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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 Kane County Board of Review is
warranted. The correct assessed valuation of the property is:
Docket No. Parcel No. Land Improv. Total
05-01045.001-R-3 05-13-200-020 655 0 $655
05-01045.002-R-3 05-13-200-022 2,439 0 $2,439
05-01045.003-R-3 05-13-200-024 744 0 $744
05-01045.004-R-3 05-13-476-015 29,571 1 $29,572
05-01045.005-R-3 05-13-476-017 6,375 0 $6,375
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Wyndham Deerpoint
DOCKET NO.: 05-01045.001-R-3 through 05-01045.005-R-3
PARCEL NO.: See Below
The parties of record before the Property Tax Appeal Board are Wyndham Deerpoint, the appellant, by attorney Gary L. Taylor of Rathje & Woodward, LLC in Wheaton, Illinois, and the Kane County Board of Review.
The subject property consists of five individual parcels that range in size from 1.15-acres to 37.68-acres totaling approximately 70 acres. Four of the parcels were assessed and taxed as farmland in 2004. On September 30, 2005 the parcels were assigned new parcel numbers by the Plato Township Assessor and reassessed as "division" property1, whereby the 2005 assessments increased from the 2004 assessment levels. On November 18, 2005, the parcels were subdivided and platted as "Unit One" of the Tall Oaks Subdivision. One of the parcels (PIN No. 05-13-476-015) contained a dilapidated farm house in very poor condition that was razed in 2005 and its improvement assessment was reduced to $1 by the board of review to reflect its removal.
The appellant, through counsel, appeared before the Property Tax Appeal Board claiming that pursuant to Section 35 ILCS 200/10-30 of the Property Tax Code, the appropriate assessments for the parcels in 2005 would be equal to the assessment values placed on
PIN No. 05-13-200-008 (farmland) became 05-13-200-020 (residential)
PIN No. 05-13-200-010 (farmland) became 05-13-200-022 (residential)
PIN No. 05-13-200-006 (farm w/ bldg) became 05-13-200-024 (residential)
PIN No. 05-13-476-012 (residential) was deleted and along with PIN No.
05-13-476-010 (farm w/ bldg.) became 05-13-476-015
PIN No. 05-13-476-013 (farmland) and 05-13-476-010 (farmland) became