Property Tax Appeal Board Decision 2006-00142-C-3 Retzer

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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 Peoria County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 654,220
IMPR.: $ 1,250,150
TOTAL: $ 1,904,370
Subject only to the State multiplier as applicable.
PTAB/FEB.09/BUL-7445
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Gene Retzer
DOCKET NO.: 06-00142.001-C-3
PARCEL NO.: 14-07-100-026
The parties of record before the Property Tax Appeal Board are Gene Retzer, the appellant, by attorney Robert W. McQuellon III, Peoria, Illinois; and the Peoria County Board of Review.
The subject property consists of an automobile dealership that is improved with two, one-story commercial buildings of concrete exterior construction that were built in 2004. The buildings contain 26,237 and 30,869 square feet of building area, respectively, or a total of 57,106 square feet of building area including mezzanine storage. The improvements are situated on an 11.28 acre or 491,357 square foot site.
The appellant appeared before the Property Tax Appeal Board through counsel claiming a lack of uniformity regarding the subject's land and improvement assessments. In support of the inequity claim, the appellant submitted property record cards and an assessment analysis of the subject and three suggested comparables. The evidence was prepared by Robert W. McQuellon of McQuellon Consulting, Inc., who was present at the hearing for direct and cross-examination. McQuellon testified he was paid a flat fee for preparing the evidence. In addition, McQuellon testified additional compensation was contingent on a favorable result of the appeal.
The comparables are comprised of one-story structures that were built from 1972 to 1990 and are used as automobile dealerships like the subject. The comparables are located 1 mile from the subject. The structures range in size from 27,817 to 43,988 square feet of building area and are situated on lots that range in size from 52,272 to 223,898 square feet of land area. The comparables have improvement assessments ranging from $210,040 to $516,900 or from $7.55 to $11.75 per square foot of building area and land assessments ranging from $73,900 to $229,460 or from $1.02 to $1.50 per square foot of land area. The subject property has an improvement assessment of $1,250,150 or $21.89 per square foot of building area and a land assessment of $654,220 or $1.33 per square foot of land area.