Property Tax Appeal Board Decision 2004-00691-I-3 Cherokee Properties, Inc.

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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:
Docket No. Parcel No. Land Impr. Total
04-00691.001-I-3 21-1-19-25-00-000-001.003 $16,060 $162,330 $178,390
04-00691.002-I-3 21-1-19-26-00-000-013 $74,810 $446,190 $521,000
04-00691.003-I-3 21-1-19-23-00-000-003 $14,180 $31,490 $45,670
04-00691.004-I-3 21-1-19-24-17-301-002.002 $16,130 $38,010 $54,140
Subject only to the State multiplier as applicable.
PTAB/SMW/04-00691/9-07
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Cherokee Properties, Inc.
DOCKET NO.: 04-00691.001-I-3 through 04-00691.004-I-3
PARCEL NO.: See Below
The parties of record before the Property Tax Appeal Board are
Cherokee Properties, Inc., the appellant, by attorney David L.
Antognoli of Goldenberg, Miller, Heller & Antognoli, P.C.,
Edwardsville, Illinois; the Madison County Board of Review; the
Metro East Sanitary District, intervenor, by attorney George
Filcoff, Jr. of the Callis Law Firm, Granite City, Illinois; and
Southwestern Illinois College District No. 522, intervenor, by
attorney Robert E. Becker of Becker, Paulson, Hoerner & Thompson,
Belleville, Illinois.
Initially, the Property Tax Appeal Board finds Southwestern
Illinois College District No. 522 did not appear at the scheduled
hearing. Section 1910.69(b) of the rules of the Property Tax
Appeal Board provides that:
When a hearing is ordered by the Property Tax Appeal
Board, all parties shall appear for the hearing on the
appeal on the date and at the time set by the Property
Tax Appeal Board. Failure to appear on the date and at
the time set by the Property Tax Appeal Board shall be
sufficient cause to default that party. 86
Ill.Admin.Code 1910.69(b).
Pursuant to section 1910.69(b) of the rules of the Property Tax
Appeal Board the Board finds Southwestern Illinois College
District No. 522 to be in default and hereby dismisses the school
district from the appeal.
The subject property consists of a 77.64 acre site improved with
an older manufacturing plant containing a total of 1,386,443
square feet of building area in multiple interconnected building
segments. The subject property also includes 16 overhead cranes
as follows: 1 – 5 ton crane; 3 – 10 ton cranes; 2 – 15 ton