Residential Real Estate Assessment Appeal For Tax Year 2007 - Lake County Board Of Review Page 3

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Lake County Board of Review
Glossary of Terms for Residential Comparison Grid
Please note that it is very important to utilize properties that are similar to the subject property in
an appeal. The most up-to-date information necessary to complete this grid is available from
your local assessor’s office. It can also be obtained from the Chief County Assessment Office
web page (for most townships), from the Maps Online Application that can be found at
, and from street side views of parcels.
1. Permanent Index Number - This is the number that is used to identify your property. It
appears just above your name on the front of your assessment notice as well as appearing on
your tax bill.
2. Street Address - The common address used for your property.
3. Neighborhood - This is a very important criterion and every effort should be made to supply
this information. In most instances, the assessor has your property in an assessment
neighborhood. For some townships, this information is on the County website. If that is not
available to you, use the common description for the area in which the property is located.
4. Total Land Square Footage - For most residential parcels assessors have the total square
footage for each parcel available on the County website. There are other instances where
acreage is the common unit of comparison; for example, many areas have quarter acre lots.
In this instance, you may want to describe the lots in your comparison in a fashion such as
“.25 acre”.
5. Structure Type / Style / Number of Stories - This is a very important criterion and every
effort should be made to supply this information. This refers to the type of home in terms of
story height and style. The Board of Review is looking for whether the structures are 2-story,
ranch style, tri-level, bi-level, raised ranch and the like. This information is best gained from
a street side view of the properties. There are many instances where properties are one and
two story structures; if so, it is acceptable to note that in the field. For such a structure one
might place “Part 2 Story/Part 1 Story” in this spot on the grid.
6. Exterior Construction - The Board is looking for finish on the exterior of the house. For
example, brick, wood siding, aluminum siding and stucco are common exterior finish types.
There may be combinations such as “brick and frame” that are appropriate descriptions here.
7. Year Built / Effective Age - The Board of Review would like to know the approximate year
in which the property was built. Effective age is a characteristic of rehabbed or otherwise
modified properties and is calculated by the township assessor.
8. Number of Bathrooms - In this category, the Board of Review is looking for the number of
full baths (three, four and five fixture) and the number of half baths (sink and toilet) in the
structure. An example of how you might convey this would be “2 full, 1 half, or 2.5 baths”.
9. Living Area - The Board of Review is looking for the above ground square footage in the
structure.
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