The Board of Review shall determine the assessed value of any parcel of real property, which is the subject of an appeal. Their decision will be based on evidence presented at a public hearing and act as an equalizing authority.
The Board of Review shall act in conformance with 35 ILCS 20/16-20 through 16-90 of the Illinois Property Tax Code, which is briefly explained as follows:
In counties under township organization with less than 3,000,000 inhabitants in which no board of review is elected under Section 6-35, there shall be an appointed board of review to review the assessments made by the supervisor of assessments. When an appointed board of review already exists, successor shall be appointed and qualified to serve for terms of 2 years commencing on June 1st of the year appointed and qualified. Vacancies shall be filed in like manner as original appointments, for the balance of the unexpired term. A member of the board of review may be reappointed. No person may serve on the board of review who is not qualified by experience and training in property appraisal and property tax administration.
The board of review may meet at times it deems necessary for supervising and directing the clerk in the duties prescribed in this Article, and shall meet on or before the first Monday each June to revise the assessment property. The board of review, upon application of any property owner or upon its own motion may revise the entire assessment of any property owner or any part of the assessment as appears to it to be just.
On written complaint that any property is over assessed or under assessed, the board shall review the assessment, and correct it, as appears to be just, but in no case shall the property be assessed at a higher percentage of fair cash value than other property in the assessment district prior to equalization by the board or the department. The complaint shall be filed on or before 30 calendar days after the date of publication of the assessment list.
The board may also, at any time before its revision of the assessments is completed in every year, increase, reduce or otherwise adjust the assessment of any property, making changes in the valuation as may be just, and shall have full power over the assessment of any person and may do anything in regard thereto that it may deem necessary to make a just assessment, but the property shall not be assessed at a higher percentage of fair cash value than the assessed valuation of other property in the assessment district prior to equalization by the board or the department.
No assessment shall be increased until the person to be affected has been notified and given an opportunity to be heard, except as provided below. All complaints of errors in assessments of property shall be in writing, and shall be filed by the complaining party with the board of review, in duplicate. The board of review shall file the duplicate complaints with the township assessor. All taxing districts shall have an opportunity to be heard on those complaints that are seeking 100,000 or more assessed value reductions. Board of Review appeal process.
Determination of Exemptions
The board of review shall hear and determine the application of any person who is assessed on property claimed to be exempt from taxation. Detailed explanation of exemptions.
The final adjournment of the board of review shall not be later then December 31. If the work for that assessment year is not completed, the board of review shall, with the approval of the county board, recess on or before its adjournment date as specified above, until the clerk of the board of review notifies the members of the board of review in writing to return to session to complete their work. The board of review shall adjourn when the work for that assessment year is completed.