Illinois Compiled Statutes 35 Revenue: Article 3 - Valuation and Assessment

Article 9. General Valuation Procedures

Division 1. Office Operations

• Illinois Property Tax Code. - 35 ILCS 200, Section 9-5
  Rules. Each county assessor, board of appeals, and board of review shall make and publish reasonable rules for the guidance of persons doing business with...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-10
  Office hours. The offices of the chief county assessment officer shall be open all the year during business hours to hear or receive complaints...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-15
  Annual meeting of supervisor of assessments. In all counties of township organization having a supervisor of assessments, the supervisor of assessments shall, by January...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-20
  Property record cards. In all counties, all property record cards maintained by a township assessor, multi-township assessor, or chief county assessment officer shall be...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-25
  Township property record cards. In counties under township organization, the township assessors and multi-township assessors shall allow the supervisor of assessments to make a...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-30
  Property records systems - Townships and multi-townships. The township or multi-township assessor may spend funds for the preparation, establishment and maintenance of a detailed...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-35
  County tax maps - Supervisor of assessments. Except as provided in Section 5-1108 of the Counties Code, each supervisor of assessments shall prepare and...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-40
  County tax maps; County assessor. In any county with less than 3,000,000 inhabitants which elects a county assessor under Section 3-45, the county assessor...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-45
  Property index number system. The county clerk in counties of 3,000,000 or more inhabitants and, subject to the approval of the county board, the chief...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-50
  Maps and plats. The chief county assessment officer may make or purchase maps and plats that will facilitate the business of his or her...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-55
  Survey by owner. When a property is divided into parcels so that it cannot be described without describing it by metes and bounds, it...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-60
  (Repealed). (Source: P.A. 88-455. Repealed by P.A. 95-925, eff. 1-1-09.)
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-65
  Reassessment after platting. Except as otherwise provided by Section 10-30 with respect to assessments made in counties with less than 3,000,000 inhabitants, whenever acreage...

Division 2. Assessment Authority

• Illinois Property Tax Code. - 35 ILCS 200, Section 9-70
  Assessment authority. The Department shall assess all pollution control facilities, low sulfur dioxide emission coal fueled devices, and property owned or used by railroad...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-75
  Revisions of assessments; Counties of less than 3,000,000. The chief county assessment officer of any county with less than 3,000,000 inhabitants, or the township...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-80
  Authority to revise assessments; Counties of less than 3,000,000. The chief county assessment officer in counties with less than 3,000,000 inhabitants shall have the same...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-85
  Revision of assessments by county assessor and board of review; Counties of 3,000,000 or more. In counties with 3,000,000 or more inhabitants, the county...

Division 3. Assessment Books.

• Illinois Property Tax Code. - 35 ILCS 200, Section 9-90
  Procuring assessment books. The county clerk shall procure all necessary books and blanks required by this Code to be used in the assessment of...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-95
  Listing of property. All property subject to taxation under this Code, including property becoming taxable for the first time, shall be listed by the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-100
  Assessment list; Delivery of books. Before January 1 in each year of the general assessment, as provided in Sections 9-215 through 9-225, each county...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-105
  Makeup of assessment books by townships. The books for the assessment of property, in counties not under township organization, shall be made up by...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-110
  Railroad assessment book. The county clerk shall procure, at the expense of the county, a record book in a form prescribed by the Department,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-115
  Parcels in more than one taxing district. When any property is situated in more than one township or taxing district, or is situated and...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-120
  Combined listings. When a whole section, half section, quarter section, or half-quarter section of property, belongs to the same owner, it may, and shall,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-125
  Verification of assessment lists. The county clerk shall compare the lists of property with the list of taxable property on file in his or...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-130
  Delivery of assessment books. The chief county assessment officer shall call upon the county clerk on or before the first day of January in...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-135
  Correction of assessment lists. If the assessor or chief county assessment officer finds that any property subject to taxation, or special assessment, has not...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-140
  Loss or destruction of assessment books. When all or any part of the assessment rolls or collectors' books of any county, or other taxing...

