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Any evidence of market value being presented by the taxing district needs to be supplied to the Assessor,

the appellant and the Board of Review prior to the hearing.

HEARINGS

State law in Illinois holds that the equalized value of all property in Lake County shall be 33.33% of market

value as of January 1, 2004 (unless entitled to a statutorily defined preferential assessment). The purpose of

the appeal hearing is to evaluate the property assessment based upon evidence presented. The appellant

will be notified by U.S. Mail of the hearing date, time and place at least five (5) days in advance of said

hearing, unless they have chosen to have the Board decide their appeal based on the contents of the

submission, in which case there will be no hearing notice.

HEARING PROCESS

Because of the large volume of appeals before the Board of Review, most hearings are scheduled at fifteen

minute intervals. Please organize your material so that you can complete your testimony within the time

allowed. Hearings will be conducted in the following format:

The appellant or his/her representative can present testimony regarding the assessment and shall be required

to answer any questions of the Board of Review. The Township Assessor or a representative from his/her

office may also be present to give evidence concerning the property and its assessment. Each party can

then present closing or rebuttal remarks and then the hearing will close. The Board of Review will consider

the evidence and testimony and generally announce their decision at that time.

All hearings are open to the public. If a transcript of a hearing is desired, a court reporter will have to be

obtained at the expense of either the appellant, his/her agent or attorney prior to the hearing. If an appeal is

scheduled for hearing and the appellant has not made an appearance or placed a phone call to the Board at

the designated date and time, the Board will make their decision based on the evidence submitted with the

appeal, including any evidence submitted by the Assessor.

The Board of Review requires that township assessors submit their evidence for cases

pending to the Board office three business days prior to a scheduled hearing. The Board

office must receive the evidence at least three (3) business days prior to a scheduled

hearing. The Board of Review also strongly encourages township assessors to provide

appellants with township evidence prior to a scheduled hearing.

Any additional evidence provided by any party after the initial appeal filing should be shared with all other

parties involved prior to a scheduled hearing. Evidence submitted at the hearing by any party (appellant,

assessor or intervenor) may be accepted by the Board, however it may not be given the same weight as

evidence that is submitted in accordance with the Board rules.

MARKET VALUE APPEALS

Evidence must be presented to substantiate a contention of excessive market value. In cases involving

appraisals as evidence of value, three copies must be submitted to the Board of Review and one copy to the

Assessor. Appraisals must be forwarded to the Board of Review and the Assessor within ten calendar

days of the final filing date for appeals in that township. Please call the Board office or refer to our website

if you need your Assessor’s address information. Appraisals should indicate market value as of January 1,

2004.

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Commercial / Industrial Real Estate Assessment Appeal For Tax Year 2004 - Lake County, Illinois Page 4