Illinois Administrative Code › Title 86 - REVENUE › Part 110 - LEVELING THE PLAYING FIELD FOR ILLINOIS RETAIL ACT › Section 110.175 - Equalization by Chief County Assessment Officers in Counties with Fewer Than 3,000,000 Inhabitants

Current through Register Vol. 48, No. 28, July 12, 2024
a) Section
			 9-210 of the Property Tax Code [35
			 ILCS 200/9-210 ] requires Chief County Assessment
			 Officers in counties with fewer than 3,000,000 inhabitants to apply
			 equalization factors to attain a level of assessments of 331/3% of market
			 value, and Section 3-40 of the Property Tax Code [35 ILCS
			 200/3-40 ] provides that the Department will not
			 reimburse a county for 50% of the amount of salary the county paid to the
			 Supervisor of Assessments for the preceding month unless the level of
			 assessments is between 311/3% and 351/3% of fair cash value. For purposes of
			 determining compliance with the statutory requirement, the Department will
			 adjust prior year sales ratio data using the most recent Tentative Abstract of
			 Assessments (Form PTAX-280-A), Reclassification Table (Form PTAX-280-R) and
			 Report on Equalization of Local Assessment by Supervisor of Assessments (Form
			 PTAX-204-S/A). This will be done to reflect current year assessment changes.
			 Within 60 days after certification of the county's tentative equalization
			 factor, the Department will make a determination as to whether or not the
			 statutory assessment level range has been attained. If the required level has
			 not been attained, the County Treasurer will be immediately notified in writing
			 that State reimbursement for one-half of the Supervisor of Assessment's salary
			 will not be made to the county. Reimbursement will not be reinstituted until a
			 Tentative Abstract of Assessments received in a subsequent year reflects
			 equalization, assessment and/or value changes sufficient to bring the level of
			 assessments to within the range level prescribed by law. When the county again
			 becomes eligible for Supervisor of Assessment salary reimbursement, the County
			 Treasurer will be notified in writing. In all cases, determination as to the
			 level of assessments for purposes of this Section will not be made until after
			 evidence (if any) submitted at the tentative equalization factor hearing is
			 reviewed and the Department's findings concerning such evidence is certified to
			 the County Clerk.
b) The 50%
			 reimbursement to the county by the State shall include only reimbursement for
			 the salary paid to the Supervisor of Assessments for the preceding month.
			 Reimbursable salary shall not include amounts paid to the Supervisor of
			 Assessments by the county for unused sick, vacation or compensatory days or
			 other compensation not actually earned in the preceding month. Reimbursable
			 salary may include the employee's share of Social Security, retirement, health
			 insurance or other such employee contributions from salary for work during the
			 preceding month and amounts paid into a deferred compensation program for work
			 during the preceding month but shall not include amounts paid for a county's
			 share of Social Security, retirement, health insurance or a county's share of
			 any other such benefit.