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]

Text: Latest bill text (Enrolled) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Carole Pankau [R]	Sponsor	Sponsored Bills	SD-023	FollowTheMoney	Ballotpedia	VoteSmart
Senator Chris Lauzen [R]	Sponsor	Sponsored Bills	SD-025	FollowTheMoney	Ballotpedia	VoteSmart
Senator Dave Syverson [R]	Sponsor	Sponsored Bills	SD-035	FollowTheMoney	Ballotpedia	VoteSmart
Senator Bradley Burzynski [R]	Sponsor	Sponsored Bills	SD-035	FollowTheMoney	Ballotpedia	VoteSmart
Senator Kyle McCarter [R]	Sponsor	Sponsored Bills	SD-054	FollowTheMoney	Ballotpedia	VoteSmart
Senator Pamela Althoff [R]	Sponsor	Sponsored Bills	SD-032	FollowTheMoney	Ballotpedia	VoteSmart
Senator Toi Hutchinson [D]	Sponsor	Sponsored Bills	SD-040	FollowTheMoney	Ballotpedia	VoteSmart

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