Property Tax Appeal Board Decision 2002-30298-I-1 Magnuski

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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: $ 15,758
IMPR.: $ 41,242
TOTAL: $ 57,000
Subject only to the State multiplier as applicable.
PTAB/cck/3-18
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Michael Magnuski
DOCKET NO.: 02-30298.001-I-1
PARCEL NO.: 08-36-103-024-0000
The parties of record before the Property Tax Appeal Board are
Michael Magnuski, the appellant, and the Cook County Board of
Review.
The subject property is improved with a part-one and part-two
story, 41 year old, masonry and block constructed auto repair
facility containing approximately 4,000 square feet of building
area. The improvements are located on an 8,758 square foot site
located in Elk Grove Township, Cook County.
The appellant contends the market value of the subject property
is not accurately reflected in its assessed valuation. In
support of this argument the appellant submitted an appraisal
estimating the subject property had a market value of $150,000
as of January 1, 2000. In addition, the appellant also
submitted a copy of a decision issued by the Property Tax Appeal
Board under docket number 01-24854.001-C-1 wherein the total
assessment was reduced to $57,000 based upon this same appraisal
report. Furthermore, in the appeal petition the appellant
indicated that the subject's final assessment for 2002 was
$82,291. The subject's assessment reflects a market value of
approximately $216,555 using the Cook County Real Property
Assessment Classification Ordinance level of assessment for
class 5A property of 38%. Based on this evidence the appellant
requested the subject's total assessment be reduced.