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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:
LAND: See Page Three
IMPR.: See Page Three
TOTAL: See Page Three
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Metal Maintenance, Inc.
DOCKET NO.: 03-27371.001-I-1 thru 03-27371.009-I-1
PARCEL NO.: See Page Three
The parties of record before the Property Tax Appeal Board (PTAB)
are Metal Maintenance, Inc., the appellant, by attorney Patrick
C. Doody of Field & Golan LLP of Chicago and William O'Shields of
the Cook County Board of Review (board).
The above Docket was heard in conjunction with Docket Nos. 04-
25460.001 thru 04-25460.009-I-1 and 05-23593.001 thru 05-
The subject property consists of a one-story, masonry industrial
building containing 6,050 aggregate square feet of building area,
constructed in the late 1800's and early 1900's, on a 13,752
square foot site and located in West Township, Cook County.
At the hearing, with regard to the 2004 appeal, the board argued
at the Board of Review level, the subject property was assumed to
be a rental property. The board held this same position for the
2003 and 2005 appeals both at the Board of Review level and now
before the PTAB. As such, the board claimed the appellant was
required to submit income and expense data for the subject as a
rental property. The board argued that little weight should be
given to the appellant's appraisal data due to the absence of
both the appraiser's testimony and the income and expense data.
The appellant's attorney argued that through his personal
knowledge of both the property and the ownership the subject is
owner operated and not leased.
The PTAB finds the income and expense data required at the Board
of Review level is not a required document by the PTAB unless it
is in conjunction with the income approach to value and supported
by market data. Also, a sales approach appraisal would usually
contain an income approach to value if the subject was a rental