Property Tax Appeal Board Decision 2004-25810-R-1 Bone

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Based on the facts and exhibits presented, the Property Tax
Appeal Board hereby finds no change in the assessment of the
property as established by the Cook County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 2,000
IMPR.: $ 11,200
TOTAL: $ 13,200
Subject only to the State multiplier as applicable.
PTAB/BRW
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Tressie Bone
DOCKET NO.: 04-25810.001-R-1
PARCEL NO.: 16-02-314-039-0000
The parties of record before the Property Tax Appeal Board are
Tressie Bone, the appellant, by attorney Rusty A. Payton of the
Law Offices of Rusty A. Payton, P.C., Chicago, Illinois; and the
Cook County Board of Review.
The subject property is a 90-year old, two-story frame multi-family
dwelling containing 2,094 square feet of living area with
a slab foundation and a one-car garage.
The appellant submitted evidence before the Property Tax Appeal
Board claiming unequal treatment in the assessment process as the
basis of the appeal. In support of the equity argument, the
appellant submitted a grid analysis detailing four suggested
comparable properties. Five comparables were plotted on the
appellant's map, but only four were included on the grid
analysis. The four comparables listed on the grid analysis are
located approximately one-quarter to one-half mile from the
subject. The comparables are two-story or three-story masonry
dwellings that are 86 to 97 years old. Photographs submitted by
the appellant indicate that two of the comparables have business
entities on the first floor. One comparable has a full basement,
and three have partial basements. The comparables are said to
have living areas that contain 1,764 to 4,262 square feet, and
their improvement assessments range from $2.10 to $3.00 per
square foot. The subject property has an improvement assessment
of $5.35 per square foot. Based on this evidence, the appellant
requested a reduction in the subject's improvement assessment.
The board of review submitted its "Board of Review Notes on
Appeal" wherein the subject's assessment was disclosed. In
support of the subject's assessment, the board of review offered
property characteristic sheets and a spreadsheet detailing three