Property Tax Appeal Board Decision 2003-21214-R-1 Margulies

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Based on the facts and exhibits presented, the Property Tax
Appeal Board hereby finds a reduction 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: $ 175,947
IMPR.: $ 123,296
TOTAL: $ 299,243
Subject only to the State multiplier as applicable.
PTAB/mmg
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Fred Margulies
DOCKET NO.: 03-21214.001-R-1
PARCEL NO.: 05-06-404-037-0000
The parties of record before the Property Tax Appeal Board (PTAB)
are Fred Margulies, the appellant, by attorney David Bass of the
law firm of Thompson Coburn Fagel Haber, of Chicago, and the Cook
County Board of Review (board).
The subject property consists of 17-year-old, one-story, single-family
residence of masonry construction. The subject features
five full baths, air conditioning, one fireplace and a three-car
garage. The appellant contends unequal treatment in the
improvement assessment as the basis of the appeal. The subject
is located in New Trier Township.
There exists a dispute of the subject's correct square footage.
The board submitted evidence, via computer data, that the subject
is 7,383 square feet of living area. The appellant submitted a
floor plan from an appraisal taken of the subject, indicating the
correct size as 5,422 square feet of living area. The PTAB finds
that the best evidence of the subject's size is the room by room
measurements provided on the floor plan. Therefore, for purposes
of this appeal, the subject contains 5,422 square feet of living
area.
The appellant submitted assessment data and descriptions on four
properties located within the same neighborhood of the subject
property. The appellant also submitted photos of the subject and
the comparables along with assessor's website printouts. The
properties are each one-story or one and one half-story, single-family
residences of masonry or stucco construction, ranging in
age from 32 to 71 years. These properties contain: three to
four full baths; air conditioning; three have basements; three to
four fireplaces; and two or three car garages. They range in
size from 4,097 to 5,544 square feet of living area.