Property Tax Appeal Board Decision 2004-01668-R-1 Jennings

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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 Tazewell County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 9,950
IMPR.: $ 21,217
TOTAL: $ 31,167
Subject only to the State multiplier as applicable.
PTAB/smw/04-01668/12-07
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: James Jennings
DOCKET NO.: 04-01668.001-R-1
PARCEL NO.: 10-10-11-108-008
The parties of record before the Property Tax Appeal Board are
James Jennings, the appellant, by attorney Robert Smith of
Moehle, Swearingen & Umholtz, Pekin; and the Tazewell County
Board of Review by Assistant State's Attorney Michael Holly.
The subject property consists of one and one-half story single
family dwelling that contains 1,655 square feet of living area.
The dwelling includes a full basement, central air conditioning,
a fireplace and a two-car attached garage. The dwelling has a
brick and vinyl exterior and was completed in June 2004. The
property is located on a 20,500 square foot site in the Deerfield
Estates Subdivision, Pekin, Cincinnati Township, Tazewell County.
The appellant and his attorney appeared before the Property Tax
Appeal Board contending the assessment of the subject property is
excessive based on a recent appraisal and a contention of law as
checked on section 2e of the residential appeal form. In support
of these arguments the appellant submitted an appraisal
estimating the subject property had a market value of $187,000 as
of May 25, 2004. The appellant also submitted a copy of a
closing statement indicating the subject property was purchased
from Douglas and Darla Armbrust in June 2004 for a price of
$184,000. On the appeal form the appellant asserted the subject
property was listed on the open market with a real estate firm
and the parties to the transaction were not related.
The appellant also submitted a brief outlining his argument. The
appellant argued that the Tazewell County Board of Review did not
uniformly assess newly constructed dwellings where occupancy
permits have been issued. The appellant stated the subject's
property record card indicated the board of review placed an
"instant assessment" on the subject property but the Property Tax
Code does not provided for an "instant assessment". The