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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:
DOCKET NO. PROPERTY NO. LAND IMPR. TOTAL
05-26643.001-C-2 24-04-326-031-0000 $ 9,607 $ 7,393 $17,000
05-26643.002-C-2 24-04-326-032-0000 $11,290 $13,482 $24,772
05-26643.003-C-2 24-04-326-033-0000 $11,290 $13,482 $24,772
05-26643.004-C-2 24-04-326-034-0000 $ 9,028 $ 9,133 $18,161
05-26643.005-C-2 24-04-326-035-0000 $ 4,349 $ 137 $ 4,486
05-26643.006-C-2 24-04-326-036-0000 $ 4,586 $ 147 $ 4,733
05-26643.007-C-2 24-04-326-037-0000 $ 4,586 $ 147 $ 4,733
05-26643.008-C-2 24-04-326-038-0000 $ 4,573 $ 121 $ 4,694
05-26643.009-C-2 24-04-326-039-0000 $ 4,573 $ 121 $ 4,694
05-26643.010-C-2 24-04-326-040-0000 $ 6,158 $ 197 $ 6,355
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Thompson & Kuenster Funeral Home
DOCKET NO.: 05-26643.001-C-1 through 05-26643.010-C-1
PARCEL NO.: See below
The parties of record before the Property Tax Appeal Board are Thompson & Kuenster Funeral Home, the appellant, by attorney Jason T. Shilson of O’Keefe Lyons & Hynes, LLC, in Chicago, and the Cook County Board of Review.
The subject property is improved with a one and part two-story, masonry constructed funeral home building containing 13,582 square feet of building area. The building has an effective age of 25 years and is located on a 31,216 square foot site in Oak Lawn, Worth Township, Cook County.
The appellant contends the market value of the subject property is not accurately reflected in its assessed valuation. In support of this overvaluation argument the appellant submitted an appraisal estimating the subject property had a market value of $715,000 as of January 1, 2005. The appellant submitted the final decision issued by the Cook County Board of Review establishing a total assessment for the subject of $170,588, which reflects a market value of approximately $1,066,175 using the Cook County Real Property Assessment Classification Ordinance level of assessments for class 2 property of 16%. Based on this evidence the appellant requested the subject's assessment be reduced to reflect the subject's appraised value.
The board of review did not submit its "Board of Review Notes on Appeal" or any evidence in support of its assessed valuation of the subject property.