HomeMy WebLinkAboutRESOLUTIONS-1980-068-R-80i�
9/26/80
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68-R-80
A RESOLUTION
In Support of Amending the
i; Assessment Procedures for
li Properties Assigned New Tax
Identification Numbers
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WHEREAS, Chapter 12, Section 525, of the Revenue Act requires
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the Assessor to assess all real property in the year in which it becomes
listed for tax purposes; and
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{� WHEREAS, the new assessment level is assigned in non -quadrennial
years, at statutory or ordinance assessment level; and
j WHEREAS, new assessments at statutory or ordinance levels applied
in intervening years place the owner of the property, which has been newly
assessed, at a distinct disadvantage to comparable properties of similar
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value which have been assessed for the same year at previous quadrennial
year values; and
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WHEREAS, Article IX, Section 4 of the Illinois Constitution
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provides that:
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�j "taxes upon real property shall be levied uniformly
by valuation ascertained as the General Assembly
j` shall provide by law...
i� subject to such limitations as the General Assembly
may hereafter prescribe by law... counties may classify
real property for purposes of taxation ... and assessments
�s shall be uniform within each class."
NOW, THEREFORE, BE IT RESOLVED that the Evanston City Council
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and the Evanston Town Board of Auditors strongly urges bi-partisan sponsor-
ship in the General Assembly of an amendment to Section 525 of the Revenue
Act which would provide for the following adjustments to the assessment
• jj levels assigned to newly listed properties assessed in intervening years
j� for tax purposes:
li 1. The property should be valued at fair market value in the year
"+ it is first valued for tax purposes.
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2. The assessment ra:ti.o assigned should be the median level of
assessmentratios for that class of property in that township for
that year.
' 68-R-80
3. The median level of assessments for classes of property by
�� • township for each year shall be determined by the Property
Tax Administration Bureau of the Department of Revenue.
+ 4. The median level of assessments, as determined by the Revenue
i Department shall be applied by the primary assessing official `
for the taxing
jurisdiction.
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o�Vown Board of Auditors May !
AT T ST:
Ci-- "Cl,erk/`
Adopted: cX v 1980.
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