Property Tax Appeal Board Decision 2005-26636-R-1 Jones

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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: $ 24,700
IMPR.: $ 34,248
TOTAL: $ 58,948
Subject only to the State multiplier as applicable.
PTAB/mmg/05-26557/08-08
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Morris Loeb
DOCKET NO.: 05-26557.001-R-1
PARCEL NO.: 04-12-215-001
The parties of record before the Property Tax Appeal Board are Morris Loeb, the appellant, by attorney Gary Smith, Chicago, Illinois, and the Cook County Board of Review.
The subject property is improved with a 47-year old, single-story dwelling of frame and masonry construction containing 2,416 square feet of living area with a full basement.
The appellant's appeal is based on unequal treatment in the assessment process. The appellant submitted information on five comparable properties described as two-story masonry, frame or frame and masonry dwellings that range in age from 47 to 56 years old for consideration. The comparables range in size from 2,118 to 2,716 square feet of living area and have improvement assessments ranging from $10.74 to $12.75 per square foot of living area. The subject's improvement assessment is $14.18 per square foot of living area. Based on this evidence, the appellant requested a reduction in the subject's improvement assessment.
The board of review submitted its "Board of Review Notes on Appeal" wherein the subject's final assessment was disclosed. The board of review presented descriptions and assessment information on four comparable properties consisting of two-story frame and masonry dwellings that range in age from 47 to 50 years old. The dwellings range in size from 2,057 to 2,584 square feet of living area and have improvement assessments ranging from $14.60 to $15.44 per square foot of living area. Based on this evidence, the board of review requested confirmation of the subject's assessment.
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 a reduction in the subject's assessment is not warranted.