People Ex Rel. Rhodes v. Turk

This is an appeal from a judgment of the county court of Will county, overruling an objection that real estate had been excessively valued. Appellants, Frank Turk and Margaret Turk, purchased the real estate involved in March, 1943, for the sum of $25,000 of which $5000 was paid in cash and- the balance secured by mortgage. It was effected upon a voluntary sale, the seller being a corporation with the highest commercial rating.

The property was assessed on the basis of $82,100. For tax purposes, property in Will county is debased to the extent of seventy per cent, so the result was that…