Property Tax Appeal Board Decision 2002-27055-R-1 Tsui

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Based on the facts and exhibits presented, the PTAB 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: $ 18,519
IMPR.: $ 61,446
TOTAL: $ 79,965
Subject only to the State multiplier as applicable.
Final administrative decisions of the Property Tax Appeal Board
are subject to review in the Circuit Court or Appellate Court
under the provisions of the Administrative Review Law (735 ILCS
5/3-101 et seq.) and Section 16-195 of the Property Tax Code.
PTAB/KPP
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Tim Tsui
DOCKET NO.: 02-27055.001-R-1
PARCEL NO.: 18-19-102-008
The parties of record before the Property Tax Appeal Board
(hereinafter PTAB) are Tim Tsui, the appellant; and the Cook
County Board of Review.
The subject property consists of 22,193 square foot parcel
improved with a 16-year old, two-story, masonry, single-family
dwelling. The improvement includes 4,289 square feet of living
area as well as two bathrooms, air conditioning, two fireplaces,
and a three-car garage.
The appellant's petition indicated unequal treatment in the
assessment process as the basis of the appeal. In support of
this argument, the appellant presented evidence of assessment
data on three similar properties in the area to compare to the
subject property. The comparables suggested by the appellant
consist of two-story, masonry, single-family dwellings. They
ranged: in age from nine to 16 years; in size from 3,892 to
4,989 square feet of living area; in improvement assessments from
$13.61 to $15.90 per square foot. They also contain amenities
similar to the subject's improvement.
The properties are sited on parcels that ranged in size from
23,753 to 27,795 square feet and in land assessments from $16,973
to $21,581. The subject's land assessment is $18,519, while
containing an improvement assessment of $69,215 or $15.77 per
square foot of living area. On the basis of this comparison, the
appellant felt that an improvement assessment of $55,730 or