Property Tax Appeal Board Decision 2005-00068-R-1 Koerkenmeier

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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 Madison County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 6,760
IMPR.: $ 42,260
TOTAL: $ 49,020
Subject only to the State multiplier as applicable.
PTAB/smw/2005-00068/4-08
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Cletus Koerkenmeier
DOCKET NO.: 05-00068.001-R-1
PARCEL NO.: 01-1-24-02-00-000-007
The parties of record before the Property Tax Appeal Board are
Cletus Koerkenmeier, the appellant; and the Madison County Board
of Review.
The subject property consists of a split-level single family
dwelling that contains 2,400 square feet of living area.
Features of the home include central air conditioning and a two-car
attached garage. The home has a frame and brick exterior and
was constructed in 1969. The property is located in Highland,
Helvetia Township, Madison County.
The appellant appeared before the Property Tax Appeal Board
arguing the assessment of the subject is excessive based on
unequal treatment. In support of this argument the appellant
submitted a written statement and numerous photographs of the
subject and comparables. In the statement the appellant
identified four comparables that had assessments that ranged from
$15.77 to $22.45 per square foot. The appellant indicated that
three of the four comparables were located in Highland and had
city utilities. He indicated the subject had an improvement
assessment of $21.65 per square foot of living area, which is
excessive. The appellant also asserted the Property Tax Appeal
Board issued a decision on August 21, 2002, reducing the
subject's 2001 assessment to $33,330. He contends the increase
in the subject's assessment from the Property Tax Appeal Board's
determination was excessive. He argued that comparable
properties had assessment increases ranging from 7.198% to
11.429% while the subject had an assessment increase from 2004 to
2005 from $38,690 to $57,690 or 49.108%, which is excessive. The
appellant indicated that the most similar properties had a 3.82%
assessment increase from 2004 to 2005 and an assessment decrease
of 2.49% from 2004 to 2005.