HB4667 Summary

• Requires township assessors or chief county assessment officers in counties with 300,000-3,000,000 residents to provide property owners with a description of their assessed property, valuation, assessment method, comparable properties used, and other supporting information upon request.

• Allows assessors to provide equalization factors and explanation of how equalization affects assessment in lieu of detailed assessment methodology, with property owners able to request additional detailed statements.

• Authorizes county boards to establish additional qualifications for board of review members beyond statutory requirements through ordinance or resolution.

• Requires assessors in counties with 300,000-3,000,000 residents to maintain and submit to the chief county assessment officer a list of all properties with equalized assessed value increases exceeding 15% over the previous year (excluding new construction).

• Requires chief county assessment officers to publish on the county website a report of all equalized assessed valuations reduced from township assessor valuations, organized by property class and township.

• Establishes annual assemblies conducted by the Department with supervisors of assessment and board of review members to provide written instructions on assessment uniformity and procedures.