Division 4. Valuation Procedures

• Illinois Property Tax Code. - 35 ILCS 200, Section 9-145
  Statutory level of assessment. Except in counties with more than 200,000 inhabitants which classify property for purposes of taxation, property shall be valued as...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-150
  Classification of property. Where property is classified for purposes of taxation in accordance with Section 4 of Article IX of the Constitution and with...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-155
  Valuation in general assessment years. On or before June 1 in each general assessment year in all counties with less than 3,000,000 inhabitants, and...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-160
  Valuation in years other than general assessment years. On or before June 1 in each year other than the general assessment year, in all...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-165
  Definitions. As used in Sections 9-160 and 9-180: "Municipality" means a city, village or incorporated town. "Governing body" means (a) the corporate authorities of...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-170
  (Repealed). (Source: P.A. 88-455. Repealed by 89-412, eff. 11-17-95.)
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-175
  Owner on assessment date. The owner of property on January 1 in any year shall be liable for the taxes of that year, except...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-180
  Pro-rata valuations; improvements or removal of improvements. The owner of property on January 1 also shall be liable, on a proportionate basis, for the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-185
  Change in use or ownership. The purchaser of property on January 1 shall be considered as the owner on that day. However, when a...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-190
  Damaged or destroyed property. (a) When a property in a county with less than 3,000,000 inhabitants has been destroyed or rendered uninhabitable or otherwise...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-195
  Leasing of exempt property. (a) Except as provided in Sections 15-35, 15-55, 15-60, 15-100, 15-103, 15-160, and 15-185, when property which is exempt from taxation...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-200
  Previously exempt property. Property that is purchased, granted, taken or otherwise transferred from a use exempt from taxation under this Code to a use...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-205
  Equalization. When deemed necessary to equalize assessments between or within townships or between classes of property, or when deemed necessary to raise or lower...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-210
  Equalization by chief county assessment officer; counties of less than 3,000,000. The chief county assessment officer in a county with less than 3,000,000 inhabitants...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-213
  Explanation of equalization factors. The chief county assessment officer in every county with less than 3,000,000 inhabitants must provide a plain-English explanation of all township,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-215
  General assessment years; counties of less than 3,000,000. Except as provided in Sections 9-220 and 9-225, in counties having the township form of government...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-220
  Division into assessment districts; assessment years; counties of 3,000,000 or more. (a) Notwithstanding any other provision in this Code to the contrary, until January...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-225
  Division of county into four assessment districts. Resolutions of any county board dividing the county into four assessment districts, if adopted before January 1,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-230
  Return of township or multi-township assessment books. (a) The township or multi-township assessors in counties with less than 600,000 inhabitants, based on the 2000 federal...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-235
  Failure to complete assessments. If the board of review, in any county under township organization with less than 3,000,000 inhabitants, fails to complete its...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-240
  Assessment book totals. The assessor and chief county assessment officer shall add up and note the aggregate of each column in the assessment books;...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-245
  Return of books to board of review; counties of less than 3,000,000. In counties with less than 3,000,000 inhabitants, the chief county assessment officer...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-250
  Abstract of assessment by county clerk. Annually, upon receipt of the assessment books from the board of review or board of appeals, each county...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-255
  Statement of incomplete assessments. In case of the failure of any assessor to certify the assessment within the time specified in this Act, each...

Division 5. Omitted Property

• Illinois Property Tax Code. - 35 ILCS 200, Section 9-260
  Assessment of omitted property; counties of 3,000,000 or more. (a) After signing the affidavit, the county assessor shall have power, when directed by the board...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-265
  Omitted property; interest; change in exempt use or ownership. (a) If any property is omitted in the assessment of any year or years, not to...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-270
  Omitted property; limitations on assessment. A charge for tax and interest for previous years, as provided in Sections 9-265 or 14-40, shall not be made...
• Illinois Property Tax Code. - 35 ILCS 200, Section 9-275
  Erroneous homestead exemptions. (a) For purposes of this Section: "Erroneous homestead exemption" means a homestead exemption that was granted for real property in a taxable...

