86 Ill. Adm. Code 1910.72
Informal Settlement Conference
Section 1910.72 ย Informal Settlement Conference
The parties to any appeal are permitted to engage in
settlement discussions and negotiations outside of the presence of the Property
Tax Appeal Board and its hearing officers provided that the Board is advised in
writing by such parties of the disposition of the appeal by settlement
memoranda, signed agreement, stipulation, withdrawal, or otherwise, subject to
any further review and/or approval by the Board at any time during the pendency
of the appeal as may be required under this Part.