Illinois Administrative Code › Title 86 - REVENUE › Part 110 - LEVELING THE PLAYING FIELD FOR ILLINOIS RETAIL ACT › Section 110.170 - Assessors' Bonus

Current through Register Vol. 48, No. 28, July 12, 2024
a) Section 4-20
			 of the Property Tax Code [35 ILCS
			 200/4-20 ] provides a $3,000 bonus for township and
			 multi-township district assessors, including supervisors of assessments, who
			 meet specified uniformity criteria in counties with fewer than 3,000,000
			 inhabitants. Application for the bonus shall be made to the Department on Form
			 No. PTAX-205. In all cases, it is incumbent upon the applicant to provide all
			 data and information necessary to substantiate eligibility for the bonus. The
			 information requested on Form No. PTAX-205 is mandatory and failure to provide
			 accurate and complete data as specified shall result in rejection of the
			 application. Additional information may be requested by the Department to aid
			 in the determination of whether or not the coefficient of dispersion and level
			 of assessment meet the legal requirements. Beginning with the 2010 federal
			 decennial census, however, if the population in an assessment jurisdiction has
			 increased to over 50,000 inhabitants or decreased to 50,000 or fewer
			 inhabitants, then the Department will continue to determine bonus eligibility
			 of any affected assessor on the basis of the uniformity criteria originally
			 applicable to the assessment jurisdiction before the reported population change
			 for all applications submitted in the year during which the official federal
			 decennial census population count is released (e.g., if data is released in
			 2011 showing a population change for a county, then, on the 2011 bonus
			 application, the assessor must meet the uniformity criteria applicable to the
			 assessment jurisdiction in 2010 and only satisfy the new requirements for the
			 county with the bonus application submitted in 2012). The need for additional
			 information, as well as the type of supporting documentation that may be
			 required, is dependent upon the approach and methodology selected by the
			 applicant to document their eligibility for the bonus. The filing time frame
			 for submitting the application and supporting documentation shall begin April
			 15 and continue until 60 days after the original hearing date in the county for
			 the tentative equalization factor. Applications for the $3,000 bonus and all
			 necessary documentation must be received within the specified time frame for
			 the assessment year in question.
b)
			 In determining the current level of assessments for the jurisdiction, the
			 Department shall use the most recent three-year adjusted median as determined
			 by the assessment/sales ratio study, e.g., for the 2004 bonus, the Department
			 shall use the 2001, 2002, and 2003 levels of assessment. Adjustments to the
			 study data may be made on the basis of changes reported by the assessor on the
			 application form and on any alternative sales ratio data submitted. For an
			 application by a township or multi-township assessor, the average of the most
			 recent three-year levels shall be adjusted only to reflect action by the
			 township or multi-township assessor. Adjustments to the Department's most
			 recent urban weighted three-year average county level for an application
			 submitted by a Supervisor of Assessments shall be made on the basis of
			 assessment information provided on Form Nos. PTAX-280-A (Tentative Abstract of
			 Assessments), PTAX-280-R (Reclassification Table) and PTAX-204-S/A (Report on
			 Equalization of Local Assessment by Supervisor of Assessments). Decisions
			 relating to the coefficient of dispersion for purposes of qualifying for the
			 bonus shall be made using the Department's most recent single year
			 assessment/sales ratio data, e.g., for the 2004 bonus award, the Department
			 shall use the 2003 single-year sales ratio study. More recent or supplemental
			 data shall be accepted from the applicant to aid in determining whether or not
			 the uniformity criteria for the assessment year being applied for meets the
			 legal requirement. Alternate or supplemental data may take the form of current
			 year sales from the jurisdiction matched with prior year assessments. If there
			 is an insufficient number of sales in an assessment jurisdiction, appraisals
			 may also be used when provided by an objective source having no personal,
			 business, or monetary interest in the Department's decision to award or
			 withhold the bonus. If appraisals are submitted, the properties involved must
			 be shown to have been selected in a random manner that adequately represents
			 the jurisdiction or assessment district. As an alternate to appraisals in cases
			 where there is an insufficient number of sales for any of the applicable years
			 in the assessment/sales ratio study, a trending technique may be used to adjust
			 the sale price for time. To trend, the study year at issue is first augmented
			 with sales from the most recent year in comparison before adding any other
			 sales from the remaining year in the three-year period. For the 2004 bonus
			 award:
1) if sales are needed for 2001, first
			 trend 2002 sales back, then trend 2003 sales back if necessary;
2) if sales are need for 2002 first trend
			 2003 sales back, then trend 2001 sales forward if necessary; and
3) if sales are needed for 2003, first trend
			 2002 sales forward, then trend 2001 sales forward if necessary.
Whenever alternate sales ratio study data are submitted, the
				sales used must conform to those edit standards commonly accepted in the
				appraisal field for determining "arms length" transactions, as detailed in the
				publication "Standard on Ratio Studies" (International Association of Assessing
				Officers - 1999 edition). This incorporates no later amendment or
				edition.