Illinois Compiled Statutes 35 ILCS 250 Longtime Owner-occupant Property Tax Relief Act. Section 25

    (35 ILCS 250/25)

    Sec. 25. Retroactive application. The corporate authorities of a county to which this Act applies may use any county record or other information that predates the effective date of this Act by up to 5 years for the purpose of determining whether an increase in the market value of a longtime owner-occupant's principal residence is a consequence of the refurbishing or renovating of other residences or the construction of new residences in long-established residential areas or areas of deteriorated, vacant, or abandoned homes and properties.

(Source: P.A. 88-451.)

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Last modified: February 18, 2015