Property Tax Appeal Board Decision 2004-24104-R-1 Festenstein

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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: $5,607
IMPR.: $17,980
TOTAL: $23,587
Subject only to the State multiplier as applicable.
PTAB/CKG
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Gerald Festenstein
DOCKET NO.: 04-24104.001-R-1
PARCEL NO.: 09-15-213-036-0000
The parties of record before the Property Tax Appeal Board are
Gerald Festenstein, 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 consists of a 42-year old, two-story
townhouse of frame and masonry construction containing 1,612
square feet of living area with a partial, unfinished basement
and central air conditioning.
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 located in close proximity to the subject
according to the property index numbers. The appellant’s map
shows the location of comparables not listed on the grid
analysis. The comparables are two-story frame and masonry
townhouses that are 41 years old with no basements and central
air conditioning. Their living areas are 1,632 square feet in
size, and have improvement assessments of $7.49 to $8.20 per
square foot. The subject property has an improvement assessment
of $11.15 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 final assessment was disclosed. In
support of the subject's assessment, the board of review offered
the property characteristic sheets and a spreadsheet detailing
four suggested comparable properties located in close proximity
to the subject. The comparable properties consist of two-story
frame and masonry townhouses that are 42 or 43 years old with