SB2336 Summary

• Requires plaintiffs seeking a change in assessed valuation of $100,000 or more to send a copy of the initial complaint to the custodian of funds of each affected taxing district on the filing date.

• Grants taxing districts the unconditional right to intervene in tax objection cases where a $100,000 or more change in assessed valuation is sought.

• Amends Section 23-10 of the Property Tax Code regarding tax objection procedures and notification requirements.

• Takes effect immediately upon becoming law.