Bill Title: Amends the Property Tax Code. Provides that assessment officials may consider foreclosure sales and short sales of comparable properties when determining fair cash value. Provides that boards of review and boards of appeals may consider foreclosure sales and short sales of comparable properties for the purpose of revising and correcting assessments and must consider those sales of comparable properties submitted by the taxpayer. Effective immediately.

Spectrum: Moderate Partisan Bill (Republican 6-1)

Status: (Passed) 2010-07-16 - Public Act . . . . . . . . . 96-1083 [SB3334 Detail]

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Bill Drafts

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Enrolled	Not Avail	HTML/Text	Link	View
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Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3334

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3334 currently on file.

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