PROP TX-ASSESSMENT Senate SponsorsSen. Don Harmon 1/10/2023SenateSession Sine Die 20 ILCS 2505/2505-805 new35 ILCS 200/9-151 new35 ILCS 200/12-36 newAmends the Department of Revenue Law of the Civil Administrative Code of Illinois. Requires the Department of Revenue to conduct a property tax assessment process study. Amends the Property Tax Code. Limits the increase in the assessment of any commercial or residential property to 15% over the assessed value in the previous tax year and 40% in any 3-year period. Provides that the limitation shall apply in counties with 3,000,000 or more inhabitants and may apply in other counties by ordinance or resolution of the county board. Provides that, in counties with 3,000,000 or more inhabitants, whenever the chief county assessment officer of the county substantively changes the procedure by which he or she assesses properties, the chief county assessment officer shall hold a 60-day public comment period to receive input from members of the public before the change takes effect. 1/21/2022SenateFiled with Secretary by Sen. Antonio Muņoz 1/21/2022SenateFirst Reading 1/21/2022SenateReferred to Assignments 2/1/2022SenateAssigned to Revenue 2/10/2022SenateDo Pass Revenue; 011-000-000 2/10/2022SenatePlaced on Calendar Order of 2nd Reading February 15, 2022 2/24/2022SenateSecond Reading 2/24/2022SenatePlaced on Calendar Order of 3rd Reading February 25, 2022 2/25/2022SenateRule 3-9(a) / Re-referred to Assignments 10/21/2022SenateChief Sponsor Changed to Sen. Don Harmon 1/10/2023SenateSession Sine Die