Sec. 10-15. Condominiums and cooperatives.
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/il/chapter-35/act-200/10-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 10-15. Condominiums and cooperatives. In counties with 200,000 or more inhabitants which classify property, condominiums occupied by the owner as a residence for a minimum of 6 months during the year and created in accordance with the provisions of the "Condominium Property Act", as well as land with improvements owned and operated as a cooperative, shall be assessed on the same basis of assessment as single family residences in such counties.