Chapter 35, REVENUE

(35 ILCS 200/18-112) Sec. 18-112. Extension of taxes for additional or supplemental budget of school district. Notwithstanding any other provision of this Code and in accordance with Section 17-3.2 of the School Code, if a school district adopts, in a fiscal year, an additional o…

(35 ILCS 200/18-115) Sec. 18-115. Use of equalized assessed valuation. The equalized assessed value of all property, as determined under this Code, after equalization by the Department, shall be the assessed valuation for all purposes of taxation, limitation of taxation, and limi…

(35 ILCS 200/18-120) Sec. 18-120. Increase or decrease of rate limit. This Sec. applies only to rates which are specifically made subject to increase or decrease according to the referendum provisions of the General Revenue Law of Illinois. The question of establishing a maximum …

(35 ILCS 200/18-125) Sec. 18-125. Rate limit referenda. Referenda initiated under Section 18-120 shall be subject to the provisions and limitations of the general election law. The question of adopting a maximum tax rate other than that applicable shall be in substantially the fo…

(35 ILCS 200/18-130) Sec. 18-130. Restrictions. The proposition to authorize a maximum tax rate other than that applicable may, in the discretion of the corporate authorities, be restricted to the tax levy of a given year or series of years, either by resolution of the corporate …

(35 ILCS 200/18-135) Sec. 18-135. Taxing district in 2 or more counties. (a) Notwithstanding any other provisions to the contrary, in counties which have an overlapping taxing district or districts that extend into one or more other counties, the county clerk, upon receipt of the…

(35 ILCS 200/18-140) Sec. 18-140. Extension upon equalized assessment of current levy year. All taxes shall be extended by each county clerk upon the valuation produced by the equalization and assessment of property by the Department for the levy year. In the computation of rates…

(35 ILCS 200/18-145) Sec. 18-145. Error in calculation of rate or extension. Notwithstanding any other provision of law to the contrary, if, because of an error in the calculation of tax rates or extension of taxes by the county clerk, the taxes paid on any property are higher th…

(35 ILCS 200/18-15) Sec. 18-15. Filing of levies of taxing districts. (a) Notwithstanding any other law to the contrary, all taxing districts, other than a school district subject to the authority of a Financial Oversight Panel pursuant to Article 1H of the School Code, and excep…

(35 ILCS 200/18-150) Sec. 18-150. Extension in one total. In counties with 3,000,000 or more inhabitants, the county clerk shall, and in all other counties the county clerk may, extend on each valuation of property the sum of the taxes to be extended upon the property in one tota…

(35 ILCS 200/18-155) Sec. 18-155. Apportionment of taxes for district in two or more counties. The burden of taxation of property in taxing districts that lie in more than one county shall be fairly apportioned as provided in Article IX, Section 7, of the Constitution of 1970. Th…

(35 ILCS 200/18-156) Sec. 18-156. Correction of apportionment of taxes for a district in 2 or more counties. (a) Definitions. For the purposes of this Section, these definitions shall apply: "Apportioned property tax levy" means the total property tax extension of a taxing distri…

(35 ILCS 200/18-157) Sec. 18-157. Apportionment; tax objections; court decisions; adjustments of levies and refunds to tax objectors. If a court, in any tax objection based on the apportionment of an overlapping taxing district under Section 18-155, enters a final judgment that t…

(35 ILCS 200/18-160) Sec. 18-160. Notification of local officials. The Department shall notify, in writing, the overlapping taxing district of the proposed apportionment under this Section, by August 1 of the year in question. If the overlapping taxing district enacts a resolutio…

(35 ILCS 200/18-165) Sec. 18-165. Abatement of taxes. (a) Any taxing district, upon a majority vote of its governing authority, may, after the determination of the assessed valuation of its property, order the clerk of that county to abate any portion of its taxes on the followin…

(35 ILCS 200/18-170) Sec. 18-170. Enterprise zone and River Edge Redevelopment Zone abatement. In addition to the authority to abate taxes under Section 18-165, any taxing district, upon a majority vote of its governing authority, may order the county clerk to abate any portion o…

(35 ILCS 200/18-173) Sec. 18-173. Housing opportunity area abatement program. (a) For the purpose of promoting access to housing near work and in order to promote economic diversity throughout Illinois and to alleviate the concentration of low-income households in areas of high p…

