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North Cook News

Sunday, December 22, 2024

$122,776 in overdue commercial property taxes in Lincolnwood in Q4 2023

Property tax 6

As of Jan. 15, three commercial properties in Lincolnwood were delinquent on their 2021 property taxes, according to the North Cook News analysis of data made available on the Cook County Treasurer's website.

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.

Commercial properties in Lincolnwood with unpaid 2021 taxes

Taxpayer NameProperty AddressMunicipalityTownshipPINTotal Tax DueTotal Due (Including Interest)
3757 W Touhy, LLC3757 W. Touhy Ave.LincolnwoodNiles10-35-104-072-0000$50,174$59,968
Foreveryoung Real Esta7350 N. Cicero Ave.LincolnwoodNiles10-28-420-032-0000$36,265$46,453
3757 W Touhy, LLC3757 W. Touhy Ave.LincolnwoodNiles10-35-104-071-0000$13,677$16,354

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