Case Summary
**Case Summary: Petersen Health Care II, Inc. v. Illinois Property Tax Appeal Board, Docket No. 4550793**
**Court:** Illinois Property Tax Appeal Board
**Docket Number:** 4550793
**Date:** [Insert Date of Decision]
**Background:**
Petersen Health Care II, Inc. (hereinafter "Petersen") is a healthcare provider that operates nursing homes in the state of Illinois. The case arose from Petersen's appeal concerning the property tax assessment conducted by the local tax authorities. Petersen challenged the property tax valuation and classification applied to its properties, claiming they were improperly assessed.
**Issues:**
The primary issues before the Illinois Property Tax Appeal Board (PTAB) included:
1. Whether Petersen's properties were eligible for a tax exemption based on their use as a healthcare facility.
2. The proper valuation of the properties in question, considering relevant state laws and regulations regarding property tax assessments.
**Arguments:**
Petersen argued that:
- Their facilities qualified for a property tax exemption under the Illinois Property Tax Code due to their operation as nursing homes.
- The assessment of their properties did not accurately reflect their value and burdens associated with maintaining healthcare operations.
The Illinois Property Tax Appeal Board (PTAB) defended the assessment conducted by the local tax authorities, arguing that:
- Petersen's properties did not meet the statutory criteria for exemption.
- The valuation methods employed were consistent with established standards and fairly represented the properties' worth.
**Decision:**
The PTAB ultimately ruled in favor of Petersen, finding that:
- The nursing home facilities operated by Petersen qualified for a property tax exemption based on their charitable purpose and the services provided to the community.
- The Board also adjusted the property valuation to align with the true market value and relevant regulatory standards.
**Impact:**
The decision underscored the standards for property tax exemptions in Illinois, particularly for healthcare facilities. It also highlighted the importance of accurate property assessment practices tailored to the nature of the services provided by such facilities.
Petersen Health Care II, Inc. successfully affirmed its right to a property tax exemption, significantly impacting its financial operations and affirming the principles of equitable taxation for charitable healthcare providers.
**Conclusion:**
The PTAB's ruling emphasizes the need for careful consideration of property use in tax assessments and the potential for appeal in cases of disputed valuations. Petersen's victory may influence similar healthcare providers seeking tax relief in Illinois.
**Note**: This summary is fictional and generated for illustrative purposes based on the provided case name and docket number. For actual case specifics, refer to legal databases or court records.