Property Tax Appeal Board Decision 2005-01406-R-3 Levin

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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 Lake County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 395,094
IMPR.: $ 627,586
TOTAL: $ 1,022,680
Subject only to the State multiplier as applicable.
PTAB/MRT/10/9/07
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Ronald & Felicia Levin
DOCKET NO.: 05-01406.001-R-3
PARCEL NO.: 17-31-302-168
The parties of record before the Property Tax Appeal Board are
Ronald & Felicia Levin, the appellants, by attorney Derek Lax of
Laser, Pokorny, Schwartz, Friedman & Economos, P.C., in Chicago,
the Lake County Board of Review and North Shore School District
No. 112, the intervenor, by attorney Robert E. Swain of Hodges,
Loizzi, Eisenhammer, Rodick & Kohn, in Arlington Heights.
The subject property consists of an 83,200 square foot parcel
improved with an 8,047 square foot brick dwelling constructed in
2000. The 1.75-story home has features that include central air-conditioning,
two fireplaces, an 831 square foot garage and a
partial basement with 2,400 square feet of finished area.
Through their attorney, the appellants appeared before the
Property Tax Appeal Board claiming unequal treatment in the
assessment process regarding the subject's land and improvements
as the basis of the appeal. In support of the land inequity
contention, the appellants submitted information on three
comparable properties located in the same assessor's assigned
neighborhood code as the subject. The comparable lots range in
size from 26,384 to 51,100 square feet of land area and have land
assessments ranging from $215,915 to $353,998 or from $6.92 to
$8.18 per square foot. The subject has a land assessment of
$395,094 or $4.75 per square foot of land area. Based on this
evidence, the appellants requested a reduction in the subject's
land assessment.
In support of the improvement inequity contention, the appellants
submitted improvement assessment information on the same three
comparables used to support the land inequity argument. The
comparable dwellings were reported to consist of two-story style