Article 10. Valuation Procedures for Special Properties

Division 1. Solar Energy Systems

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-5
  Solar energy systems; definitions. It is the policy of this State that the use of solar energy systems should be encouraged because they conserve nonrenewable...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-10
  Valuation of solar energy systems. When a solar energy system has been installed in improvements on any property, the owner of that property is...

Division 2. Residential Property

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-15
  Condominiums and cooperatives. In counties with 200,000 or more inhabitants which classify property, condominiums occupied by the owner as a residence for a minimum...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-20
  Repairs and maintenance of residential property. Maintenance and repairs to residential property owned and used exclusively for a residential purpose shall not increase the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-25
  Model homes, townhomes, and condominium units. If the construction of a single family dwelling is completed after December 29, 1986 or the construction of...

Division 3. Residential Developments

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-30
  Subdivisions; counties of less than 3,000,000. (a) In counties with less than 3,000,000 inhabitants, the platting and subdivision of property into separate lots and the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-31
  Subdivisions; counties of less than 3,000,000. (a) In counties with less than 3,000,000 inhabitants, the platting and subdivision of property into separate lots and the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-35
  Subdivision common areas. (a) Residential property which is part of a development, but which is individually owned and ownership of which includes the right,...

Division 4. Historic Residences

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-40
  Historic Residence Assessment Freeze Law; definitions. This Section and Sections 10-45 through 10-85 may be cited as the Historic Residence Assessment Freeze Law. As...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-45
  Valuation during 8 year valuation period. In furtherance of the policy of encouraging the rehabilitation of historic residences, property certified pursuant to this Historic...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-50
  Valuation after 8 year valuation period. For the 4 years after the expiration of the 8-year valuation period, the valuation for purposes of computing...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-55
  Application process and application period. (a) The Director shall receive applications for certificates of rehabilitation in a form and manner provided by him or...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-60
  Certificate of status. It is the duty of the titleholder of record or the owner of the beneficial interest of any historic building which...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-65
  Receipt of applications. An approved local government shall receive applications for certificates of rehabilitation within its corporate boundaries. The decision of the approved local...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-70
  Computation of valuation. (a) Upon receipt of the certificate of rehabilitation, the assessment officer shall determine the base year valuation and shall make a...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-75
  Approval of municipal ordinances. In addition to the powers and duties described elsewhere in this Code, the Director may approve county or municipal ordinances...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-80
  Rules and regulations. The Director may promulgate rules and regulations as may be necessary to administer this Code, including but not limited to provisions...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-85
  Election by taxing district to deny special tax treatment. Any taxing district may elect by a majority vote of its governing authority within the...

Division 5. Airports and Interstate Bridges

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-90
  Property used for airport purposes. In counties with 200,000 or more inhabitants, in addition to valuation as otherwise permitted by law, upon the filing...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-95
  Application process. The person liable for taxes on land used for airport purposes must file a verified application requesting the additional valuation provided for...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-100
  Liability for prior year's taxes. The valuation determined under Section 10-90 shall be used for each year for which application is made and approved...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-105
  Interstate bridges. All bridge structures across any navigable streams forming the boundary line between the State of Illinois and any other State, and not...

Division 6. Farmland, Open Space, and Forestry Management Plan.

