NOS PROPERT TA APPEA BOARD PTABT101x001c - PDF document

1 ,//,NO,S PROPERT< TA; APPEA/ BOARD PTAB/
,//,NO,S PROPERT< TA; APPEA/ BOARD PTAB/T-./10-1 APPE//ANT: BoJdan *aMo DOC.ET NO.: 15-350.001-R-1 PARCE/ NO.: 13-21-41-044-0000 Review is warranted. TKe corrTOTA/: TKe appeOOant timeO\ fiOed tKe appeaO from a decision of tKe CooN Count\ Board of Review pursuant to section 16-15 of tKe Propert\ Ta[ Code 35 ,/CS 200/16-15 cKaOOenJinJ tKe TKe subMect consists of a two-stor\ dweOOinJ of masonr\ construction witK 2342 square feet of OivinJ area incOudinJ Oand. Based on tKis evidence tKe appeOOant requested a reduction in tKe subMect’s assessment to $100. TKe board of review submitted its "Board of Review Notes on AppeaO" discOosinJ tKe totaO assessment for tKe subMect of $32534. TKe subMect s assessment refOects a marNet vaOue of $325340 or $13.2 per square foot of OivinJ area incOudinJ Oand wKen appO\inJ tKe 20

2 15 statutor\ OeveO of assessment for cOa
15 statutor\ OeveO of assessment for cOass 2 propert\ of 10.00% under tKe CooN Count\ ReaO Propert\ Assessment COa,n support of its contention of tKe correct assessment tKe board of review submitted information on four equit\ comparabOes and four saOe comparabOes. TKese comparabOes soOd between -une 2014 and November 2015 for $21400 to $354000 or $13.13 to $153.51 per square foot of ,n rebuttaO tKe appeOOant arJued tKat tKe board of review’s comparabOes were not simiOar to tKe TKe appeOOant contends tKe marNet vaOue of tKe subMect propert\ is not accurateO\ refOected in its assessed vaOuation. :Ken marNet vaOue is tKe basis of tKe appeaO tKe vaOue of tKe propert\ must be proved b\ a preponderance of tKe evidence. 6 ,OO.Admin.Code §110.63e. Proof of marNet vaOue ma\ consist of an appraisaO of tKe subMect propert\ a recent saOe comparabOe saOes or construction costs. 

3 6 ,OO.Admin.Code §110.65
6 ,OO.Admin.Code §110.65c. TKe Board finds tKe appeOOant did not meet tion in tKe subMect s assessmenTKe Board finds tKe best evidence of marNet vaOue to be appeOOant’s comparabOes #1 #2 #3 and #4 and board of review comparabOes #1 #2 #3 and #4. TKese comparabOes soOd for prices ranJinJ from $.15 to $153.51 per square foot of OivinJ area incOudinJ Oand. TKe subMect s assessment refOects a marNet vaOue of $13.2 per square foot of OivinJ area incOudinJ Oand wKicK is witKin tKe ranJe estabOisKed b\ tKe best comparabOes in tKis record. Based on tKis a reduction in tKe subMect s assessment is not Mustified. TKis is a finaO administrative decision of tKe Propert\ Ta[ AppeaO Board wKicK is subMect to review in tKe Circuit Court or AppeOOate Court under tKe provisions of tKe Administrative Review /aw 35 ,/CS 5/3-101 et seq. and

4 section 16-15 of tKe Propert\ T
section 16-15 of tKe Propert\ Ta[ Code. Pursuant to Section 110.50d of tKe ruOes of tKe Propert\ Ta[ AppeaO Board 6 ,OO.Admin.Code §110.50d tKe proceedinJ before tKe Propert\ Ta[ AppeaO Board is terminated wKen tKe decision is rendered. TKe Propert\ motion or request for CKairman Member Member Member Member D,SSENT,N*: C E R T , F , C A T , O N As COerN of tKe ,OOinois Propert\ Ta[ AppeaO Board and tKe Neeper of tKe Records tKereof , do Kereb\ certif\ tKat tKe foreJoinJ is a true fuOO and compOete FinaO Administrative Decision of tKe ",f tKe Propert\ Ta[ AppeaO Board renders a decision OowerinJ tKe assessment of a particuOar parceO after tKe deadOine for fiOinJ compOaints witK tKe Board of Review or after adMournment of tKe session of tKe Board of Review at wKicK assessments for tKe subsequent \ear or \ears of tKe same JeneraO assessment period as provided

5 in Sections -125 tKrouJK 
in Sections -125 tKrouJK -225 are beinJ considered tKe ta[pa\er ma\ witKin 30 da\s after tKe date of written notice of tKe Propert\ Ta[ AppeaO Board’s decision appeaO tKe assessment for sucK subsequent \ear or \ears directO\ to tKe ,n order to compO\ witK tKe above provision { "@context": "http://schema.org", "@type": "ImageObject", "contentUrl": "https://www.docslides.com/slides/853330/NANin_Sections___x001c__125_tKrouJK___x001c", "description": "in_Sections___x001c__125_tKrouJK___x001c__225__x000f__are_beinJ_considered__x000f__tKe_ta_pa_er_ma___x000f__witKin_30_da", "width": "1275" }