In a recent decision by the Illinois Property Tax Appeal Board (PTAB), a DeWitt County homeowner successfully challenged their property tax assessment, leading to a reduction in the assessed valuation. The case highlights critical issues surrounding assessment equity and the practice of “sale chasing” by taxing authorities.
The homeowner filed an appeal contesting the assessment of their property, a 15.62-acre farm with a two-story residence, citing both inequity in assessment and improper valuation methods. The appeal was made after the property’s assessment saw a significant increase following its purchase, raising concerns that the valuation was not based on a uniform methodology.
To support their claim, the appellant presented eight comparable properties located in the surrounding area, demonstrating discrepancies in assessment rates compared to their own home. Additionally, evidence was submitted showing that non-sold properties in the area had not experienced similar assessment increases.
One of the major arguments in the case was the practice of "sale chasing"—where assessors increase property valuations following a sale, despite the absence of improvements or significant market-wide changes. In this case, the appellant provided testimony and documentation indicating that:
After reviewing the evidence, the PTAB found in favor of the appellant, determining that the property was assessed unfairly and should be reduced. The Board agreed that the assessment was increased due to the sale and that the homeowner had provided clear and convincing evidence of unfair treatment.
As a result, the PTAB ordered a reduction in the home’s assessed value, aligning it more closely with comparable properties and ensuring fair taxation.
This case serves as an important reminder that homeowners have the right to challenge unfair property assessments. If a property is assessed significantly higher than similar properties, or if an increase occurs following a sale without justification, there may be grounds for an appeal.
If you believe your property has been unfairly assessed, our firm can assist with the appeal process, gathering the necessary evidence and advocating on your behalf before the PTAB or local Boards of Review.
Contact our office today to discuss your property tax concerns and explore potential options for reducing your tax burden. Marvel Law is here to serve you with purpose. Please contact us at 309-807-2885 for a FREE 15-minute consultation or email us so that we can help.