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-110
  Farmland. The equalized assessed value of a farm, as defined in Section 1-60 and if used as a farm for the 2 preceding years,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-115
  Department guidelines and valuations for farmland. The Department shall issue guidelines and recommendations for the valuation of farmland to achieve equitable assessment within and between...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-120
  County Farmland Assessment Review Committee. A County Farmland Assessment Review Committee (hereafter referred to as the Committee) shall be established in each county to...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-125
  Assessment level by type of farmland. Cropland, permanent pasture and other farmland shall be defined according to U.S. Census Bureau definitions in use during...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-130
  Farmland valuation; counties of 3,000,000 or more. In counties with more than 3,000,000 inhabitants, the equalized assessed value per acre of farmland shall be...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-135
  Farmland not subject to equalization. The assessed valuation of farmland assessed under Sections 10-110 through 10-130 shall not be subject to equalization by means...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-140
  Other improvements. Improvements other than the dwelling, appurtenant structures and site, including, but not limited to, roadside stands and buildings used for storing and...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-145
  Farm dwellings. Each farm dwelling and appurtenant structures and the tract upon which they are immediately situated shall be assessed by the local assessing...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-147
  Former farm; open space. Beginning with the 1992 assessment year, the equalized assessed value of any tract of real property that has not been...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-150
  Property under forestry management plan. In counties with less than 3,000,000 inhabitants, any land being managed under a forestry management plan accepted by the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-152
  Vegetative filter strip assessment. (a) In counties with less than 3,000,000 inhabitants, any land (i) that is located between a farm field and an area...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-153
  Non-clear cut assessment. Land that (i) is not located in a unit of local government with a population greater than 500,000, (ii) is located...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-155
  Open space land; valuation. In all counties, in addition to valuation as otherwise permitted by law, land which is used for open space purposes and...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-160
  Open space; application process. In counties with 3,000,000 or more inhabitants, the person liable for taxes on land used for open space purposes must file...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-165
  Land no longer used for open space. When any portion of the land described in any application filed under Section 10-160 is no longer...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-166
  Registered land or land encumbered by conservation rights; valuation. Except in counties with more than 200,000 inhabitants that classify property for the purpose of...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-167
  Definition of public benefit; certification. (a) A conservation right on land shall be considered to provide a demonstrated public benefit if the Department of...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-168
  Valuation of registered land or land encumbered by conservation rights; application process. (a) The person liable for taxes on land eligible for assessment under...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-169
  Land no longer registered or encumbered by conservation rights. (a) In the event the registration agreement or conservation right by which a portion of...

Division 7. Coal

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-170
  Valuation of coal. The equalized assessed value of each tract of real property constituting coal shall be determined under Sections 10-175 through 10-200. (Source:...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-175
  Undeveloped coal. All undeveloped coal in property on which there has been no mining during the year immediately preceding the assessment date shall for...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-180
  Developed coal. Developed coal shall be assessed at 33 1/3% of the developed coal reserve economic value determined as follows: Developed Coal Reserve Economic...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-185
  Prorated assessment. When initial mining commences after the assessment date, or when all mining ceases prior to the end of a calendar year, the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-190
  Cessation of mining. When mining has taken place during the year immediately preceding the assessment date, but has completely ceased as of the assessment...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-195
  Incremental assessment. Coal assessed under Sections 10-180 and 10-185 shall be added to the tax roll in the following increments as determined by the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-200
  Coal not subject to State equalization. Except as provided in this Section, the assessed valuation of coal assessed under Sections 10-170 through 10-195 shall...

Division 8. Sports Stadiums

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-205
  Sports stadium property. For purposes of the property tax laws of this State, qualified property in municipalities with more than 2,000,000 inhabitants shall be...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-210
  Definitions. For purposes of Sections 10-205, 10-215, and 10-220: (a) "Base year" means the first tax year after the tax year in which construction...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-215
  Qualified property. Qualified property means: (a) a new stadium having a seating capacity in excess of 18,000 and less than 28,000 which is constructed...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-220
  Valuation. (a) For the base year and subsequent tax years, property described in subsection (a) of Section 10-215 shall be classified so that it...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-223
  Former farm; open space. Beginning with the 1992 assessment year, the equalized assessed value of any tract of real property that has not been...

Division 9. Nurseries

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-225
  Stock of nurseries. The stock of nurseries, when growing, shall be assessed as property and when severed shall be considered merchandise. (Source: Laws 1941,...

Division 10. Electric Power Generating Stations

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-230
  Creation of task force; 1997 through 1999 property assessments of certain utility property. (a) This Section establishes an Electric Utility Property Assessment Task Force...

Division 11. Low-income Housing

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-235
  Low-income housing project valuation policy; intent. It is the policy of this State that low-income housing projects developed under Section 515 of the federal Housing...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-240
  Definition of Section 515 low-income housing projects. "Section 515 low-income housing projects" mean rental apartment facilities (i) developed and managed under a United States...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-245
  Method of valuation of low-income housing projects. Notwithstanding Section 1-55 and except in counties with a population of more than 200,000 that classify property for...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-250
  Certification procedure and effective date of implementation. (a) After (i) an application for a Section 515 low-income housing project certificate is filed with the State...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-255
  Rules. The Department of Revenue may adopt rules to implement and administer this Division. (Source: P.A. 91-651, eff. 1-1-00.)
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-260
  Low-income housing. In determining the fair cash value of property receiving benefits from the Low-Income Housing Tax Credit authorized by Section 42 of the...

