Cook County Board of Review v. Property Tax Appeal Board

We consider whether the Illinois Property Tax Appeal Board (PTAB) violated its rules when it considered an appraisal report dated two years earlier than the date of assessment at issue. We conclude that consideration of the appraisal report does not violate PTAB rules. Further, PTAB’s order adjusting assessed value is not against the manifest weight of the evidence. We affirm.

Sears, Roebuck and Company (Sears) owns three parcels of property in Cook County. In 1997, the Cook County assessor’s office determined that the parcels had a fair market value of $11,398,021. Sears filed an unsuccessful…