This translates to roughly $352,996 in debts.
Illinois Republicans proposed a bill that aims to reduce the state's second-in-the-nation property taxes, arguing high taxes create "opportunity deserts" in minority communities and hinder economic growth. The bill claims to deliver 50% relief without affecting the state budget, though it could lower school levies in certain places.
Not only does Illinois hold the second-highest property taxes in the US, but a 2023 study found that the state has the highest overall tax rate in the country. A typical Illinoisian family pays around $10,463 in state and local taxes, which translates to approximately 15.05% of their average income.
The following table lists all seven commercial properties in Schaumburg with unpaid 2021 taxes, according to BlockShopper.com.
Taxpayer Name | Property Address | Municipality | Township | PIN | Total Tax Due | Total Due (Including Interest) |
---|---|---|---|---|---|---|
Rodeo Drive Management Company | 607 E. Golf Road | Schaumburg | Schaumburg | 07-14-101-016-0000 | $85,515 | $102,201 |
HS3, LLC | 1301 Basswood Road | Schaumburg | Schaumburg | 07-11-301-002-0000 | $76,593 | $91,539 |
ZH Real Estate, LLC | 1251 Basswood Road | Schaumburg | Schaumburg | 07-11-302-020-0000 | $67,310 | $80,024 |
Franklin J Furlett | 335 W. Wise Road | Schaumburg | Schaumburg | 07-34-100-011-0000 | $23,035 | $29,404 |
Jiffy Lube Internation | 801 W. Golf Road | Schaumburg | Schaumburg | 07-16-101-037-0000 | $21,535 | $25,744 |
A 1 American, LLC | 1212 Mitchell Blvd. | Schaumburg | Schaumburg | 07-33-200-047-0000 | $14,425 | $17,248 |
National Cat, Inc. | 919 Estes Ave. | Schaumburg | Schaumburg | 07-33-101-032-1003 | $5,709 | $6,833 |