Property Tax Appeal Board Decision 2004-01356-R-1 Hutchinson

              (Continued on Next Page)
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 McHenry County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 60,879
IMPR.: $ 129,200
TOTAL: $ 190,079
Subject only to the State multiplier as applicable.
PTAB/EEB/Sept.07/2004-01356
1 of 5
PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Robert and Mary Lou Hutchinson
DOCKET NO.: 04-01356.001-R-1
PARCEL NO.: 10-17-302-004
The parties of record before the Property Tax Appeal Board are
Robert and Mary Lou Hutchinson, the appellants, and the McHenry
County Board of Review.
The subject property consists of a one-story, part two-story
masonry dwelling that was built in 1927 containing 3,800 square
feet of living area. Amenities include a partially finished
basement, an attached garage and a boat house. The subject
property consists of approximately .83 acres and has 110 feet of
waterfront situated on a bay area of Pistakee Lake.
The appellants submitted evidence before the Property Tax Appeal
Board claiming unequal treatment in the assessment process
concerning the subject's land assessment as the basis of the
appeal. The appellants are not challenging the improvement
assessment. In support of the inequity claim, the appellants
submitted four comparable properties located in close proximity
to the subject. The comparables are depicted as improved lots
ranging from .8 acres to 4.47 acres. Three of the comparables
are situated immediately next to the subject property. The
comparables have waterfronts ranging from 55 feet to 91 feet and
have land assessments ranging from $36,527 to $86,950 or from
$0.45 to $1.42 per square foot of land area. The subject is
depicted as having a land assessment of $60,879 or $1.68 per
square foot of land area. Based on this evidence, the appellants
requested a reduction in the subject's land assessment to $40,895
or $1.13 per square foot of land area.
The board of review presented its "Board of Review Notes on
Appeal" wherein the subject property’s total final assessment of
$190,079 was disclosed with the land portion being $60,879. In
response to the appeal, the board of review submitted a letter
prepared by the township assessor, maps and an analysis detailing