Property Tax Appeal Board Decision 2006-00736-R-1 Neff

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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: $ 55,276
IMPR.: $ 152,487
TOTAL: $ 207,763
Subject only to the State multiplier as applicable.
PTAB/MRT/3/18/08
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Miriam Neff
DOCKET NO.: 06-00736.001-R-1
PARCEL NO.: 14-26-301-019
The parties of record before the Property Tax Appeal Board are
Miriam Neff, the appellant, and the Lake County Board of Review.
The subject property consists of a one-story style brick dwelling
that contains 3,568 square feet of living area. Features of the
home include central air-conditioning, three fireplaces, a 986
square foot garage and a full basement with 2,996 square feet of
finished area. The subject is located in Kildeer, Ela Township,
Lake County.
The appellant contends the subject is inequitably assessed. In
support of this contention, the appellant submitted documentation
on four comparable properties. These comparables had improvement
assessments ranging from $128,674 to $163,740 or from $28.88 to
$39.76 per square foot of living area. The subject has an
improvement assessment of $152,487 or $42.74 per square foot of
living area. The record also disclosed the subject property is
an owner occupied residence that was the subject matter of an
appeal before the Property Tax Appeal Board the prior year under
docket number 05-00571.001-R-1. In that appeal the Property Tax
Appeal Board rendered a decision lowering the assessment of the
subject property based on an agreement of the parties.
The board of review submitted its "Board of Review Notes on
Appeal" wherein the subject's total assessment of $207,763 was
disclosed as well as a letter prepared by the township assessor,
with supporting documentation. This documentation includes
property record cards and grid analyses of three equity
comparables in support of the subject's improvement assessment
and three market value comparables in support of the subject's
estimated market value as reflected by its assessment.