Property Tax Appeal Board Decision 2005-00646-R-1 Fishman

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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 Lake County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 243,832
IMPR.: $ 250,642
TOTAL: $ 494,474
Subject only to the State multiplier as applicable.
PTAB/MRT/2/19/08
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: David Fishman
DOCKET NO.: 05-00646.001-R-1
PARCEL NO.: 12-31-405-018
The parties of record before the Property Tax Appeal Board are
David Fishman, the appellant, by attorney Thomas M. Battista of
Rock, Fusco & Associates, LLC, in Chicago, and the Lake County
Board of Review.
The subject property consists of a 141,570 square foot parcel
improved with a 7 year-old, two-story style brick dwelling that
contains 4,394 square feet of living area. Features of the home
include central air-conditioning, two fireplaces, a 928 square
foot garage, a full unfinished basement and an in-ground swimming
pool.
Through his attorney, the appellant submitted evidence to the
Property Tax Appeal Board claiming unequal treatment in the
assessment process regarding the subject's improvements and
overvaluation as the bases of the appeal. In support of the
inequity argument, the appellant submitted a grid analysis of
three comparable properties located on the subject's street. The
appellant reported the comparables range in age from 5 to 10
years and range in size from 3,425 to 4,086 square feet of living
area. Features of the comparables include one or two fireplaces,
garages that contain from 690 to 856 square feet of building area
and full or partial basements with finished areas ranging from
943 to 1,200 square feet. The appellant did not indicate the
comparables' design or exterior construction. These properties
have improvement assessments ranging from $147,896 to $227,711 or
from $43.18 to $55.73 per square foot of living area. The
subject has an improvement assessment of $250,642 or $57.04 per
square foot of living area.
In support of the overvaluation argument, the appellant submitted
sales information on the same three properties used to support