Once the rebuttal period has ended where no hearing was requested or once the hearing before the Property Tax Appeal Board has been
terminated and all briefs and any required additional documentation
are received, the Board renders its decision. A majority of the Board
is necessary to make a decision. See Rule §1910.50(e).
Assessments set by the Property Tax Appeal Board are subject only to
the state equalization factor as established by the Illinois Department of
Revenue. See Rule §1910.10(b).
- Section 16-185 of the Code, 35 ILCS 200/16-185, provides:
- The extension of taxes on any such assessment so appealed
shall not be delayed by any proceeding before the Board, and, in
case the assessment is altered by the Board, any taxes extended upon
the unauthorized assessment or part thereof shall be abated, or, if
already paid, shall be refunded with interest as provided in Section
This provision is authority for the county treasurer to issue a
refund once the decision of the Property Tax Appeal Board reducing the assessment is final.
Interest will be paid on
refunds generated from Property Tax Appeal Board decisions. Interest
begins from the date taxes are due or the date paid, whichever is
later. The Property Tax Appeal Board can correct or revise its
decisions, once rendered, at any time before the expiration of the
administrative review filing period as provided in the Administrative Review Law if a
mistake in the calculation of an assessment or other clerical error is
discovered. See Rule §1910.50(d). However, the Board's
enabling statute provides no means for rehearing or reconsideration of
its decisions for substantive reasons.