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Petitioners further owned property in Chicago, Illinois,
which was their principal residence. This property was located
on two adjoining tracts of land. Petitioner testified that the
real estate taxes on this property were paid through petitioners’
mortgage loan with EMC Mortgage Corporation. Petitioner offered
into evidence a monthly billing statement dated December 16,
1999, from EMC Mortgage Corporation, along with a 1997 annual
billing statement to corroborate his testimony. Both documents
were received into evidence by the Court. Petitioner testified
that the taxes paid in 1999 were approximately similar to the
taxes paid in 1997. The monthly billing statement reflects four
instances of “County Tax Payments” during taxable year 1999;
September 8, October 7, October 11, and December 17, in the
amounts of $368.45, $381.59, $798.97, and $381.59, respectively.
The monthly billing statement reflects total real estate taxes
paid during taxable year 1999 in the amount of $1,930.60.
Petitioner testified that the reason for several individual
payments of tax was due to the fact that the property was located
on two tracts of land and the taxes were assessed per tract. The
1997 annual billing statement reflected two total tax amounts,
one for each separate tract of land, in the amounts of $736.89
and $736.89. The 1997 annual billing statement reflected a total
of real estate taxes paid in the amount of $1,473.78.
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