35 ILCS 200/10-350
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 3 - Valuation and Assessment

Sec. 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 organization chartered by the State of  Illinois prior to 1900, or its subordinate organization or entity, (i) that  prohibits gambling and the use of alcohol on the property, (ii) that  is an exempt entity under Section 501(c)(10) of the Internal Revenue Code, and  (iii) whose members provide, directly or indirectly, financial support for  charitable works, which may include medical care, drug rehabilitation, or  education, shall be established by the chief county assessment officer as  follows:(1) if the property meets the qualifications set     forth in this Section on January 1, 2001 and on January 1 of each subsequent assessment year, for assessment year 2001 and each subsequent assessment year, the final assessed value of the property shall be 15% of the final assessed value of the property for the assessment year 2000; or(2) if the property first meets the qualifications     set forth in this Section on January 1 of any assessment year after assessment year 2001 and on January 1 of each subsequent assessment year, for that first assessment year and each subsequent assessment year, the final assessed value shall be 15% of the final assessed value of the property for the assessment year in which the property first meets the qualifications set forth in this Section.If, in any year, additions or improvements are made to property subject to  assessment under this Section and the additions or improvements would increase  the assessed value of the property, then 15% of the final assessed value of the  additions or improvements shall be added to the final assessed value of the  property for the year in which the additions or improvements are completed and  for all subsequent years that the property is eligible for assessment under  this Section.(b) For purposes of this Section, "final assessed value" means the assessed  value after final board of review action.(c) Fraternal organizations whose property is assessed under this Section  must annually submit an application to the chief county assessment officer on  or before (i) January 31 of the assessment year in counties with a population  of 3,000,000 or more and (ii) December 31 of the assessment year in all other  counties.  The initial application must contain the information required by the  Department of Revenue, which shall prepare the form, including:(1) a copy of the organization's charter from the     State of Illinois, if applicable;(2) the location or legal description of the property     on which is located the principal building for the organization, including the PIN number, if available;(3) a written instrument evidencing that the     organization is the record owner or has a legal or equitable interest in the property;(4) an affidavit that the organization is liable for     paying the real property taxes on the property; and(5) the signature of the organization's chief     presiding officer.Subsequent applications shall include any changes in the initial application  and shall affirm the ownership, use, and liability for taxes for the year in  which it is submitted.  All applications shall be notarized.(d) This Section does not apply to parcels exempt from property taxes under  this Code.    (Source: P.A. 91-834, eff. 1-1-01.)