Current through Register Vol. 48, No. 38, September 20, 2024
a) County Clerks shall transmit annually to
the Department the following statements within 30 days after the date when the
collector's books are completed:
1) Summary
abstracts of valuations, levies, rates and extensions of taxes in their
respective counties on Form No. PTAX-250.
2) Abstracts of valuation, levies, rates and
extensions of taxes for tax districts in their respective counties on Form Nos.
PTAX-251, PTAX-252, PTAX-253 and PTAX-254.
3) Abstract of aggregate tax increment
equalized assessed valuation (current EAV less the initial EAV of the area),
rates, extensions, initial equalized assessed valuation, tax increment
financing extension that is based on parcel by parcel distribution and names of
taxing districts in Tax Increment Allocation Financing Redevelopment Project
Area, on Form No. PTAX-251-TIF.
4)
Abstracts of abatements, number and types of parcels and taxing districts for
general abatements of taxes on Form No. PTAX-255-TA.
5) Abstracts of valuations removed from rate
calculation, rates, amounts of taxes abated, number and types of parcels and
taxing districts for enterprise zones on Form No. PTAX-255-EZA.
6) Report of the names of new taxing
districts in the county, the name of the home county for each new taxing
district and the names of any overlapping counties for each new district on
Form No. PTAX-256.
b)
County clerks shall also transmit to the Department the following statements:
1) Abstracts of property assessments in their
respective counties within 30 days after receipt of assessment books from a
Board of Review or Board of Appeals on Form No. PTAX-260-A.
2) The creation of new and the dissolution of
old taxing districts and all changes in boundaries of existing districts shall
be reported within 30 days after any such creation, dissolution or change
becoming effective on Form No. PTAX-270.
3) Report of original equalized assessed
valuations and equalized assessed valuation changes for school districts due to
Property Tax Appeal Board decisions on Form No. PTAX-610 by April 30.
4) Report of any alterations to the taxing
districts that make up each aggregate rate within the county as identified on
the aggregate listing on the Department's PTA 205-10 report.
5) In counties with 3,000,000 or more
inhabitants, an annual list of the additional equalized assessed valuation loss
to schools due to the increase in the amount of the Senior Citizens Homestead
Exemption and the General Homestead Exemption as required by
105 ILCS
5/18-8 by April 1.
6) Within 30 days after receipt of a request
by the Department, certification of the portion of prior year equalized
assessed values of overlapping taxing districts in each township on Form No.
PTAX-292.
c) Boards of
Review in counties of fewer than 3,000,000 inhabitants shall transmit annually
to the Department reports of equalization of the various assessment districts
and reclassification of property in their respective counties within 10 days
after adjournment on Form Nos. PTAX-204 and 204-R.
d) County Treasurers shall annually, during
the month of December, transmit to the Department abstracts of taxes collected,
protested, delinquent and the net collections available for distribution in
their respective counties on Form No. PTAX-255.
e) Chief County Assessment Officers shall
transmit annually to the Department:
1)
Abstracts of local assessments of non-carrier real estate owned by a railroad
company on Form No. PTAX-538.
2)
Abstracts of property assessments and reclassification of property prior to
action by a Board of Review or Board of Appeals within 30 days after returning
the county assessment books for the entire county to the Board of Review or
Board of Appeals on Form Nos. PTAX-280-A and 280-R.
3) In counties of fewer than 3,000,000
inhabitants, reports of equalization of assessments, within 10 days after he or
she presents the verified assessment books to the Board of Review, on Form No.
PTAX-204-S/A.
4) Reports of
non-farm parcels which have a final assessed value for the year exceeding
$999,999 on Form No. PTAX-282.
