Oregon Community Unit School District No. 220 v. Property Tax Appeal Board

PRESIDING JUSTICE McLAREN

delivered the opinion of the court:

This case is an appeal from a Property Tax Appeal Board (PTAB) decision assessing the respondent’s, Commonwealth Edison Company’s, machinery and equipment as personal property. The PTAB consolidated the appeals of the assessments for 1989, 1990, 1991, and 1992 and reversed the Ogle County Board of Review’s holding that the respondent’s equipment was properly assessed as real property. Because the respondent sought a reduction of more than $300,000 in the assessed value of its property, we take this direct review of the PTAB’s…