Property Tax Appeal Board Decision 2006-21236-R-1 Alvarado

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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: $ 4,858
IMPR.: $ 19,629
TOTAL: $ 24,487
Subject only to the State multiplier as applicable.
PTAB/rfd6036
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Victor Alvarado
DOCKET NO.: 06-21236.001-R-1
PARCEL NO.: 16-29-204-018-0000
The parties of record before the Property Tax Appeal Board are Victor Alvarado, the appellant, by attorney Glenn S. Guttman with the law firm of Rieff Schramm & Kantor in Chicago, and the Cook County Board of Review.
The subject property is an owner occupied residence that was the subject matter of an appeal before the Property Tax Appeal Board the prior year under docket number 05-20602.001-R-1. In that appeal the Property Tax Appeal Board rendered a decision lowering the assessment of the subject property based on the evidence submitted by the parties.
Section 16-185 of the Property Tax Code (35 ILCS 200/16-185) provides in part:
"If the Property Tax Appeal Board renders a decision lowering the assessment of a particular parcel on which a residence occupied by the owner is situated, such reduced assessment, subject to equalization, shall remain in effect for the remainder of the general assessment period as provided in Sections 9-215 through 9-225, unless that parcel is subsequently sold in an arm's length transaction establishing a fair cash value for the parcel that is different from the fair cash value on which the Board's assessment is based, or unless the decision of the Property Tax Appeal Board is reversed or modified upon review."
After reviewing the record and considering the evidence, the Property Tax Appeal Board finds that it has jurisdiction over the parties and the subject matter of this appeal. The Board further finds that the prior year's decision should be carried forward to the subsequent year subject only to any equalization factor applied to that year's assessments. This finding is pursuant to section 16-185 of the Property Tax Code (35 ILCS 200/16-185).