Property Tax Appeal Board Decision 2005-00894-R-1 Dimitri

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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 Kane County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 19,140
IMPR.: $ 72,815
TOTAL: $ 91,955
Subject only to the State multiplier as applicable.
PTAB/eeb/Mar.08/2005-00894
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Joan and Dean Dimitri
DOCKET NO.: 05-00894.001-R-1
PARCEL NO.: 11-16-100-019
The parties of record before the Property Tax Appeal Board are
Joan and Dean Dimitri, the appellants, and the Kane County Board
of Review.
The subject property is a split-level masonry single family
residence containing 1,720 square feet of living area built in
1974. Features include one full bath and one half-bath, a
partially finished basement, central air conditioning, two
fireplaces and an attached two-car garage.
The appellants appeared before the Property Tax Appeal Board
claiming overvaluation and unequal treatment in the assessment
process as the bases of the appeal. In support of these claims,
the appellants submitted a grid analysis detailing four
comparable properties. The comparables are located within one-half
mile of the subject. They consist of frame or brick and
frame split-level homes built between 1966 and 1978. Three of
the comparables have central air conditioning, two fireplaces and
finished basements. One of the comparables has an unfinished
basement. All of the homes have a two-car garage. The
comparables ranged in size from 1,638 to 1,800 square feet of
living area and have improvement assessments ranging from $60,364
to $70,835 or from $36.19 to $42.90 per square foot of living
area. The subject property has an improvement assessment of
$76,403 or $44.42 per square foot of living area.
Sales information provided by the appellants indicates these
homes sold from January 1988 to September 2005 for prices ranging
from $91,500 to $290,000 or from $54.86 to $173.77 per square
foot of living area, including land. Based on this evidence, the
appellants requested the subject's improvement assessment be
reduced to $72,815 or $42.33 per square foot of living area.