Property Tax Appeal Board Decision 2003-30668-C-3 Baryl

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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:
DOCKET NO. PARCEL NO. LAND IMPR. TOTAL
03-30668.001-C-3 17-16-404-017-0000 $316,635 $447,531 $764,166
03-30668.002-C-3 17-16-404-018-0000 $115,140 $165,525 $280,665
DOCKET NO. PARCEL NO. LAND IMPR. TOTAL
04-28280.001-C-3 17-16-404-017-0000 $316,635 $447,531 $764,166
04-28280.002-C-3 17-16-404-018-0000 $115,140 $165,525 $280,665
Subject only to the State multiplier as applicable.
PTAB/lbs/08
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Thomas J. Baryl
DOCKET NOS.: 03-30668.001-C-3 and 03-30668.002-C-3 and
04-28280.001-C-3 and 04-28280.001-C-3
PARCEL NOS.: 17-16-404-017-0000 and 17-16-404-018-0000
The parties of record before the Property Tax Appeal Board are Thomas J. Baryl, the appellant, by attorney Patrick C. Doody of Chicago; the Cook County Board of Review by Assistant State's Attorney Joel Buikema; and the intervenor, the Chicago Board of Education, by attorneys Ares Dalianis and Scott Metcalf of Franczek Radelet & Rose, Chicago.
The subject property consists of a 15,000 square foot parcel improved with a 60,000 square foot four level valet parking garage built in 1960 of reinforced concrete construction. The structure contains 187 parking stalls; a 600 square foot office; a 5,000 pound passenger elevator; and ramps between floors.
The appellant through counsel appeared before the Property Tax Appeal Board claiming the fair market value of the subject is not accurately reflected in its assessed value. In support of this argument, the appellant submitted a summary appraisal report with an effective date of January 1, 2004, (Appellant's Exhibit #1) and presented the testimony of the appraisal's author, Neil J. Renzi. Renzi testified that he is a State of Illinois licensed real estate appraiser with a Member of the Appraisal Institute (MAI) designation; has been an appraiser for approximately 39 years; has taught courses on appraisal principles and practice in several venues; has appraised many properties similar to the subject; and has developed properties in the subject's immediate area. In addition, the witness testified, he has been qualified as an expert witness in the courts and before administrative agencies such as the Property Tax Appeal Board. The appraiser was accepted by the Property Tax Appeal Board as an expert witness.