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Saturday, April 27, 2024

$151,316 in overdue commercial property taxes in Elk Grove Village in Q4 2023

Property tax 2

As of Jan. 15, six commercial properties in Elk Grove Village 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 $151,316 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 six commercial properties in Elk Grove Village with unpaid 2021 taxes, according to BlockShopper.com.

Commercial properties in Elk Grove Village with unpaid 2021 taxes

Taxpayer NameProperty AddressMunicipalityTownshipPINTotal Tax DueTotal Due (Including Interest)
ELM Management, Corp.2800 E. Higgins RoadElk Grove VillageElk Grove08-26-410-001-0000$42,563$54,257
SVN Ricore ATTN L Maus2500 E. Devon Ave.Elk Grove VillageElk Grove08-35-404-069-0000$36,706$43,874
SVN Ricore ATTN L Maus2500 E. Devon Ave.Elk Grove VillageElk Grove08-35-404-070-0000$22,964$27,452
Patricia A. Wolf55 Gordon St.Elk Grove VillageElk Grove08-21-401-013-0000$9,919$11,864
SVN Ricore ATTN L Maus2500 E. Devon Ave.Elk Grove VillageElk Grove08-35-404-068-0000$7,064$8,452
SVN Ricore ATTN L Maus2500 E. Devon Ave.Elk Grove VillageElk Grove08-35-404-071-0000$4,523$5,415

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