Illinois Statutes
§ 10-130 — Farmland valuation; counties of 3,000,000 or more
Illinois § 10-130
JurisdictionIllinois
TopicGOVERNMENT
Ch. 35REVENUE
Act 35 ILCS 200/Property Tax Code.
Art.Title 3 - Valuation and Assessment
This text of Illinois § 10-130 (Farmland valuation; counties of 3,000,000 or more) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
35 Ill. Comp. Stat. 10-130 (2026).
Text
In counties with more than 3,000,000 inhabitants, the equalized assessed value per acre of farmland shall be the lesser of either 16% of the fair cash value of the farmland estimated at the price it would bring at a fair, voluntary sale for use by the buyer as a farm as defined in Section 1-60, or 90% of the 1983 average equalized assessed value per acre certified by the Department.
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Legislative History
(Source: P.A. 86-954; 88-455.)
Nearby Sections
15
§ 10
Definitions§ 10-1
Short title§ 10-10
Definitions§ 10-100
Liability for prior year's taxes§ 10-105
Interstate bridges§ 10-110
Farmland§ 10-140
Other improvements§ 10-145
Farm dwellings§ 10-147
Former farm; open space§ 10-15
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Bluebook (online)
Illinois § 10-130, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/35/10-130.