Illinois Class 9 affidavit (2016)

State:
Illinois
Control #:
IL-SKU-2016
Format:
PDF
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Description

Class 9 affidavit (2016)

An Illinois Class 9 Affidavit (2016) is a type of legal document that is used in the state of Illinois to legally transfer the title of a motor vehicle from one party to another. It is commonly used when a vehicle is bought or sold, gifted, or inherited. The Affidavit must be filled out accurately and completely in order to be legally valid. The two types of Illinois Class 9 Affidavit (2016) are the Title Transfer Affidavit and the Rebuilt Vehicle Affidavit. The Title Transfer Affidavit is used when transferring the title of a vehicle from one registered owner to another. It requires information such as the Vehicle Identification Number (VIN), make, model, year, and odometer reading. The Rebuilt Vehicle Affidavit is used when a vehicle has been rebuilt and is being registered for the first time. It requires information such as the Vehicle Identification Number (VIN), make, model, year, odometer reading, and a description of the work that was done to rebuild the vehicle. When filling out an Illinois Class 9 Affidavit (2016), it is important to make sure that all information is accurate and complete. The Affidavit must be signed by both the buyer and seller in order to be legally valid.

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FAQ

Cook County Class 9 Program offers a 50% reduction in assessments and taxes to developers who complete major rehab on multifamily buildings and keep rent below certain levels.

This annual exemption is available for property that is occupied as a residence by a person 65 years of age or older who is liable for paying real estate taxes on the property and is an owner of record of the property or has a legal or equitable interest therein as evidenced by a written instrument, except for a

Class C. Designed to encourage industrial and commercial development throughout Cook County by offering a tax incentive for the remediation of contaminated properties including abandoned property or vacant land.

The Class 7b classification is designed to encourage commercial development throughout Cook County by offering a real estate incentive for the development of new commercial facilities, the rehabilitation of existing commercial structures, and the commercial reutilization of abandoned buildings on properties that have

The Senior Exemption property tax savings each year is $8,000 in Equalized Assessed Value (EAV).

About the Class 8 Tax Incentive Qualifying buildings will be assessed at 10% of market value for 10 years, 15% in the 11th year and 20% in the 12th year. This is a significant reduction from the standard assessment level of 25% for industrial and commercial properties.

Incentive Benefits Properties receiving Class 6b will be assessed at 10% of market value for the first 10 years, 15% in the 11th year and 20% in the 12th year.

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Illinois Class 9 affidavit (2016)