IL HB3480

Requires county assessors in counties with less than 3,000,000 inhabitants to mail a notice of assessment to each taxpayer in each taxable year, rather than only when assessments change.

Requires county assessors in counties with 3,000,000 or more inhabitants to send a notice of assessment to the owner of record of each parcel of property in each taxable year.

Mandates assessment notices include previous year's assessed value, current assessed value, percentage change, full fair market value, assessor contact information, reasons for increases where practicable, and information about homestead exemptions.

Requires notices to inform taxpayers of the appeal process, deadlines for filing board of review appeals (30 days after publication), and the relationship between assessments and tax bills.

Takes effect immediately upon becoming law.