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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: $ 20,500
IMPR.: $ 59,058
TOTAL: $ 79,558
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Rick Gordon
DOCKET NO.: 04-27283.001-R-1
PARCEL NO.: 05-28-217-008-0000
The parties of record before the Property Tax Appeal Board are Rick Gordon, the appellant, by attorney Arnold G. Siegel, Chicago, Illinois; and the Cook County Board of Review.
The subject property is improved with a 53-year old, two-story dwelling of frame and masonry construction containing 2,565 square feet of living area. Features of the dwelling include a partial unfinished basement, a fireplace and a two-car attached garage.
The appellant's appeal is based on unequal treatment in the assessment process. The appellant submitted information on six comparable properties described as two-story frame, masonry, or frame and masonry dwellings that range in age from 48 to 61 years old for consideration. The comparables range in size from 2,331 to 2,912 square feet of living area. Five of the comparables had basements, four had central air conditioning, the comparables had from 1 to 3 fireplaces and each comparable had either a one or two-car garage. The comparables had total assessments that ranged from $66,604 to $86,149 and improvement assessments that ranged from $49,500 to $58,441 or from $19.17 to $21.84 per square foot of living area. The subject has a total assessment of $79,558 and an improvement assessment of $59,058 or $23.02 per square foot of living area. The appellant argued the subject's improvement assessment equates to a market value of $143.90 per square foot of living area which is 12.5% more than the average market value reflected by the improvement assessments for the comparables of $127.91 per square foot. Based on this evidence, the appellant requested the subject's improvement assessment be reduced to reflect a market value of $127.91 per square foot resulting in an improvement assessment of $52,494 or $20.47 per square foot of living area.
The board of review submitted its "Board of Review Notes on Appeal" wherein the subject's final assessment was disclosed.