Property Tax Appeal Board Decision 2006-01431-R-1 Charleston

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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 Madison County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 6,850
IMPR.: $ 45,870
TOTAL: $ 52,720
Subject only to the State multiplier as applicable.
PTAB/smw/06-01431/4-09
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Donna & Terrence Charleston
DOCKET NO.: 06-01431.001-R-1
PARCEL NO.: 14-2-15-26-02-202-007
The parties of record before the Property Tax Appeal Board are Donna and Terrence Charleston, the appellants; and the Madison County Board of Review.
The subject property consists of a split-level single family dwelling of frame construction with an unfinished basement, central air conditioning and a two-car attached garage with 576 square feet. The dwelling is approximately 10 years old. The property is located in Glen Carbon, Edwardsville Township, Madison County.
The appellants contend assessment inequity as the basis of the appeal. In support of this argument the appellants submitted descriptions and assessment information on three comparables. The appellants indicated the comparables were composed of 1.5-story dwellings that were 33 or 34 years old. The comparable dwellings range in size from 936 to 1,015 square feet of living area. Features of the dwellings include finished basements, central air conditioning and two-car garages. The comparables have improvement assessments ranging from $33,809 to $34,909 or from $34.39 to $36.21 per square foot of living area. The appellants indicated the subject dwelling had 1,363 square feet of living area. Using this estimate of size, the subject would have an improvement assessment of $33.65 per square foot of living area. These same comparables had land assessments ranging from $6,084 to $6,528 while the subject had a land assessment of $6,850. The evidence further revealed the appellants filed their appeal directly to the Property Tax Appeal Board following receipt of the notice of an equalization factor. Based on this evidence, the appellants requested the subject's assessment be reduced to the pre-equalized total.
The board of review submitted its "Board of Review Notes on Appeal" wherein the subject's final assessment of $52,720 was disclosed. The board of review indicated the subject had an equalized land assessment of $6,850 and an improvement assessment of $45,870. The board of review submitted a copy of the