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Friday, March 29, 2024

Twenty-nine of Chicago suburbs’ top 200 highest-paying commercial property taxpayers located in South Cook County, paid $58M last year

Orlandsquare

Orland Square in Orland Park, IL, paid more than $9 million in property taxes last year, second-highest in the suburban Chicago region.

Orland Square in Orland Park, IL, paid more than $9 million in property taxes last year, second-highest in the suburban Chicago region.

Twenty-nine of suburban Chicago’s 200 highest tax-paying commercial properties are in southern Cook County, according to a Local Government Information Services (LGIS) analysis of property tax data from the Cook County Treasurer. Collectively, these 29 properties contributed $58.93 million to Cook County’s public funds, which go towards municipal salaries and local school districts. 

LGIS ranked the commercial properties in suburban Chicago that were billed the most in the 2015 tax year. The 200 highest-paying properties paid $441 million; southern Cook County made up 13.3 percent of this total. 

Cook County is unique in Illinois in that it assesses property taxes for commercial properties differently than for residential properties. While Cook County residential property tax assessments are capped at 10 percent of market value, commercial and industrial properties are capped at 25 percent. 

That means Cook County commercial property taxpayers can pay more than double the taxes of residential properties with identical market values.

Orland Square’s owners paid the most in southern Cook County last year at $9.06 million for the Orland Park shopping mall, or 15.3 percent of the total. Chicago Ridge Mall in Chicago Ridge was billed at $5.97 million, followed by River Oaks Center in Calumet City at $4.55 million and Manheim Chicago in Matteson at $2.22 million. 

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Top Commercial Property Taxpayers in South Cook County

Rank

Overall RankPropertyTaxes PaidCityAddress
14Orland Square$9,065,411.77Orland Park55 Orland Square Dr, Orland Park, IL 60462

29Chicago Ridge Mall$5,975,209.04Chicago Ridge9500 S Ridgeland Ave, Chicago Ridge, IL 60453

313River Oaks Center$4,555,411.88Calumet City96 River Oaks Dr, Calumet City, IL 60409

439Manheim Chicago$2,227,881.47Matteson20401 S Cox Ave, Matteson, IL 60423

541200 Lincoln Mall Drive$2,156,707.01Matteson200 Lincoln Mall Dr, Matteson, IL 60443

646Ford Motor Co Chicago Stamping Plant$2,083,418.58Chicago Heights701 Lincoln Hwy, Chicago Heights, IL 60411

750Lake View Plaza$2,072,622.60Orland Park15750 S La Grange Rd, Orland Park, IL 60462

854Calumet Center$2,000,520.42Calumet City500 River Oaks Dr, Calumet City, IL 60409

960Walmart - Matteson$1,937,264.53Matteson21410 Cicero Ave, Matteson, IL 60443

10729900 S Ridgeland Ave$1,745,131.57Chicago Ridge9900 S Ridgeland Ave, Chicago Ridge, IL 60415

1178Country Club Plaza$1,678,962.95Country Club Hills16750 Pulaski Rd, Country Club Hills, IL 60478

1291Walmart$1,561,262.20Glenwood103 Holbrook Rd, Glenwood, IL 60425

131074020 W 211th St$1,474,719.90Matteson4020 W 211Th St, Matteson, IL 60443

14113Holiday Inn Chicago-Tinley Park-Convention Center$1,455,748.46Tinley Park18501 Harlem Ave, Tinley Park, IL 60477

15120Southfield Plaza$1,415,221.72Bridgeview8715 Harlem Ave, Bridgeview, IL 60455

16127Orland Park Place$1,368,163.37Orland Park230 Orland Park Pl, Orland Park, IL 60462

17135The Evergreen Marketplace$1,352,002.94Evergreen Park9330 S Western Ave, Evergreen Park, IL 60805

18140Target$1,322,263.93Oak Lawn4100 W 95Th St, Oak Lawn, IL 60453

19150Former Sears$1,287,729.38Calumet City1060 159Th St, Calumet City, IL 60409

20154Rivercrest Shopping Center$1,265,871.88Crestwood4981 Cal Sag Rd, Crestwood, IL 60445

21156Ingredion Argo Plant$1,260,817.31Bedford Park6400 Archer Ave, Bedford Park, IL 60638

22157Tinley Park Plaza$1,259,574.54Tinley Park15917 S Harlem Ave, Tinley Park, IL 60477

