Property Tax Appeal Board Decision 2004-01357-R-1 Fritz

              (Continued on Next Page)
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 McHenry County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 23,763
IMPR.: $ 101,112
TOTAL: $ 124,875
Subject only to the State multiplier as applicable.
PTAB/cck/9-18
1 of 6
PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: William R. and Pamela R. Fritz
DOCKET NO.: 04-01357.001-R-1
PARCEL NO.: 08-22-252-009
The parties of record before the Property Tax Appeal Board are
William R. and Pamela R. Fritz, the appellants, and the McHenry
County Board of Review.
The subject property has been improved with a one-story frame
dwelling of 2,971 square feet of living area constructed in 1997.
The dwelling's foundation is a partial crawl space and the
remainder is a full finished walkout basement of 1,759 square
feet of building area. The dwelling also features an in-law
apartment with a second kitchen. Additional features of the
property include four bathrooms, central air conditioning, two
fireplaces, a three-car garage of 896 square feet of building
area, a wood deck, and a concrete patio. There are also two
sheds on the subject parcel. The property is located in
Woodstock, Greenwood Township, Illinois.
The appellants submitted evidence before the Property Tax Appeal
Board claiming overvaluation in the assessment process as to the
improvement assessment only. In support of this claim, the
appellants submitted to the Property Tax Appeal Board a grid
analysis detailing four comparable sales of properties and an
appraisal.
The grid analysis consisted of four comparable properties located
within 0.37 miles from the subject property. The comparables
were improved with either a one-story or a two-story frame
dwelling which ranged in age from six to twelve years old. The
dwellings ranged in size from 1,508 to 3,517 square feet of
living area. Each of the comparables had a full finished
basement and included central air conditioning, one fireplace,
and a three-car garage, with one property having an additional
four-car garage. Three of the comparables included decks; one