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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: $ 126,757
IMPR.: $ 156,735
TOTAL: $ 283,492
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Tim Healey
DOCKET NO.: 02-30173.001-R-2
PARCEL NO.: 05-17-200-050
The parties of record before the Property Tax Appeal Board
(hereinafter PTAB) are Tim Healey, the appellant, by Attorney
Abby Strauss with the law firm of Schiller Klein & McElroy in
Chicago; and the Cook County Board of Review.
The subject property is an owner occupied residence that was the
subject matter of an appeal before the PTAB the prior year under
docket number 01-24795.001-R-2. In that appeal, the PTAB
rendered a decision lowering the assessment of the subject
property based on the evidence submitted by the parties.
Section 16-185 of the Property Tax Code (35 ILCS 200/16-185)
provides in part:
"If the Property Tax Appeal Board renders a decision
lowering the assessment of a particular parcel on which
a residence occupied by the owner is situated, such
reduced assessment, subject to equalization, shall
remain in effect for the remainder of the general
assessment period as provided in Sections 9-215 through
9-225, unless that parcel is subsequently sold in an
arm's length transaction establishing a fair cash value
for the parcel that is different from the fair cash
value on which the Board's assessment is based, or
unless the decision of the Property Tax Appeal Board is
reversed or modified upon review."
After reviewing the record and considering the evidence, the PTAB
finds that it has jurisdiction over the parties and the subject
matter of this appeal.