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Based on the facts and exhibits presented, the Property Tax
Appeal Board hereby finds no change 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: $ 42,037
IMPR.: $ 184,914
TOTAL: $ 226,951
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Robert Vladem
DOCKET NO.: 05-26173.001-R-1
PARCEL NO.: 05-16-106-007
The parties of record before the Property Tax Appeal Board are Robert Vladem, the appellant, by attorney Adam Bossov in Chicago; and the Cook County Board of Review.
The subject property consists of a 28,800 square foot parcel of land improved with a 14-year old, two-story, masonry, single-family dwelling containing 7,129 square feet of living area, five baths, three fireplaces, air conditioning, and a full, unfinished basement. The appellant argued unequal treatment in the assessment process as the basis of the appeal.
In support of the equity argument, the appellant, via counsel, submitted information on a total of 16 properties suggested as comparable and located within the subject's neighborhood. The properties are described as two-story, masonry or stucco, single-family dwellings with between three and one-half and six and one-half baths, one and five fireplaces and, for two properties, a finished basement. The properties range: in age from eight to 104 years; in size from 5,064 to 9,751 square feet of living area; and in improvement assessments from $15.34 to $20.41 per square foot of living area. 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 improvement assessment of $184,914 or $25.94 per square foot of living area was disclosed. In support of the subject's assessment, the board of review presented descriptions and assessment information on two properties suggested as comparable located on the subject's street. The properties consist of two-story, masonry or frame, single-family dwellings four and two-half baths, two or four fireplaces, air conditioning, and a full, finished basement. The properties are 106 and four years old, contain 6,759 and 5,832 square feet of living area, and have improvement assessments of $33.00 and $46.00 per square foot of living area. Based on this evidence, the board of review requested confirmation of the subject's assessment.