Property Tax Appeal Board Decision 2005-01946-R-1 Taft

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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 Sangamon County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 10,647
IMPR.: $ 53,547
TOTAL: $ 64,194
Subject only to the State multiplier as applicable.
PTAB/MRT/12/11/07
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Alex Taft
DOCKET NO.: 05-01946.001-R-1
PARCEL NO.: 13-34.0-200-010
The parties of record before the Property Tax Appeal Board are
Alex Taft, the appellant, and the Sangamon County Board of
Review.
The subject property consists of a 118,000 square foot parcel
improved with a one year-old, two-story style frame dwelling that
contains 2,400 square feet of living area. Features of the home
include central air-conditioning, two fireplaces, a full
unfinished basement and an 800 square foot garage.
The appellant appeared before the Property Tax Appeal Board
claiming unequal treatment in the assessment process regarding
the subject's land and improvements and overvaluation as the
bases of the appeal. In support of the land inequity argument,
the appellant submitted information on four comparable properties
located 0.5 mile to 1.8 miles from the subject. The comparables
range in size from 19,666 to 40,000 square feet of land area and
had land assessments ranging from $8,608 to $11,396 or from $0.22
to $0.58 per square foot of land area. The subject has a land
assessment of $10,647 or $0.09 per square foot.
In support of the improvement inequity argument, the appellant
submitted improvement information on the same four properties
used to support the land inequity contention. The comparables
consist of two-story style brick, frame, or stone and frame
exterior construction that range in age from 2 to 11 years and
range in size from 2,284 to 3,700 square feet of living area.
Features of the comparables include central air-conditioning,
garages that contain from 800 to 860 square feet of building area
and full or partial basements, three of which contain finished
areas of 600 or 800 square feet. These properties have
improvement assessments ranging from $44,704 to $51,100 or from
$19.23 to $22.38 per square foot of living area. The subject has