The act creates a special designation for under-utilized properties in south suburban communities. Properties that meet the qualifying criteria will be assessed at 50% of their last known equalized asset value, and for the first year of being certified as a Southland Reactivation Property, their total tax liability bill cannot exceed $100,000.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.