(35 ILCS 200/18-175) Sec. 18-175. Leasehold abatement. The county clerk may abate property taxes levied by one or more taxing districts under this Code on any leasehold interest in a property leased from the Department of Natural Resources on which is situated a restaurant and ov…

(35 ILCS 200/18-177) Sec. 18-177. Leased low-rent housing abatement. (a) In counties of 3,000,000 or more inhabitants, the county clerk shall abate property taxes levied by any taxing district under this Code on property that meets the following requirements: (1) The property doe…

(35 ILCS 200/18-178) Sec. 18-178. Abatement for the residence of a surviving spouse of a fallen police officer, soldier, or rescue worker. (a) The governing body of any county or municipality may, by ordinance, order the county clerk to abate any percentage of the taxes levied by…

(35 ILCS 200/18-180) Sec. 18-180. Abatement; urban decay. (a) Except as provided below, a home rule municipality upon adoption of an ordinance by majority vote of its governing authority, may order the county clerk to abate, for a period not to exceed 10 years, any percentage of …

(35 ILCS 200/18-181) Sec. 18-181. Abatement of neighborhood redevelopment corporation property. The county clerk shall abate the property taxes imposed on the property of a neighborhood redevelopment corporation as provided in Section 15-5 of the Neighborhood Redevelopment Corpor…

(35 ILCS 200/18-183) Sec. 18-183. Cancellation and repayment of tax benefits. Beginning with tax year 1996, if any taxing district enters into an agreement that explicitly sets forth the terms and length of a contract and thereby grants a tax abatement or other tax benefit under …

(35 ILCS 200/18-184) Sec. 18-184. Abatement; annexation agreement. Upon a majority vote of its governing authority, any municipality may, after the determination of the assessed valuation of its property, order the county clerk to abate any portion of its taxes on any property th…

(35 ILCS 200/18-184.10) Sec. 18-184.10. Business corridors; abatement. (a) Each taxing district may, by a majority vote of its governing authority, order the county clerk to abate any portion of its taxes on property that meets the following requirements: (1) the property does no…

(35 ILCS 200/18-184.15) Sec. 18-184.15. REV Illinois project facilities for electric vehicles, electric vehicle component parts, or electric vehicle power supply equipment; abatement. (a) Any taxing district, upon a majority vote of its governing body, may, after determination of…

(35 ILCS 200/18-184.20) Sec. 18-184.20. MICRO Illinois project facilities. Any taxing district, upon a majority vote of its governing body, may, after determination of the assessed value as set forth in this Code, order the clerk of the appropriate municipality or county to abate…

(35 ILCS 200/18-184.5) Sec. 18-184.5. Abatement for vacant facilities. Upon a majority vote of its governing body, any taxing district may, after the determination of the assessed valuation of its property, order the county clerk to abate any portion of its taxes on any property …

(35 ILCS 200/18-185) Sec. 18-185. Short title; definitions. This Division 5 may be cited as the Property Tax Extension Limitation Law. As used in this Division 5: "Consumer Price Index" means the Consumer Price Index for All Urban Consumers for all items published by the United S…

(35 ILCS 200/18-190) Sec. 18-190. Direct referendum; new rate or increased limiting rate. (a) If a new rate is authorized by statute to be imposed without referendum or is subject to a backdoor referendum, as defined in Section 28-2 of the Election Code, the governing body of the…

(35 ILCS 200/18-190.5) Sec. 18-190.5. School districts. The requirements of Section 18-190 of this Code for a direct referendum on the imposition of a new or increased tax rate do not apply to tax levies that are not included in the aggregate extension for those taxing districts …

(35 ILCS 200/18-190.7) Sec. 18-190.7. Alternative aggregate extension base for certain taxing districts; recapture. (a) This Section applies to the following taxing districts that are subject to this Division 5: (1) school districts that have a designation of recognition or revie…

(35 ILCS 200/18-195) Sec. 18-195. Limitation. Tax extensions made under Sections 18-45 and 18-105 are further limited by the provisions of this Law. For those taxing districts that have levied in any previous levy year for any funds included in the aggregate extension, the county…

(35 ILCS 200/18-197) Sec. 18-197. Maywood Public Library District Tax Levy Validation (2002) Law. The provisions of the Property Tax Extension Limitation Law are subject to the Maywood Public Library District Tax Levy Validation (2002) Law. (Source: P.A. 92-884, eff. 1-13-03.)…

(35 ILCS 200/18-198) Sec. 18-198. Summit Park District Tax Levy Validation (2010) Act. The provisions of the Property Tax Extension Limitation Law are subject to the Summit Park District Tax Levy Validation (2010) Act. (Source: P.A. 96-1205, eff. 7-22-10.)

