HB4358 amends the Property Tax Code to revise procedures for property tax complaints and assessments in Illinois.
HB4358 modifies the Property Tax Code by updating the process for filing and reviewing property tax complaints. It requires appraisals submitted by property owners to estimate the property's value as of January 1 of the assessment year and comply with appraisal standards. The bill mandates that complaints be filed with the board of review and specifies that if the board lowers the assessed valuation, the county must reimburse the complainant for the appraisal cost.
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