Metropolitan Airport Authority v. Property Tax Appeal Board

PRESIDING JUSTICE HOLDRIDGE

delivered the opinion of the court:

Plaintiff, Metropolitan Airport Authority of Rock Island (Authority), appeals from an order of the circuit court of Rock Island County affirming the administrative determination of the State of Illinois Property Tax Appeal Board (PTAB) denying the Authority’s request for a reduction in the assessed valuation of four parcels owned by the airport. We affirm.

The four parcels of real estate in question in this appeal are owned by the Authority but are leased to four different car rental companies, Hertz, Budget, Avis and National. Each…