Property Tax Appeal Board Decision 2000-26797-R-3 Thorndale Beach North Condo Association

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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 Cook County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: See Pages 5-7
IMPR.: See Pages 5-7
TOTAL: See Pages 5-7
Subject only to the State multiplier as applicable.
PTAB/0583JBV
1 of 10
PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Thorndale Beach North Condominium Association
DOCKET NO.: 00-26797.001-R-3 thru 00-26797.151-R-3
PARCEL NO.: See Pages 5-7
The parties of record before the Property Tax Appeal Board
(hereinafter PTAB) are Thorndale Beach North Condominium
Association, the appellant, by attorney Ellis B. Levin in Chicago
and the Cook County Board of Review by Cook County Assistant
State's Attorney Aaron Bilton.
The subject property consists of a 151 unit, 35 year old,
condominium building located in Lakeview Township. The appellant,
via counsel, raised two arguments: first, that there was unequal
treatment in the assessment process of the improvement; and
second, that the fair market value of the subject is not
accurately reflected in its assessed value as the bases for this
appeal. Prior to hearing, the parties agreed to waive their right
to a hearing and have a decision rendered based on the evidence
as well as final briefs.
In support of these arguments, the appellant submitted unit sales
information for the subject property and 17 condominium buildings
suggested as comparable to the subject. In addition, black and
white photographs of the subject and the suggested comparables,
affidavits from the association president and a real estate agent
and the multiple listing service descriptions of sales of several
units within the subject property were also submitted. The data
in its entirety reflects that the properties are located within
the subject's neighborhood and the affidavit from the real estate
agent states that the buildings are similar in characteristics
and market value. The evidence includes a list of unit sales for