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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 Will County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 39,399
IMPR.: $ 41,402
FRM.LAND: $ 228
TOTAL: $ 81,029
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Edward D. and Janice A. Keeley
DOCKET NO.: 05-00389.001-R-1
PARCEL NO.: 07-01-29-400-013-0000
The parties of record before the Property Tax Appeal Board are
Edward D. and Janice A. Keeley, the appellants, and the Will
County Board of Review.
The subject property consists of an owner occupied residential
dwelling with some farmland located in Wheatland Township, Will
The appellants submitted evidence before the Property Tax Appeal
Board claiming the subject's assessment was incorrect. The
evidence also disclosed subject property was the subject matter
of an appeal before the Property Tax Appeal Board the prior year
under docket number 04-02384.001-R-1. In that appeal the
Property Tax Appeal Board rendered a decision lowering the
subject's assessment to $80,000.
The board of review submitted its "Board of Review Notes on
Appeal" wherein the subject's final assessment of $104,684 was
disclosed. The board of review reluctantly acknowledged the
Property Tax Appeal Board's prior year's decision regarding the
subject property. Thus, the board or review requested the
subject's 2005 assessment include the 2004 Property Tax Appeal
Board decision plus application of the township equalization
factor of 1.0129.
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 Property Tax
Appeal Board further finds a reduction in the assessment of the
subject property is warranted.