This translates to roughly $122,776 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 three commercial properties in Lincolnwood with unpaid 2021 taxes, according to BlockShopper.com.
Taxpayer Name | Property Address | Municipality | Township | PIN | Total Tax Due | Total Due (Including Interest) |
---|---|---|---|---|---|---|
3757 W Touhy, LLC | 3757 W. Touhy Ave. | Lincolnwood | Niles | 10-35-104-072-0000 | $50,174 | $59,968 |
Foreveryoung Real Esta | 7350 N. Cicero Ave. | Lincolnwood | Niles | 10-28-420-032-0000 | $36,265 | $46,453 |
3757 W Touhy, LLC | 3757 W. Touhy Ave. | Lincolnwood | Niles | 10-35-104-071-0000 | $13,677 | $16,354 |