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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 Cook County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 25,612
IMPR.: $ 68,174
TOTAL: $ 93,786
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Barbara Ofman
DOCKET NO.: 04-27293.001-R-1
PARCEL NO.: 04-01-200-008-0000
The parties of record before the Property Tax Appeal Board are Barbara Ofman, the appellant, by attorney Arnold G. Siegel, of Chicago, Illinois; and the Cook County Board of Review.
The subject property is improved with an 89-year old, two-story dwelling of masonry exterior construction containing 3,634 square feet of living area. Features of the dwelling include a full unfinished basement, central air conditioning, one fireplace and a 3-car detached garage.
The appellant's appeal is based on unequal treatment in the assessment process. In support of this argument the appellant submitted information on nine comparable properties described as two-story frame, stucco, masonry or frame and masonry dwellings that range in age from 74 to 122 years old for consideration. The comparables range in size from 3,395 to 4,164 square feet of living area. Eight of the comparables have basements, six of the comparables have central air conditioning, seven of the comparables have 1 or 2 fireplaces and each of the comparables has a 1.5, 2 or 2.5-car garage. The comparables have total assessments that range from $89,864 to $113,751 and improvement assessments that range from $63,795 to $73,793 or from $17.59 to $18.81 per square foot of living area. The subject property has a total assessment of $101,925 and an improvement assessment of $76,313 or $21.00 per square foot of living area. The appellant argued the subject's improvement assessment equates to a market value of $131.25 per square foot of living area which is 13.4% more than the average market value reflected by the improvement assessments for the comparables of $115.69 per square foot. Based on this evidence, the appellant requested the subject's improvement assessment be reduced to reflect a market value of $115.69 per square foot resulting in an improvement assessment of $67,267 or $18.51 per square foot of living area.