35 ILCS 200/10-440

Current through Public Act 103-1052
Section 35 ILCS 200/10-440 - Sale or Transfer of Unimproved Land

The sale or transfer of unimproved land does not affect the valuation of the land, unless there is a change in the use of the land or the acreage requirement is no longer met. Any tract of land containing less than 5 acres after a sale or transfer may be reclassified by the chief county assessment officer and valued as otherwise permitted by law. The taxpayer and the Department of Natural Resources may revise a conservation management plan whenever there is a change in the ownership of the affected land.

35 ILCS 200/10-440

Added by P.A. 095-0633,§ 5, eff. 10/1/2007.