Property Tax Appeal Board Decision 2005-00737-R-1 Weir

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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 Lake County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 69,162
IMPR.: $ 165,147
TOTAL: $ 234,309
Subject only to the State multiplier as applicable.
PTAB/MRT/10/9/07
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Paul J. Weir
DOCKET NO.: 05-00737.001-R-1
PARCEL NO.: 14-07-101-081
The parties of record before the Property Tax Appeal Board are
Paul J. Weir, the appellant; and the Lake County Board of Review.
The subject property consists of a 12,962 square foot parcel
improved with a 16-year-old, two-story style brick and frame
dwelling that contains 3,314 square feet of living area.
The appellant submitted evidence to the Property Tax Appeal Board
claiming unequal treatment in the assessment process regarding
the subject's land assessment as the basis of the appeal. The
appellant did not contest the subject's improvement assessment.
The appellant claimed that in the subject's subdivision, lots are
assessed based on whether they have interior locations, or have
views of a golf course or pond. The subject lot has a partial
golf course view and a partial interior location, which the
appellant claims is inferior to lots that fully back up to the
golf course. The appellant contends a third land assessment
category should be developed to accommodate the subject lot,
which he claims is neither a true golf course/pond lot nor an
interior lot. In support of the inequity argument regarding the
subject's land assessment, the appellant submitted what he
characterized as an appraisal of only the subject's lot. The
appraiser did not perform a typical market value appraisal
involving comparable sales to determine a market value for the
subject's land and improvements. Instead, the appraiser prepared
a letter analyzing the subject lot's location in a subdivision.
The appraiser examined five golf/pond lots located near the
subject with average land assessments of $69,715 and six interior
lots with average land assessments of $52,001. The appraiser
disclosed the subject has 42 feet of golf/pond frontage, or 36%,