35 ILCS 200/16-15

Current through Public Act 103-1052
Section 35 ILCS 200/16-15 - Adjustments to prior year's assessments

Each county clerk shall compile final adjustments made during the preceding calendar year by the State Property Tax Appeal Board to the aggregate assessed value of a school district for which such adjustments are greater than $250,000 or 2% of the aggregate assessed value of a school district, whichever is less, and report that information to the Department. By July 1 annually, the Department shall transmit the adjusted assessments reported since the prior July 1 to the Illinois State Board of Education for purposes of calculating the amount of State aid to be apportioned to the various school districts under the School Code.

35 ILCS 200/16-15

P.A. 86-237; 88-455.