Respondent taxpayer appealed to the county board of review regarding two years of property tax assessments. A local school district intervened and filed a motion to dismiss, which was denied. Following an evidentiary hearing, the board reduced the tax assessments on the property from $31 million to $3.3 million. The school district filed a direct appeal arguing that the Board erred in denying its motion to dismiss and by reducing the tax assessments on the property. The appellate court affirmed, finding that the Board’s decision was not against the manifest weight of the evidence where there was evidence presented that the property was overvalued during the objected-to time period because the property was impaired in its ability to produce revenue. (WHARTON and VAUGHAN, concurring)
Illinois Appellate Court
Civil Court
Property Tax