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ARTICLE IX. REVENUE.
SECTION 6. EXEMPTIONS FROM PROPERTY TAXATION
The General Assembly by law may exempt from taxation only
the property of the State, units of local government and
school districts and property used exclusively for
agricultural and horticultural societies, and for school,
religious, cemetery and charitable purposes. The General
Assembly by law may grant homestead exemptions or rent
credits.
SECTION 7. OVERLAPPING TAXING DISTRICTS
The General Assembly may provide by law for fair
apportionment of the burden of taxation of property situated
in taxing districts that lie in more than one county.
SECTION 8. TAX SALES
(a) Real property shall not be sold for the nonpayment
of taxes or special assessments without judicial proceedings.
(b) The right of redemption from all sales of real
estate for the nonpayment of taxes or special assessments,
except as provided in subsections (c) and (d), shall exist in
favor of owners and persons interested in such real estate
for not less than 2 years following such sales.
(c) The right of redemption from the sale for nonpayment
of taxes or special assessments of a parcel of real estate
which: (1) is vacant non-farm real estate or (2) contains an
improvement consisting of a structure or structures each of
which contains 7 or more residential units or (3) is
commercial or industrial property; shall exist in favor of
owners and persons interested in such real estate for not
less than one year following such sales.
(d) The right of redemption from the sale for nonpayment
of taxes or special assessments of a parcel real estate
which: (1) is vacant non-farm real estate or (2) contains an
improvement consisting of a structure or structures each of
which contains 7 or more residential units or (3) is
commercial or industrial property; and upon which all or a
part of the general taxes for each of 2 or more years are
delinquent shall exist in favor of owners and persons
interested in such real estate for not less than 6 months
following such sales.
(e) Owners, occupants and parties interested shall be
given reasonable notice of the sale and the date of
expiration of the period of redemption as the General
Assembly provides by law.
(Source: Amendment adopted at general election November 6,
1990.)
(Source: Illinois Constitution.)
