Illinois SB2030 requires owners of income-producing properties to submit physical descriptions to county assessment officers.
Illinois SB2030 amends the Property Tax Code to mandate that owners of income-producing properties in certain counties submit physical descriptions of their properties to the chief county assessment officer. This requirement applies to properties not owner-occupied and generating income from rent or ancillary revenue. The bill outlines specific details to be included in the physical descriptions for different types of properties, such as residential, office, retail, and industrial properties.
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- Core Provisions
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- Legal Framework
- Critical Issues
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