An Illinois property owner receives an assessment notice and believes the assessed value is too high. Under current Illinois law, which of the following correctly describes the owner's options?
Correct Answer
C) The owner may file a complaint with the local board of review, and if still unsatisfied, may further appeal to the Property Tax Appeal Board or circuit court.
Under 35 ILCS 200/16-55 and related provisions, Illinois property owners have a structured, multi-level appeal process. The first step is typically filing a complaint with the local board of review within the statutory deadline after the assessment notice is mailed. If the board's decision is unsatisfactory, the owner may appeal to the Illinois Property Tax Appeal Board (PTAB) under 35 ILCS 200/16-160, or in some circumstances directly to the circuit court. No sale, minimum increase threshold, or third-party representative is required to initiate the process.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A special warranty deed guarantees that the grantor has not caused any title defects during their period of ownership, but does not warrant against defects that existed before the grantor acquired the property.
Title insurance is a policy that protects the insured party against financial loss from defects in title that were not discovered during the title search. Unlike other insurance, it covers past events rather than future risks.
A title search is an examination of public records to determine the history of ownership, liens, encumbrances, and other interests affecting a property. It verifies that the seller has the legal right to transfer the property.
More Transfer Of Title Questions
Which type of deed provides the grantee with the greatest protection against title defects from any point in the property's history?
Oklahoma uses which type of recording system?
Title insurance primarily protects against which of the following?
Which best describes a quitclaim deed?
What is Oklahoma's documentary stamp tax rate on real estate transfers?
- → In Oklahoma, real estate documents such as deeds are recorded with which office?
- → Under Arkansas law, what is the realty transfer tax rate charged when real property is conveyed?
- → In Arkansas, with which office are real estate deeds and other property documents officially recorded?
- → Arkansas uses which type of recording system to determine priority among competing claims to real property?
- → Which type of deed provides a buyer with the greatest protection against title defects, including those arising before the grantor's period of ownership?
- → A special warranty deed guarantees that the grantor will defend the title against claims arising from which of the following?
- → An abstract of title is best described as which of the following?
- → Delaware's realty transfer tax, which can total up to 4% of the purchase price, is considered:
- → Which of the following best describes the legal concept of escheat?
- → Title insurance primarily protects the policyholder against which of the following?
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