Property Tax Appeal Board Decision 2005-22005-C-1 Chionis

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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:
Docket No. Parcel No. Land Impr. Total
05-22005.001-C-1 23-01-302-003-0000 $60,389 $19,491 $79,880
05-22005.002-C-1 23-01-302-004-0000 $23,860 $0 $23,860
Subject only to the State multiplier as applicable.
PTAB/smw/05-22005/2-08
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Angelo Chionis
DOCKET NO.: 05-22005.001-C-1 & 05-22005.002-C-1
PARCEL NO.: 23-01-302-003-0000 & 23-01-302-004-0000
The parties of record before the Property Tax Appeal Board are
Angelo Chionis, the appellant, by attorney Michael J. Elliott of
Elliott & Associates, Des Plaines; and the Cook County Board of
Review.
The subject property is improved with a one-story masonry
constructed commercial retail building that has 2,862 square
feet of building area. The building is approximately 20 years
old. The improvements are located on a 57,486 square foot
parcel located in Hickory Hills, Palos Township, Cook County.
The appellant contends the market value of the subject property
was not accurately reflected in its assessed valuation. In
support of this overvaluation argument the appellant submitted a
narrative appraisal estimating the subject property had a market
value of $273,000 as of January 1, 2005. The appellant also
submitted a copy of the final decision issued by the Cook County
Board of Review establishing a total assessment for the subject
of $137,616, which reflects a market value of approximately
$362,150 using the Cook County Real Property Assessment
Classification Ordinance level of assessments for class 5A
property of 38%. The appellant also provided a copy of a
decision issued by the Property Tax Appeal Board the prior year
under Docket Number 04-20048.001-C-1. In that appeal the
Property Tax Appeal Board issued a decision reducing the
assessment on parcel 21-01-302-003-0000 to $112,860 based on an