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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: $ 12,032
IMPR.: $ 51,975
TOTAL: $ 64,007
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Sam Iosevich
DOCKET NO.: 06-20193.001-R-1
PARCEL NO.: 15-01-202-012-0000
The parties of record before the Property Tax Appeal Board are
Sam Iosevich, the appellant, by attorney Rusty A. Payton of the
Law Offices of Rusty A. Payton, P.C., Chicago, Illinois; and the
Cook County Board of Review.
The subject property is a 60-year old, two-story style dwelling
of masonry construction containing 2,079 square feet of living
area with a full, finished basement.
The appellant’s appeal is based on unequal treatment in the
assessment process. The appellant submitted for consideration
four comparable properties described as two-story masonry
dwellings that are between 50 and 58 years old. On the
appellant’s map, three of the comparables are located three to
four blocks from the subject property, and the other is located
approximately three-quarter mile away. The comparables contain
from 2,458 to 2,549 square feet of living area and have
improvement assessments ranging from $19.14 to $19.94 per square
foot. The subject’s improvement assessment is $25.58 per square
foot. 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 two comparable properties
consisting of two-story frame and masonry dwellings that are
either 29 or 48 years old. One of the comparables is located in
the same tax block as the subject, and the other one is two
blocks away. The dwellings contain 2,016 or 2,096 square feet of
living area and have improvement assessments of $24.96 or $25.43
per square foot. Based on this evidence, the board of review
requested confirmation of the subject's assessment.