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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 Cook County Board of Review is
warranted. The correct assessed valuation of the property is:
DOCKET # PIN LAND IMPRVMNT TOTAL __
01-25627.001-C-2 06-26-365-005 $12,078 $261,912 $273,990
03-21092.002-C-2 06-26-365-005 $10,980 $196,434 $207,414
Subject only to the State multiplier as applicable.
PTAB/0643JBV
1 of 2
PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Shannon Court Limited Partnership
DOCKET NO.: 01-25627.001-C-2
03-21092.001-C-2
PARCEL NO.: 06-26-365-005
The parties of record before the Property Tax Appeal Board
(hereinafter PTAB) are Shannon Court Limited Partnership, the
appellant, by attorney Christopher Oakes with the law firm of
Cox, Oakes and Associates in Northbrook and the Cook County Board
of Review by Cook County State's Attorney John Coyne.
The subject property consists of a 12,200 square foot parcel of
land containing a 29-year old, masonry, five-story, apartment
building. The improvement contains 49 units and 43,652 square
feet of net rentable area. The appellant, via counsel, argued
that there was unequal treatment in the assessment process of the
land and the improvement as the basis for this appeal.
The PTAB finds that these appeals are within the same assessment
triennial, involve common issues of law and fact and a
consolidation of the appeals would not prejudice the rights of
the parties. Therefore, under the Official Rules of the Property
Tax Appeal Board, Section 1910.78, the PTAB consolidates the
above appeals.
In support of the equity argument, the appellant submitted a
brief from the appellant's attorney, a copy of the 1998 PTAB
appeal decision, the circuit court decision of the administrative
