Property Tax Appeal Board Decision 2006-00105-R-1 Curry

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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: $ 36,340
IMPR.: $ 128,430
TOTAL: $ 164,770
Subject only to the State multiplier as applicable.
PTAB/FEB.09/BUL-7419
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: George Curry
DOCKET NO.: 06-00105.001-R-1
PARCEL NO.: 13-23-276-001
The parties of record before the Property Tax Appeal Board are George Curry, the appellant, by attorney Robert W. McQuellon III, Peoria, Illinois; and the Peoria County Board of Review.
The subject property consists of a two-story brick and stone dwelling containing 3,631 square feet of living area that was built in 2001. The dwelling features an unfinished basement, central air conditioning, a fireplace and a 739 square foot attached garage. The dwelling is situated on a 30,000 square foot site in the private gated section of Weaver Ridge Subdivision.
The appellant appeared before the Property Tax Appeal Board claiming overvaluation as the basis of the appeal. In support of this contention, the appellant submitted a market analysis and Multiple Listing Sheets (MLS) detailing three suggested comparable sales. 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 the fee for his services was contingent on the outcome of the appeal.
The three comparable sales are located ½ of a mile from the subject. They consist of two-story brick and frame dwellings that were built from 1998 to 2006. One comparable has an unfinished basement and two comparables have partial finished basements. Other features include central air conditioning and three-car attached garages. Two comparables contain a fireplace. The dwellings range in size from 2,408 to 3,056 square feet of living area and are situated on lots ranging in size from 7,344 to 21,780 square feet of land area. The comparables sold for prices ranging from $291,168 to $383,000 or from $109.02 to $125.33 per square foot of living area including land. The transactions occurred between March and August of 2006. Based on