23159Matteson Center$1,249,402.75Matteson4840 W 211Th St, Matteson, IL 60443

24170ManorCare Health Services - South Holland$1,218,303.82South Holland2145 E 170Th St, South Holland, IL 60473

25174The Landings$1,206,191.86Lansing16771 Torrence Ave, Lansing, IL 60438

26176The Professional Building$1,203,776.03Evergreen Park9730 S Western Ave, Evergreen Park, IL 60805

27184Bedford City Square$1,193,537.61Bedford Park7050 S Cicero Ave, Bedford Park, IL 60638

28187Walmart Supercenter$1,182,036.55Crestwood4700 W 135Th St, Crestwood, IL 60445

29194Washington Park Plaza$1,162,332.06Homewood17800 Halsted St, Homewood, IL 60430

TOTAL$58,937,498.13

Source: Cook County Treasurer.

 

 Top 30 Commercial Property Taxpayers in Chicago Suburbs

Overall RankPropertyTaxes PaidCityAddress
1Exxon Mobil$29,298,159Channahon25909 S Frontage Rd E, Channahon, IL 60410

2Woodfield Mall$23,865,859Schaumburg1000 E Woodfield Rd, Schaumburg, IL 60173

3Westfield Old Orchard Shopping Center$13,908,398Skokie9200 Skokie Blvd, Skokie, IL 60077

4Orland Square$9,065,412Orland Park55 Orland Square Dr, Orland Park, IL 60462

5AT&T$7,140,842Hoffman Estates2000 Ameritech Dr, Hoffman Estates, IL 60192

6Abbott Laboratories$6,844,475Lake Bluff13652 W Buckley Rd, Lake Bluff, IL 60044

7Rivers Casino$6,440,231Des Plaines3170 Des Plaines River Rd, Des Plaines, IL 60018

8Fashion Outlets of Chicago$6,166,593Rosemont5220 Fashion Outlets Way, Rosemont, IL 60018

9Chicago Ridge Mall$5,975,209Chicago Ridge9500 S Ridgeland Ave, Chicago Ridge, IL 60453

10Hyatt Regency O'Hare$4,981,285Rosemont9300 Bryn Mawr Ave, Rosemont, IL 60018

11Gurnee Mills$4,817,887Gurnee6170 Grand Ave, Gurnee, IL 60031

12Northbrook Court$4,662,511Northbrook1515 Lake Cook Rd, Northbrook, IL 60062

13River Oaks Center$4,555,412Calumet City96 River Oaks Dr, Calumet City, IL 60409

14North Riverside Park Mall$4,420,999North Riverside7501 Cermak Rd, North Riverside, IL 60546

15The Streets of Woodfield$3,726,401Schaumburg601 N Martingale Rd, Schaumburg, IL 60173

16Microsoft Data Center$3,662,404Northlake601 Northwest Ave, Northlake, IL 60164

17Woodfield Corporate Center$3,508,910Schaumburg425 N Martingale Rd, Schaumburg, IL 60173

18Luther Village$3,393,016Arlington Heights1225 Luther Ln, Arlington Heights, IL 60004

19Navistar Inc.$3,257,257Lisle2500 Warrenville Road, Lisle, IL 60532

204500 West Touhy $3,116,104Lincolnwood4500 W Touhy Ave, Lincolnwood, IL 60712

21Continental Towers$2,994,468Rolling Meadows1701 W Golf Rd, Rolling Meadows, IL 60008

22Vista Medical Center East$2,885,760Waukegan1324 N Sheridan Rd, Waukegan, IL 60085

23Fox Valley Mall$2,844,075Aurora195 Fox Valley Center Dr, Aurora, IL 60504

24UPS$2,798,369Hodgkins1 Ups Way, Hodgkins, IL 60525

25Woodfield Village Green$2,662,540Schaumburg1400 W Golf Rd, Schaumburg, IL 60173

26Old Orchard Towers$2,629,305Skokie5202 Old Orchard Rd, Skokie, IL 60077

27One O'Hare Centre$2,582,273Rosemont6250 N River Rd, Rosemont, IL 60018

28Tarantula Ventures$2,517,692Elk Grove Village2200 Busse Rd, Elk Grove Village, IL 60007

29Former Motorola Campus$2,511,526Schaumburg1301 E Algonquin Rd, Schaumburg, IL 60173

30Zurich Towers$2,495,496Schaumburg1450 American Ln, Schaumburg, IL 60173

Source: Cook County Treasurer

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