Now the news that Shock sold his 4,100 sq ft, four-bedroom home to donor Ali Bahaj, at the time an executive at Peoria-based Caterpillar Inc., for $925,000, according to the Peoria County Supervisor of Assessments. That’s more than three times the total assessed value of the home of $255,240. A property appraiser based in the area and a state property tax official both told CNN it that the assessed value of a home in the state of Illinois represents a third of the estimated market value of the home. That would mean the assessor in this case estimated the market value of Schock’s home at $765,720, still significantly below the sale price.
–
His office did not respond to repeated requests for comment Friday and the Office of Congressional Ethics does not comment on pending investigations.
