Santa Fe Land Improvement Co. v. Illinois Property Tax Appeal Board

PRESIDING JUSTICE STOUDER

delivered the opinion of the court:

Plaintiff Santa Fe Land Improvement Company filed a complaint for administrative review of an adverse decision of defendant Illinois Property Tax Appeal Board of the Department of Local Government Affairs (hereinafter the Board). After a hearing on the merits, the circuit court of Will County affirmed the Board’s decision.

The facts from which this litigation arises are uncontroverted. Approximately 20 years ago, plaintiff acquired a tract of land in Du Page and Will counties from Chancellor Western Oil and Development Company, an…