ILCS » Chapter 35 · Act 200
Illinois Compiled Statutes

35 ILCS 200/18-40 (2026)

Application of equalization factor

✓ current as of May 2026
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(35 ILCS 200/18-40)
    Sec. 18-40. Application of equalization factor. Each county clerk shall apply the percentages certified by the Department and enter the equalized valuations in the columns provided for that purpose. The percentages certified by the Department shall be applied to the assessed valuation of property, as corrected and equalized by the board of review, board of appeals, or local assessment officers. In all cases of extension of valuations where the equalized valuations are fractional, the clerk shall reject all fractions that fall below 50¢. Fractions of 50¢ or more shall be extended as $1.
    If the equalized assessed value of any property is less than $150 for an assessment year, the county clerk may declare the imposition and collection of all tax for that year to be extended on the parcel to be unfeasible and cancelled. No tax shall be extended or collected on the parcel for that year and the parcel shall not be sold for delinquent taxes.
(Source: P.A. 85-312; 88-455.)

    
Notes of Decisions
Cited in 1 case, 2007–2007 · leading case: Chicagoland Chamber of Com. v. Pappas (Ill. App. Ct. 2007).
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Chicagoland Chamber of Com. v. Pappas (Ill. App. Ct. 2007). · cites it 3× “35 ILCS 200/18-40, 18-45 (West 2004). The clerks, in turn, calculate the tax rate required to meet the levies by dividing the total taxable value of all the property in the taxing district.”
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