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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: $ 1,879
IMPR.: $ 25,076
TOTAL: $ 26,955
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Dominick and Patricia Novielli
DOCKET NO.: 05-20330.001-R-1
PARCEL NO.: 15-12-117-016-1054
The parties of record before the Property Tax Appeal Board are
Dominick and Patricia Novielli, the appellants, and the Cook
County Board of Review.
The subject property consists of a 34-year old residential
condominium unit within a 56 unit condominium complex located in
River Forest Township, Cook County.
The appellant, Patricia Novielli, appeared before the Property
Tax Appeal Board claiming unequal treatment in the assessment
process as the basis of the appeal. Mrs. Novielli argued that
within the subject's condominium complex identically sized units
with garages have the same assessments as those with only parking
spaces in a lot. The appellant contends the 38 units with
garages have a higher market value than the 16 without garages
and thus should be assessed differently. The appellant testified
that for several years efforts have been made to alter the
condominium declaration and change the percentage of ownership
applicable to reflect this difference. These efforts have been
unsuccessful. To illustrate her point, the appellant utilized
the sales of four units of similar sizes with and without
garages. The sales occurred from June through July of 2004.
Comparables one and two are similarly sized units of which number
one does not have a garage and number two does have a garage.
These two properties each have total assessments of $26,955.
Comparable number one sold for $260,000 and comparable number two
sold $285,000. Comparables three and four are similarly sized
units of which number three does not have a garage and number
four does have a garage. These two properties each have total
assessments of $23,407. Comparable number three sold for
$235,000 and comparable number four sold $290,000. The appellant
testified that the subject's percentage of ownership is 1.9%.