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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 McHenry County Board of Review is
warranted. The correct assessed valuation of the property is:
F/LAND: $ 174
LAND: $ 27,032
IMPR.: $ 134,080
TOTAL: $ 161,286
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Robert and Gaye Kozel
DOCKET NO.: 05-01548.001-R-1
PARCEL NO.: 10-07-100-011-0011
The parties of record before the Property Tax Appeal Board are
Robert and Gaye Kozel, the appellants; and the McHenry County
Board of Review.
The subject property consists of a part one-story, part one and
one-half-story brick dwelling that is 67 years old containing
3,600 square feet of living area. Features of the home include
central air-conditioning, two fireplaces, a 553 square foot
garage and a partial unfinished basement. The subject's other
improvements include a 12,000 square foot pole barn and a gazebo.
The subject is situated on a 14.02 acre parcel with 12 acres of
the property enrolled in a conservation district stewardship,
which is not an issue in this appeal.
The appellants appeared before the Property Tax Appeal Board
claiming overvaluation as the basis of the appeal. In support of
this argument, the appellants submitted a grid analysis detailing
four comparable properties located from 3.9 to 9 miles from the
subject. The comparables are improved with one-story, one and
one-half-story or two story dwellings of brick or brick and frame
construction. The comparables ranged from 13 to 106 years old
and had living areas ranging from 1,570 to 2,324 square feet.
Three of the comparables had central air conditioning and at
least one fireplace. The properties had garages ranging from one
and one-half car garages to three car garages. Each comparable
had a barn or outbuilding with one comparable having an
additional three season room. The comparables sold from April
1988 to May 2004 for prices ranging from $120,000 to $640,000 or
from $51.63 to $383.69 per square foot of living area including
land. Based on this evidence, the appellants requested a
reduction in the subject's assessment.