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Property Details
07-11-202-037-0000
1695 PENNY LN ● SCHAUMBURG, IL ● Schaumburg
Tax Details
Property Classification
493
Square Footage (Land)
117,159
Neighborhood
100
Taxcode
35011
Next Scheduled Reassessment
2022
Assessed Valuation
2020 Assessor Certified values include adjustments, where applicable, for COVID-19 effects on property.
2024 Assessor Valuation
2023
Board of Review Certified
Board of Review Certified
Total Estimated Market Value
$1,730,650
$1,730,650
Total Assessed Value
$346,130
$346,130
Land Assessed Value
$187,454
$187,454
Building Assessed Value
$158,676
$158,676
* “Property Location” is not a legal/postal mailing address. Its sole purpose is to help our Office locate the property. Therefore, you should not utilize the property location for any purpose, however, you may update the Property Location with your Legal/Postal Mailing Address should you choose to do so. Updating the address will not change the Property Location to a Legal/Postal Mailing Address.
** Information may be available by submitting an FOIA Request
Exemption Status
| Year | Exemption type and amount |
|---|
Exemption History
Characteristics
Description
Not for profit industrial
Age
**
Building Square Footage
**
Assessment Phase
Assessor Valuation
1 Excluded from building square footage, except apartment
2 Excluded from building square footage
* “Property Location” is not a legal/postal mailing address. Its sole purpose is to help our Office locate the property. Therefore, you should not utilize the property location for any purpose, however, you may update the Property Location with your Legal/Postal Mailing Address should you choose to do so. Updating the address will not change the Property Location to a Legal/Postal Mailing Address.
** Information may be available by submitting an FOIA Request
Appeal History
| Year | Previous Board Certified | Assessor Post-Appeal Valuation | Assessor Valuation | Appeal Number | Attorney/Tax Representative | Applicant | Status | Result |
|---|---|---|---|---|---|---|---|---|
| 2023 | $346,130 (2022) | $346,130 | $346,130 | 809998 | NIKOS TSONIS | Appeal Review Complete | Assessed Value Not Adjusted - Insufficient Data | |
| 2019 | $391,732 (2018) | $419,689 | $524,614 | 9177092 | NIKOS TSONIS | AMER FOUNDRY SOCIETY | Appeal Review Complete | Assessed Value Adjusted - This is the result of a change in classification including an income, market or cost analysis. |
| 2016 | $462,787 (2015) | $464,333 | $588,230 | 154084 | AMER FOUNDRY SOCIETY | NIKOS TSONIS | Appeal Review Complete | Assessed Value Adjusted - This is the result of an income, market or cost analysis. |
| 2015 | $462,787 (2014) | Appeal work in progress | $462,787 | 9036961 | AMER FOUNDRY SOCIETY | NIKOS D TSONIS | Appeal Review Complete | - |
| 2014 | $509,847 (2013) | $462,787 | $509,847 | 115510 | AMER FOUNDRY SOCIETY | NIKOS D TSONIS | Appeal Review Complete | Assessed Value Adjusted - This is the result of an income, market or cost analysis. |
Certificate of Error History
| Year | Certificate Number | Property Location | Issued Date | C of E Description | Reason | Comments |
|---|---|---|---|---|---|---|
| 2018 | 59101 | 1695 PENNY LN | 2024-11-28 | Commercial - No Exemptions | The class was incorrect based on use of the property. | The Assessor's Office has completed processing the C of E. Please contact the Cook County Treasurer or the Cook County Clerk to determine whether you are entitled to a refund or if a balance is due. |
| 2013 | 56836 | 1695 PENNY LN | 2024-11-28 | Commercial - No Exemptions | The assessment was incorrect based on market data. | The Assessor's Office has completed processing the C of E. Please contact the Cook County Treasurer or the Cook County Clerk to determine whether you are entitled to a refund or if a balance is due. |
| 2012 | 0 | 1695 PENNY LN | 2024-11-28 | The evidence and/or arguments submitted do not establish that a reduction is warranted. |
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