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SB3938 • 2026
PROPERTY TAX-SITE VALUE
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
PROPERTY TAX-SITE VALUE
Added as Co-Sponsor Sen. Neil Anderson
Filed with Secretary by Sen. Chris Balkema
First Reading
Referred to Assignments
PROPERTY TAX-SITE VALUE
Illinois General Assembly - Full Text of SB3938 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. 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Full Text of SB3938 Home Legislation Full Text SB3938 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB3938 Introduced 2/6/2026, by Sen. Chris Balkema SYNOPSIS AS INTRODUCED: 35 ILCS 200/Art. 31.1 heading new 35 ILCS 200/31.1-1 new 35 ILCS 200/31.1-5 new 35 ILCS 200/31.1-10 new Amends the Property Tax Code. Creates the Site Value Tax Law within the Property Tax Code. Provides that each taxing district may, by ordinance, levy a site value tax upon the assessed value of land within the taxing district. Provides that "assessed value" means 33 1/3% of the fair cash value of the land, without regard to buildings, structures, improvements, or other permanent fixtures on the land, except for the value of oil, gas, coal, and other minerals in the land and the right to remove such oil, gas, coal, and other minerals from the land. Contains provisions concerning enforcement and collection. Effective immediately. LRB104 19880 HLH 33330 b A BILL FOR SB3938 LRB104 19880 HLH 33330 b 1 AN ACT concerning revenue. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Property Tax Code is amended by adding 5 Article 31.1 as follows: 6 (35 ILCS 200/Art. 31.1 heading new) 7 Article 31.1. Site Value Tax Law 8 (35 ILCS 200/31.1-1 new) 9 Sec. 31.1-1. Short title. This Article may be cited as the 10 Site Value Tax Law. 11 (35 ILCS 200/31.1-5 new) 12 Sec. 31.1-5. Site value tax authorized. In addition to any 13 other tax authorized under this Code, each taxing district 14 may, by ordinance, levy a site value tax upon the assessed 15 value of land within the taxing district. Taxes under this 16 Article shall be levied uniformly by valuation within the 17 taxing district. 18 As used in this Section, "assessed value" means 33 1/3% of 19 the fair cash value of the land, without regard to buildings, 20 structures, improvements, or other permanent fixtures on the 21 land, except for the value of oil, gas, coal, and other SB3938 - 2 - LRB104 19880 HLH 33330 b 1 minerals in the land and the right to remove such oil, gas, 2 coal, and other minerals from the land. 3 (35 ILCS 200/31.1-10 new) 4 Sec. 31.1-10. Collection of site value tax; enforcement. 5 The tax under this Article shall be collected in accordance 6 with the procedures established for the collection of property 7 taxes under Article 20 of this Code. For the purpose of 8 collecting the tax under this Article, taxpayers shall be 9 subject to the due dates and enforcement actions, and shall 10 have the rights, remedies, and privileges, set forth in 11 Articles 21, 22, and 23 of this Code with respect to the taxes 12 under this Article. 13 Section 99. Effective date. This Act takes effect upon 14 becoming law. Footer Disclaimer This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies. Read About Cookies ILGA.GOV 2026 ILGA.gov | All Rights Reserved | ADA | Disclaimers | Learn This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. 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