HB3225 Summary

• Exempts titleholders and beneficial interest owners of certain property categories from required annual affidavit filings under the Property Tax Code, including schools owned by public school districts, state property, municipal corporations, fire protection districts, park districts, and airport authorities.

• Maintains annual filing requirements for other exempt property types, including burial grounds in counties under 3 million inhabitants, hospitals, and disabled veteran properties, with January 31 filing deadlines.

• Allows property owners with 5 or more exempt parcels within a county to file a single annual affidavit covering all properties instead of individual affidavits for each parcel.

• Requires notice to be filed under Section 15-20 if any change in use or ownership occurs for exempted properties, regardless of filing status category.

• Takes effect immediately upon becoming law.