Illinois SB3043 mandates a study on the assessment of real property in Will County.
Illinois SB3043 requires the Department of Revenue to conduct a comprehensive study on the assessment of real property in Will County. The study will analyze the uniformity of assessment, compare current practices to best practices, and review preferential assessments and exemptions. The Department may also examine the fairness of the property tax assessment, valuation, and appeal process, issuing recommendations for improvement. The study will be completed by December 31, 2027, and the findings will be made public.
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