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Based on the facts and exhibits presented, the Property Tax
Appeal Board hereby finds a reduction 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: $ 34,341
Subject only to the State multiplier as applicable.
1 of 4
PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Avi Shaked
DOCKET NO.: 04-20449.001-R-1
PARCEL NO.: 11-07-201-022-0000
The parties of record before the Property Tax Appeal Board are Avi Shaked, the appellant, by attorney Stephen B. Engelman of Evanston and the Cook County Board of Review.
The subject property consists of a 66-year-old, two-story single-family dwelling of masonry construction containing 4,497 square feet of living area and located in Evanston Township, Cook County. The residence contains four bathrooms, a partial basement, air conditioning, fireplaces and a two-car garage. The subject enjoys lakefront exposure.
The appellant, through counsel, appeared before the PTAB and submitted evidence claiming unequal treatment in the assessment process as the basis of the appeal. In support of this argument, the appellant offered 15 suggested comparable properties located in Evanston Township with lakeside locations. These properties consist of two-story single-family dwellings of masonry, frame, stucco or frame and masonry construction. The comparables have three or four bathrooms with half-baths and partial or full basements, four finished. Seven homes are air-conditioned and all have fireplaces. The comparables have one, two or three-car garages. The comparables contain between 2,586 and 4,866 square feet of living area and have improvement assessments ranging from $86,501 to $196,128 or from $19.41 to $51.64 per square foot of living area. The appellant noted that the Assessor placed the amenity value of a lakeside location into the improvement assessment rather than the land assessment. The land assessment for the few lakeside parcels along the Evanston lakefront is $1.80 per square foot. Based on this evidence, the appellant requested a reduction in the subject's assessment.
The board submitted its "Board of Review Notes on Appeal" wherein the subject's final improvement assessment of $304,683, or $67.75 per square foot of living area, was disclosed. In support of the subject’s assessment, the board offered a printout of the subject's assessment and property characteristics. The board also disclosed the subject's July 2002 purchase price of