Division 12. Veterans Organization Property

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-300
  Veterans organization assessment freeze. (a) For the taxable year 2000 and thereafter, the assessed value of real property owned and used by a veterans organization...

Division 13. Fraternal Organization Property

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-350
  Fraternal organization assessment freeze. (a) For the taxable year 2001 and thereafter, the assessed value of real property owned and used by a fraternal...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-355
  Fraternal organization assessment freeze. (a) For the taxable year 2002 and thereafter, the assessed value of real property owned and used by a fraternal...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-360
  Fraternal organization assessment freeze. (a) For the taxable year 2003 and thereafter, the assessed value of real property owned and used by a fraternal...

Division 14. Valuation of Certain Leases of Exempt Property (Source: P. A. 94-974, Eff. 6-30-06.)

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-365
  U.S. Military Public/Private Residential Developments. PPV Leases must be classified and valued as set forth in Sections 10-370 through 10-380 during the period beginning January...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-370
  Definitions. For the purposes of this Division 14: (a) "PPV Lease" means a leasehold interest in property that is exempt from taxation under Section 15-50...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-375
  Valuation. (a) A PPV Lease must be valued at its fair cash value, as provided under item (b) of Section 9-145 or under Section 9-150....
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-380
  For the taxable years 2006 through 2015, the chief county assessment officer in the county in which property subject to a PPV Lease is located...

Division 15. Supportive Living Facilities (Source: P. A. 94-1086, Eff. 1-19-07.)

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-390
  Valuation of supportive living facilities. (a) Notwithstanding Section 1-55, to determine the fair cash value of any supportive living facility established under Section 5-5.01a of...

Division 16. Conservation Stewardship Law (Source: P. A. 95-633, Eff. 10-1-07.)

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-400
  Short title; findings and policy. (a) This Division may be cited as the Conservation Stewardship Law. (b) The General Assembly finds that it is in...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-405
  Definitions. As used in this Division: "Unimproved land" means woodlands, prairie, wetlands, or other vacant and undeveloped land that is not used for any residential...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-410
  Conservation management plan; rules. The Department of Natural Resources shall adopt rules specifying the form and content of a conservation management plan sufficient for managed...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-415
  Plan submission and review; approval. (a) A taxpayer requesting special valuation of unimproved land under this Division must first submit a conservation management plan for...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-420
  Special valuation of managed land; exceptions. (a) In all counties, except for Cook County, beginning with assessments made in 2008 and thereafter, managed land for...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-425
  Certification. (a) The Department of Natural Resources shall certify to the Department a list of applications approved under Section 10-415. This list must contain the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-430
  Withdrawal from special valuation. (a) If any of the following events occur, then the Department of Natural Resources shall withdraw all or a portion of...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-435
  Recapture. (a) If, in any taxable year that the taxpayer receives a special valuation under Section 10-470, the taxpayer does not comply with the conservation...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-440
  Sale or transfer of unimproved land. The sale or transfer of unimproved land does not affect the valuation of the land, unless there is a...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-445
  Rules. The Department of Natural Resources shall adopt rules to implement and administer this Act. (Source: P.A. 95-633, eff. 10-1-07.)

Division 17. Wooded Acreage Assessment Transition Law (Source: P. A. 95-633, Eff. 10-1-07.)

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-500
  Short title. This Division may be cited as the Wooded Acreage Assessment Transition Law. (Source: P.A. 95-633, eff. 10-1-07.)
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-505
  Wooded acreage defined. For the purposes of this Division 17, "wooded acreage" means any parcel of unimproved real property that: (1) can be defined as...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-510
  Assessment of wooded acreage. (a) If wooded acreage was classified as farmland during the 2006 assessment year, then the property shall be assessed by multiplying...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-515
  Notice requirement. If the owner of property subject to this Division is a corporation, partnership, limited liability company, trust, or other similar entity, then it...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-520
  Cook County exempt. This Division 17 does not apply to any property located within Cook County. (Source: P.A. 95-633, eff. 10-1-07.)