(35 ILCS 200/18-20) Sec. 18-20. Abatement of levies. (a) Notwithstanding any other law to the contrary, if any taxing district receives funds under Section 12 of the State Revenue Sharing Act, which may lawfully be used by the district, the governing authority of the district, up…

(35 ILCS 200/18-200) Sec. 18-200. School Code. A school district's State aid shall not be reduced under the computation under subsections 5(a) through 5(h) of Part A of Section 18-8 of the School Code or under Section 18-8.15 of the School Code due to the operating tax rate falli…

(35 ILCS 200/18-205) Sec. 18-205. Referendum to increase the extension limitation. A taxing district is limited to an extension limitation of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year, whichever is less. A …

(35 ILCS 200/18-206) Sec. 18-206. Decrease in extension for educational purposes. (a) Notwithstanding any other provision of law, for those school districts whose adequacy targets, as defined in Section 18-8.15 of this Code, exceed 110% for the school year that begins during the …

(35 ILCS 200/18-210) Sec. 18-210. Establishing a new levy. Except as provided in Section 18-215, as it relates to a transfer of a service, before a county clerk may extend taxes for funds subject to the limitations of this Law, a new taxing district or a taxing district with an a…

(35 ILCS 200/18-212) Sec. 18-212. Referendum on debt service extension base. A taxing district may establish or increase its debt service extension base if (i) that taxing district holds a referendum before the date on which the levy must be filed with the county clerk of the cou…

(35 ILCS 200/18-213) Sec. 18-213. Referenda on applicability of the Property Tax Extension Limitation Law. (a) The provisions of this Section do not apply to a taxing district subject to this Law because a majority of its 1990 equalized assessed value is in a county or counties c…

(35 ILCS 200/18-214) Sec. 18-214. Referenda on removal of the applicability of the Property Tax Extension Limitation Law to non-home rule taxing districts. (a) The provisions of this Section do not apply to a taxing district that is subject to this Law because a majority of its 1…

(35 ILCS 200/18-215) Sec. 18-215. Merging and consolidating taxing districts; transfer of service. For purposes of this Law, when 2 or more taxing districts merge or consolidate, the sum of the last preceding aggregate extensions for each taxing district shall be combined for the…

(35 ILCS 200/18-225) Sec. 18-225. Annexed or disconnected property. If property is annexed into the taxing district or is disconnected from a taxing district during the current levy year, the calculation of the limiting rate under Section 18-185 is not affected. The rates as limi…

(35 ILCS 200/18-230) Sec. 18-230. Rate increase or decrease factor. Only when a new rate or a rate increase or decrease has been approved by referendum held prior to March 22, 2006, the aggregate extension base, as adjusted in Section 18-215, shall be multiplied by a rate increas…

(35 ILCS 200/18-233) Sec. 18-233. Adjustments for certificates of error, certain court orders, or final administrative decisions of the Property Tax Appeal Board. Beginning in levy year 2021, a taxing district levy shall be increased by a prior year adjustment whenever an assessm…

(35 ILCS 200/18-235) Sec. 18-235. Tax increment financing districts. Extensions allocable to a special tax allocation fund and the amount of taxes abated under Sections 18-165 and 18-170 are not included in the aggregate extension base when computing the limiting rate. (Source: P…

(35 ILCS 200/18-240) Sec. 18-240. Certification of new property. (a) The township assessor, the multi-township assessor, the chief county assessment officer, the board of review, and the board of appeals shall cause the assessed value attributable to new property to be entered an…

(35 ILCS 200/18-241) Sec. 18-241. School Finance Authority and Financial Oversight Panel. (a) A School Finance Authority established under Article 1E of the School Code shall not be a taxing district for purposes of this Law. A Financial Oversight Panel established under Article …