35 ILCS 200/10-50

Current through Public Act 103-1056

Section 35 ILCS 200/10-50 - [Effective Until 1/1/2025] Valuation after 8 year valuation period

For the 4 years after the expiration of the 8-year valuation period, the valuation for purposes of computing the assessed valuation shall be as follows:

For the first year, the base year valuation plus 25% of the adjustment in value.

For the second year, the base year valuation plus 50% of the adjustment in value.

For the third year, the base year valuation plus 75% of the adjustment in value.

For the fourth year, the then current fair cash value.

35 ILCS 200/10-50

P.A. 82-1023; 88-455.

This section is set out more than once due to postponed, multiple, or conflicting amendments.