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South Cook News

Sunday, November 24, 2024

Overdue commercial property taxes in Thornton reach $420,179 in Q4 2023

Property tax 4

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

This translates to roughly $420,179 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 15 commercial properties in Thornton with unpaid 2021 taxes, according to BlockShopper.com.

Commercial properties in Thornton with unpaid 2021 taxes

Taxpayer NameProperty AddressMunicipalityTownshipPINTotal Tax DueTotal Due (Including Interest)
W Vinson or S Yenerich601 Parnell Ave.ThorntonThornton29-33-301-099-0000$70,742$90,183
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-091-0000$19,875$25,344
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-063-0000$19,874$25,343
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-064-0000$19,874$25,343
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-092-0000$19,874$25,343
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-093-0000$19,874$25,343
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-094-0000$19,874$25,343
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-060-0000$19,874$25,343
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-061-0000$19,874$25,343
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-088-0000$19,874$25,343
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-089-0000$19,874$25,343
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-090-0000$19,874$25,343
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-062-0000$19,873$25,342
Harry Banks203 William St.ThorntonThornton29-34-130-001-0000$12,948$16,222
Commercial Land Trust601 Ridge RoadThorntonThornton29-33-301-087-0000$7,563$9,650

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