Division 18. Wind Energy Property Assessment (Source: P. A. 95-644, Eff. 10-12-07; 95-876, Eff. 8-21-08.)

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-600
  Definitions. For the purposes of this Division 18: "Wind energy device" means any device, with a nameplate capacity of at least 0.5 megawatts, that is...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-605
  Valuation of wind energy devices. Beginning in assessment year 2007, the fair cash value of wind energy devices shall be determined by subtracting the allowance...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-610
  Applicability. (a) The provisions of this Division apply for assessment years 2007 through 2016. (b) The provisions of this Division do not apply to wind...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-615
  Wind energy assessable property is not subject to equalization. Wind energy assessable property is not subject to equalization factors applied by the Department or any...
• Illinois Property Tax Code. - 35 ILCS 200, Section 10-620
  Platting requirements; parcel identification numbers. The owner of a wind energy device shall, at his or her own expense, use an Illinois registered land surveyor...

Division 19. Qualified Commercial and Industrial Property (Source: P. A. 98-702, Eff. 7-7-14.)

• Illinois Property Tax Code. - 35 ILCS 200, Section 10-700
  Qualified commercial and industrial property; tornado disaster. Notwithstanding any other provision of law, each qualified parcel of commercial or industrial property owned and used by...

Article 11. Valuations Performed by the Department

Division 1. Pollution Control Facilities

• Illinois Property Tax Code. - 35 ILCS 200, Section 11-5
  Pollution control facilities; valuation policy. It is the policy of this State that pollution control facilities should be valued, at 33 1/3% of the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-10
  Definition of pollution control facilities. "Pollution control facilities" means any system, method, construction, device or appliance appurtenant thereto, or any portion of any building...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-15
  Method of valuation for pollution control facilities. To determine 33 1/3% of the fair cash value of any certified pollution control facilities in assessing...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-20
  Certification and assessment authority. For tax purposes, pollution control facilities shall be certified as such by the Pollution Control Board and shall be assessed...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-25
  Certification procedure. Application for a pollution control facility certificate shall be filed with the Pollution Control Board in a manner and form prescribed in...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-30
  Powers and duties of the certifying board. Before denying any certificate, the Pollution Control Board shall give reasonable notice in writing to the applicant...

Division 2. Low Sulfur Dioxide Coal Fueled Devices

• Illinois Property Tax Code. - 35 ILCS 200, Section 11-35
  Low sulfur dioxide emission coal fueled devices. It is the policy of this State that the use of low sulfur dioxide emission coal fueled...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-40
  Definition of low sulfur dioxide emission coal fueled devices. "Low sulfur dioxide emission coal fueled devices" means any device used or intended for the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-45
  Method of valuation for low sulfur dioxide emission coal fueled devices. To determine 33 1/3% of the fair cash value of any low sulfur...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-50
  Certification and assessment authority. For tax purposes, a low sulfur dioxide emission coal fueled device shall be certified as such by the Pollution Control...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-55
  Approval procedure. Application for approval of a low sulfur dioxide emission coal fueled device shall be filed with the Pollution Control Board in the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-60
  Judicial review; pollution control and low sulfur devices. Any applicant or holder aggrieved by the issuance, refusal to issue, denial, revocation, modification or restriction...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-65
  Procedures for assessment; pollution control and low sulfur devices. Proceedings for assessment or reassessment of property certified to be pollution control facilities or low...

