Walsh v. STATE PROPERTY TAX APPEAL BD.

Plaintiffs, Richard T. Walsh and Barbara J. Welsch, appeal from an order of the circuit court of Tazewell County affirming the decision of the Property Tax Appeal Board (PTAB), which found that the Tazewell County Board of Review (Review Board) had properly established the 1992 equalized assessed valuation of $100,000 for the subject parcel of real property owned by the plaintiffs and located in Pekin Township, Tazewell County. The plaintiffs maintain that the subject property should have had an equalized assessed valuation of $40,850.

The issue presented for our consideration in this matter…