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Property Details
07-13-101-014-0000
1301 AMERICAN LN ● SCHAUMBURG, IL ● Schaumburg
Tax Details
Property Classification
517
Square Footage (Land)
186,450
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
N/A**
N/A**
Total Assessed Value
$706,106
$706,106
Land Assessed Value
$629,269
$629,269
Building Assessed Value
$76,837
$76,837
* “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
One story store
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 |
|---|---|---|---|---|---|---|---|---|
| 2022 | $1,112,877 (2021) | $1,028,291 | $1,112,877 | 549491 | PATRICK J CULLERTON | Appeal Review Complete | Assessed Value Adjusted - Income, Market or Cost | |
| 2021 | $820,003 (2020) | $820,003 | $820,003 | 308238 | PATRICK J CULLERTON | SCHAUMBURG BANQUET | Appeal Review Complete | Assessed Value Not Adjusted - This is due to income, market or cost analysis supporting the assessment. |
| 2020 | $625,000 (2019) | $820,000 | $1,024,515 | 127503 | PATRICK J CULLERTON | SCHAUMBURG BANQUEST | Appeal Review Complete | Assessed Value Adjusted - This result is based on a COVID-19 market value adjustment applied to your property. |
| 2019 | $728,435 (2018) | $668,791 | $1,024,513 | 173637 | PATRICK J CULLERTON | RIGHT CRONS INC | Appeal Review Complete | Assessed Value Adjusted - This is the result of the total vacancy of your property. |
| 2018 | $833,595 (2017) | $728,435 | $1,125,112 | 171279 | PATRICK J CULLERTON | 1301 AMERICAN LANE LLC | Appeal Review Complete | Assessed Value Adjusted - This is the result of the partial occupancy of your property. |
| 2017 | $1,125,008 (2016) | $1,060,652 | $1,125,008 | 9154383 | ALEXIA KATSAROS | 1301 AMERICAN LANE LLC | Appeal Review Complete | Assessed Value Adjusted - This is the result of the partial occupancy of your property along with an income, market or cost analysis. |
| 2016 | $1,176,841 (2015) | $1,397,498 | $1,397,498 | 158289 | MUTUAL BANK TRUST | MARK P. DOYLE | Appeal Review Complete | Assessed Value Not Adjusted - This is due to lack of data having been submitted for our review. |
| 2015 | $726,728 (2014) | $1,176,841 | $1,303,023 | 148403 | MUTUAL BANK TRUST | MARK P DOYLE | Appeal Review Complete | Assessed Value Adjusted - This is the result of an income, market or cost analysis. |
| 2014 | $726,008 (2013) | $726,728 | $1,303,024 | 114915 | MUTUAL BANK TRUST | PATRICK J CULLERTON | Appeal Review Complete | Assessed Value Adjusted - This is the result of the total vacancy of your property. |
| 2013 | $726,009 (2012) | $726,008 | $1,299,428 | 127179 | PATRICK J CULLERTON | Appeal Review Complete | Assessed Value Adjusted - This is the result of the total vacancy of your property. | |
| 2012 | $1,299,428 (2011) | $1,299,428 | $1,299,428 | 9118411 | PATRICK J CULLERTON | Appeal Review Complete | Assessed Value Not Adjusted - This is due to a Board of Review decision or reduction. |
Certificate of Error History
| Year | Certificate Number | Property Location | Issued Date | C of E Description | Reason | Comments |
|---|---|---|---|---|---|---|
| 2015 | 88387 | 1301 AMERICAN LN | 2024-11-26 | Commercial - No Exemptions | The value was based on income and exp. data. | Certificate of Error has been voided. |
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