Illinois Compiled Statutes

60 ILCS 1/115-115 (2026)

Property tax exemption

✓ current as of May 2026
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(60 ILCS 1/115-115)
    Sec. 115-115. Property tax exemption. All property acquired by any township for open space purposes pursuant to an open space program as defined in this Article shall be exempt from real property taxation for assessment year 1988 and each assessment year thereafter.
(Source: P.A. 88-670, eff. 12-2-94.)

    
Notes of Decisions
Cited in 1 case, 2008–2008 · leading case: Springfield Sch. Dist. No. 186 v. Dep't of Revenue (Ill. App. Ct. 2008).
Springfield Sch. Dist. No. 186 v. Dep't of Revenue (Ill. App. Ct. 2008). “In Dundee Township, section 15-60 of the Code was construed together with section 115-115 of the Township Code (60 ILCS 1/115-115 (West 1998)). The Department argues by reading the sections together, the underlying legislative intent is property that would other- wise be tax…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.