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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: $ 20,816
IMPR.: $ 41,166
TOTAL: $ 61,982
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Dan Educate
DOCKET NO.: 04-25990.001-C-1
PARCEL NO.: 09-27-201-006-0000
The parties of record before the Property Tax Appeal Board are Dan Educate, the appellant, by attorney Edward P. Larkin of Park Ridge, and the Cook County Board of Review.
The subject property consists of 6,640 square foot site improved with a one-story, class 5-17, 74-year-old, masonry constructed commercial building containing 1,723 square feet and located in Maine Township, Cook County.
The appellant, through counsel, submitted evidence before the Property Tax Appeal Board claiming unequal treatment in the assessment process of the improvement as the basis of the appeal. In support of this claim, the appellant submitted assessment data and descriptive information on three properties suggested as comparable to the subject. Based on the appellant's documents, the three suggested comparables consist of one-story, frame or masonry constructed, class 5-17, commercial buildings with the same neighborhood code as the subject. The improvements range in size from 6,660 to 9,000 square feet of building area and range in age from 37 to 40 years. The improvement assessments range from $6.79 to $17.85 per square foot of building area. The subject's improvement assessment is $41,166 or $23.89 per square foot. Based on the evidence submitted, the appellant requested a reduction in the subject's improvement assessment.
The board of review submitted its "Board of Review Notes on Appeal" disclosing the subject's total assessment of $61,982. The board of review also submitted a memorandum from the county assessor's office, comp service sheets for five properties located within the subject's market area as well as ancillary documents.
The five properties submitted by the board of review sold from January 2002 through November 2004 for prices that ranged from