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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 Sangamon County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 16,667
IMPR.: $ 76,569
TOTAL: $ 93,236
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Linda Goetz
DOCKET NO.: 07-04781.001-R-1
PARCEL NO.: 21-24.0-401-034
The parties of record before the Property Tax Appeal Board are Linda Goetz, the appellant, and the Sangamon County Board of Review.
According to the appellant's appeal petition, the subject property consists of a 9-year-old, one-story single family dwelling of frame and masonry exterior construction and containing 2,239 square feet of living area. The dwelling features central air conditioning, a fireplace, a 2,000 square foot basement of which 900 square feet has been finished, and a two-car garage. The property is located in Sangamon County, Illinois.
The appellant claims overvaluation as the basis of the appeal which was filed with the Property Tax Appeal Board on May 2, 2008. In support of the overvaluation claim, appellant submitted a grid analysis of three suggested comparable properties in the subject's subdivision with sales data. The comparables consist of one-story masonry or frame and masonry constructed dwellings that were 6 or 12 years old. The comparables range in size from 1,900 to 2,189 square feet of living area. Each comparable has central air conditioning, a fireplace, and a two or two and one-half car garage. Each dwelling also features a basement ranging in size from 1,000 to 1,900 square feet of building area with finished area ranging from 600 to 1,029 square feet. Each comparable is further described as having either a sun porch or a screened porch. These properties sold between June 2006 and April 2007 for prices ranging from $195,000 to $234,500 or from $90.70 to $113.16 per square foot of living area, including land. The subject's equalized assessment results in an estimated fair market value of $291,968 or $130.40 per square foot of living area, including land, based on the 2007 three-year median level of assessments for Sangamon County of 32.32%.
The evidence further revealed that the appellant did not file a 2007 assessment complaint with the board of review but filed an appeal directly to the Property Tax Appeal Board following