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South Cook News

Sunday, November 24, 2024

Overdue commercial property taxes in Olympia Fields reach $1,445,311 in Q4 2023

Property tax 5

As of Jan. 15, eight commercial properties in Olympia Fields 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 $1,445,311 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 eight commercial properties in Olympia Fields with unpaid 2021 taxes, according to BlockShopper.com.

Commercial properties in Olympia Fields with unpaid 2021 taxes

Taxpayer NameProperty AddressMunicipalityTownshipPINTotal Tax DueTotal Due (Including Interest)
Governors Sai, LLC19900 Governors DriveOlympia FieldsRich31-14-200-027-0000$289,352$367,606
Governors Sai, LLC20000 Governors DriveOlympia FieldsRich31-14-200-025-0000$289,350$367,605
Governors Sai, LLC20200 Governors DriveOlympia FieldsRich31-14-200-010-0000$223,011$283,327
Governors Sai, LLC20280 Governors DriveOlympia FieldsRich31-14-200-006-0000$146,381$185,975
Sheldon Grad2605 Lincoln HighwayOlympia FieldsRich31-24-208-033-0000$92,667$124,647
Sheldon Grad2605 Lincoln HighwayOlympia FieldsRich31-24-208-022-0000$42,585$57,287
Sheldon Grad2605 Lincoln HighwayOlympia FieldsRich31-24-208-034-0000$24,462$32,911
Sheldon Grad2605 Lincoln HighwayOlympia FieldsRich31-24-208-023-0000$20,283$25,950

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