Division 3. Railroads

• Illinois Property Tax Code. - 35 ILCS 200, Section 11-70
  Assessment of railroad companies; definitions. These words and phrases, for the assessment of the property of railroad companies, and unless otherwise required by the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-75
  Assessment date for railroad companies. The Department shall assess all property owned or used by railroad companies operating within this State, as of January...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-80
  Assessment procedure for railroad companies. In assessing the taxable property of any railroad company, the Department shall first determine 33 1/3% of the fair...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-80.1
  High-speed passenger rail project. Due to the importance of developing high-speed or faster rail service, the General Assembly finds that it should encourage freight railroad...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-85
  Property schedules. Every railroad company shall, on or before June 1 of each year, when required, make out and file with the Department a statement...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-90
  Information schedules. Each year every railroad company in this State shall return to the Department, in addition to any other information required by this Code,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-95
  Listing of non-carrier real estate. Every railroad company subject to assessment in this State shall annually return to the Department a list of its...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-100
  Proration of value; property outside of State. If any railroad company owns or uses operating property partly within and partly outside of this State,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-105
  Description of railroad track. The right of way, including the superstructures of first, second, third and other main tracks and all side tracks and...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-110
  Certification of railroad assessments. The equalized assessed value of the operating property of every railroad company subject to assessment, when determined as prescribed in...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-115
  Failure to file schedules. In case any railroad company neglects to return to the Department any statements or schedules required to be returned to...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-120
  Platting by railroad company. When any railroad company makes or records a plat of any contiguous lots or parcels of land belonging to it,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-125
  Department rules on railroad assessments. The Department may adopt rules and regulations as it considers necessary to carry out the provisions of Sections 11-70...

Division 4. Regional Water Treatment Facilities

• Illinois Property Tax Code. - 35 ILCS 200, Section 11-130
  Legislative findings. The General Assembly finds that it is the policy of this State to ensure and encourage the availability of safe potable water...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-135
  Definitions. For purposes of this Division 4: "Department" means the Illinois Department of Revenue. "Not for profit corporation" means an Illinois corporation organized and...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-140
  Valuation policy. Qualifying water treatment facilities shall be valued for purposes of computing the assessed valuation on the basis of 33 1/3% of the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-145
  Method of valuation for qualifying water treatment facilities. To determine 33 1/3% of the fair cash value of any qualifying water treatment facility in...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-150
  Exclusion of for-profit water treatment facilities. In no event shall the valuation set forth in this Division 4 be available to a water treatment...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-155
  Certification and assessment authority. For tax purposes, a qualifying water treatment facility shall be certified as such by the Director of Natural Resources and...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-160
  Approval procedure. Application for approval as a qualifying water treatment facility shall be filed with the Department of Natural Resources in the manner and...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-165
  Judicial review; qualifying water treatment facilities. Any applicant or holder aggrieved by the issuance, refusal to issue, denial, revocation, modification, or restriction of a...
• Illinois Property Tax Code. - 35 ILCS 200, Section 11-170
  (35 ILCS 200/11-170) Sec. 11-170. Procedures for assessment; qualifying water treatment facilities. Proceedings for assessment or reassessment of property certified to be a qualifying...

Article 12. Assessment Notice and Publication Provisions

Division 1. Initial Assessment Process

• Illinois Property Tax Code. - 35 ILCS 200, Section 12-5
  Taxpayer entitled to statement of valuation. The chief county assessment officer, when requested, shall deliver to any person a copy of the description or...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-10
  Publication of assessments; counties of less than 3,000,000. In counties with less than 3,000,000 inhabitants, as soon as the chief county assessment officer has completed...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-15
  Publication fee - Counties of less than 3,000,000. The newspaper shall be paid a fee for publishing the assessment list according to the following schedule:...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-20
  Publication of assessments; counties of 3,000,000 or more. In counties with 3,000,000 or more inhabitants, in each year of a general assessment, for each county...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-25
  Contents of assessment list publication; payment. In all counties, the expense of printing and publication of assessment lists shall be paid out of the county...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-30
  Mailed notice of changed assessments; counties of less than 3,000,000. (a) In every county with less than 3,000,000 inhabitants, in addition to the publication of...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-35
  Notice sent to address of mortgage lender. Whenever a notice is to be mailed as provided in Sections 12-30, and the address that appears...

