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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:
DOCKET NO. PARCEL NO. LAND IMPR. TOTAL
04-27925.001-R-1 13-14-331-008-0000 $ 8,200 $ 42 $ 8,242
04-27925.002-R-1 13-14-331-009-0000 $12,300 $ 253 $12,553
04-27925.004-R-1 13-14-331-025-0000 $11,020 $2,151 $13,171
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Hollerbach Funeral Home, Inc.
DOCKET NO.: 04-27925.001-R-1 through 04-27925.003-R-1.001-R-1
PARCEL NO.: See below.
The parties of record before the Property Tax Appeal Board are
Hollerbach Funeral Home, Inc., the appellant, by attorney Edwin
Wittenstein of Worsek & Vihon, P.C., Chicago, and the Cook County
Board of Review.
The subject property consists of an 84-year-old, one and part two
story, masonry funeral home containing approximately 9,750 square
feet of building area, of which approximately 1,875 is an
attached garage. The second floor contains the living quarters.
The subject improvement is sited on a 23,675 square foot parcel
located in Jefferson Township, Cook County.
The appellant, through counsel, submitted evidence that the
subject's fair market value is not accurately reflected in its
assessment. In support of the market value argument, the
appellant submitted a self-contained limited appraisal authored
by William Godnik and Gary M. Skish. Gary T. Peterson reviewed
and approved the appraisal. All three appraisers are employed
with First Real Estate Services of Chicago. The report indicates
that Mr. Peterson is a State of Illinois certified general
appraiser with a Member of the Appraisal (MAI) designation; Mr.
Godnik is a certified public accountant (CPA) and active in real
estate; and Mr. Skish is a staff appraiser with a background in
real estate and appraisal work. The report revealed that Mike
Oliver, a staff inspector, inspected the subject property on
January 9, 2004.
The report disclosed that the subject's effective age was
estimated to be 35 years; its highest and best use is as improved
and it was appraised as fee simple estate. To estimate a fair
market value of $340,000 as of January 1, 2003, the appraisers
employed the sales comparison approach. The appraisers utilized