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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 Cook County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 6,028
IMPR.: $ 19,387
TOTAL: $ 25,415
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Konan Lee
DOCKET NO.: 05-26434.001-R-1
PARCEL NO.: 07-14-306-060-0000
The parties of record before the Property Tax Appeal Board are Konan Lee, the appellant, by attorney Julie Realmuto of McCarthy & Duffy, Chicago, Illinois; and the Cook County Board of Review.
The subject property consists of a 36-year old, one-story style dwelling of frame and masonry construction containing 1,681 square feet of living area constructed on a concrete slab foundation with one fireplace and a two-car garage.
The appellant submitted evidence before the Property Tax Appeal Board claiming unequal treatment in the assessment process as the basis of the appeal. In support of the equity argument, the appellant submitted a grid analysis detailing four suggested comparable properties. The appellant's map indicates the comparables are located approximately one-half mile from the subject. The comparables are one-story frame and masonry dwellings that are 48 or 49 years old. The comparables contain from 1,665 to 1,761 square feet of living area and have improvement assessments ranging from $8.72 to $8.83 per square foot. The subject property has an improvement assessment of $11.53 per square foot. Based on this evidence, the appellant requested a reduction in the subject's improvement assessment.
The board of review submitted its "Board of Review Notes on Appeal" wherein the subject's final assessment was disclosed. In support of the subject's assessment, the board of review offered the property characteristic sheets and a spreadsheet detailing four suggested comparable properties that are located within three blocks of the subject. The comparable properties consist of one-story frame and masonry dwellings that are between 36 and 44 years old. The dwellings contain from 1,353 to 1,511 square feet of living area and have improvement assessments ranging from $11.57 to $13.24 per square foot. Based on this evidence, the board of review requested confirmation of the subject's assessment.