{"data":{"id":"us-il/35-ilcs-200-10-420","jurisdiction":"us-il","citation":"35 ILCS 200/10-420","heading":"Special valuation of managed land; exceptions.","body":"(a) In all counties, except for Cook County, beginning with assessments made in 2008 and thereafter, managed land for which an application has been approved under Section 10-415 that contains 5 or more contiguous acres is valued at 5% of its fair cash value.\n(b) The special valuation under this Section does not apply to (i) any land that has been assessed as farmland under Sections 10-110 through 10-145, (ii) land valued under Section 10-152 or 10-153, (iii) land valued as open space under Section 10-155, (iv) land certified under Section 10-167, or (v) any property dedicated as a nature preserve or a nature preserve buffer under the Illinois Natural Areas Preservation Act and assessed in accordance with subsection (e) of Section 9-145.","path":["CHAPTER 35 REVENUE","Property Tax Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=596\u0026ChapterID=8\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:20Z","sha256":"0ba35acdafb799991b86cc633defe691f4945863a2008c17e68900f517df5eaf","source_id":"us-il","stale":false,"prev":"us-il/35-ilcs-200-10-415","next":"us-il/35-ilcs-200-10-425"},"notice":"GroundRules: Original legal text. Not legal advice."}