NOS PROPERT TA APPEA BOARD PTABT111x001c - PDF document

1 ,//,NO,S PROPERT< TA; APPEA/ BOARD PTAB/
,//,NO,S PROPERT< TA; APPEA/ BOARD PTAB/T-./11-1 APPE//ANT: So\e OOoOade DOC.ET NO.: 15-34.001-R-1 PARCE/ NO.: 30-2-20-002-0000 Review is warranted. TKe corrTOTA/: SubMect onO\ to tKe State muOtipOier as appOicabOe. 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 one and one-KaOf-stor\ dweOOinJ of frame and masonr\ construction TKe board of review submitted its "Board of Review Notes on AppeaO" discOosinJ tKe totaO assessment for tKe subMect of $650. TKe subMect s assessment refOects a marNet vaOue of $6500 or $5.02 per square foot of OivinJ area incOudinJ Oand wKen appO\inJ tKe 2015 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 co

2 rrect assessment tKe board of re
rrect assessment tKe board of review submitted information on tKree equit\ comparabOes and one saOe comparabOe. TKis comparabOe soOd in ApriO 2012 for ,n rebuttaO tKe appeOOant arJued tKat tKe board of review s saOe comparabOe supports tKe appeOOant s request for a reduction and tKat tKe board of review s equit\ comparabOes sKouOd be Jiven no weiJKt in tKe board s anaO\sis because tKe\ do not address tKe appeOOant s marNet vaOue arJument. 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. 6 ,OO.Admin.Code §110.65c. TKe Board finds tKe appeOOant did meet tKis n tKe subMect

3 s assessment is,nitiaOO\ tKe Boa
s assessment is,nitiaOO\ tKe Board notes tKat appeOOant saOe comparabOe #2 and board of review saOe comparabOe #2 represent tKe same finds tKe best evidence of marNet vaOue to be appeOOant s comparabOes #1 #2 #3 and #4 and board of review comparabOe #2. TKese comparabOes soOd for prices ranJinJ from $23.5 to $50.31 per square foot of OivinJ area incOudinJ Oand. TKe subMect s assessment refOects a marNet vaOue of $5.02 per square foot of OivinJ area incOudinJ Oand wKicK is above tKe ranJe estabOisKed b\ tKe best comparabOes in tKis record. Based on tKis record tKe Board finds tKe appeOOant Kas proven b\ a preponderance of tKe evidence tKat tKe subMect is overvaOued and tKat a reduction in tKe subMect s assessment is 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 /a

4 w 35 ,/CS 5/3-101 et seq
w 35 ,/CS 5/3-101 et seq. and 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 November 1 201 ",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

5 JeneraO assessment period as pro
JeneraO assessment period as provided 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/873205/NANJeneraO_assessment_period__x000f__as_pro", "description": "JeneraO_assessment_period__x000f__as_provided_in_Sections___x001c__125_tKrouJK___x001c__225__x000f__are_beinJ_considered", "width": "1275" }