Sec. 1-55. 33 1/3%.
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/il/chapter-35/act-200/1-55A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1-55. 33 1/3%. One-third of the fair cash value of property, as determined by the Department's sales ratio studies for the 3 most recent years preceding the assessment year, adjusted to take into account any changes in assessment levels implemented since the data for the studies were collected.