Division 4. Revisions and Corrections

• Illinois Property Tax Code. - 35 ILCS 200, Section 12-40
  Notice provisions; equalization by board of review. The assessment of any class of property or of any township or multi-township or part thereof, or...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-45
  Publication of certificates of error. At the time publication is made under Section 12-60, the board of review shall also publish a complete list of...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-50
  Mailed notice to taxpayer after change by board of review or board of appeals. In counties with less than 3,000,000 inhabitants, if final board of...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-55
  Notice requirement if assessment is increased; counties of 3,000,000 or more. (a) In counties with 3,000,000 or more inhabitants, a revision by the county...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-60
  List of assessment changes; publications. When the board of review in any county with less than 3,000,000 inhabitants decides to reverse or modify the action...
• Illinois Property Tax Code. - 35 ILCS 200, Section 12-65
  (Repealed). (Source: P.A. 88-455. Repealed by P.A. 97-146, eff. 1-1-12.)

Article 13. Reassessment Procedures

• Illinois Property Tax Code. - 35 ILCS 200, Section 13-5
  Reassessment in disaster areas. In every county which has been declared a major disaster area by the President of the United States or the...
• Illinois Property Tax Code. - 35 ILCS 200, Section 13-10
  Reassessment order by Department. Whenever it appears to the Department that the property in any county, or in any assessment district, has not been...
• Illinois Property Tax Code. - 35 ILCS 200, Section 13-15
  Manner of reassessment. Reassessments shall be made in the same manner and subject to the same laws and rules as an original assessment and...
• Illinois Property Tax Code. - 35 ILCS 200, Section 13-20
  Review and equalization of reassessments. The board of review or board of appeals of the county in which a reassessment is made shall review,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 13-25
  Assessment books. Each local assessment officer, while engaged in making a reassessment, shall have custody and possession of the assessment books containing the original...
• Illinois Property Tax Code. - 35 ILCS 200, Section 13-30
  Reassessment supplies; compensation. The necessary books, records and blank forms needed for a reassessment shall be furnished by the same authorities that furnish books,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 13-35
  Effect of reassessment. A reassessment, when completed and revised under this Code, shall be the assessment upon which taxes for that year shall be...

Article 14. Revisions and Corrections

• Illinois Property Tax Code. - 35 ILCS 200, Section 14-5
  Incorrect listing; refund. (a) An assessment shall not be considered as invalid because the assessment was not correctly listed or because the assessment was...
• Illinois Property Tax Code. - 35 ILCS 200, Section 14-10
  Certificate of correction; counties of 3,000,000 or more. If the county assessor in counties with 3,000,000 or more inhabitants, at any time prior to...
• Illinois Property Tax Code. - 35 ILCS 200, Section 14-15
  Certificate of error; counties of 3,000,000 or more. (a) In counties with 3,000,000 or more inhabitants, if, after the assessment is certified pursuant to Section...
• Illinois Property Tax Code. - 35 ILCS 200, Section 14-20
  Certificate of error; counties of less than 3,000,000. In any county with less than 3,000,000 inhabitants, if, at any time before judgment or order of...
• Illinois Property Tax Code. - 35 ILCS 200, Section 14-25
  Certificate of error; tax exempt property. If an exemption is approved by the Department or by a final court decision in proceedings to review...
• Illinois Property Tax Code. - 35 ILCS 200, Section 14-30
  Hearings on revisions or corrections; public records. In all counties, all hearings held by the chief county assessment officer in support of or in...
• Illinois Property Tax Code. - 35 ILCS 200, Section 14-35
  Hearings by county assessor; counties of 3,000,000 or more. In counties with 3,000,000 or more inhabitants, the county assessor each year shall sit for...
• Illinois Property Tax Code. - 35 ILCS 200, Section 14-40
  Addition of uncollected tax to tax for subsequent year. If the tax or assessment on property liable to taxation is prevented from being collected...
• Illinois Property Tax Code. - 35 ILCS 200, Section 14-41
  Notice and collection of arrearages of property taxes. If a taxpayer owes arrearages of taxes due to an administrative error, the county may not bill,...
• Illinois Property Tax Code. - 35 ILCS 200, Section 14-45
  Correction of assessment books by county clerk. Before delivery of the assessment books to the assessor for use in making the assessment of the...

Last modified: February 18, 2015