Navigate Up
Sign In
 

Developer's Land

Section 10-30 of the Illinois Property Tax Code gives a preferential property assessment for acreage that is in transition from vacant land to a residential, commercial, or industrial use. The purpose of the preferential
assessment is to encourage real estate development by providing a tax incentive that protects a developer from paying increased taxes until a return on investment can be made.

Publication 134

Public Act 96-480 (Temporary "developer's relief assessment")

 

 

 

 

 

Enter PIN or Street Address:
Do Not Enter City, State or Zip

Google Translations are an approximation of the...