This translates to roughly $84,258 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 the commercial properties in Glenwood with unpaid 2021 taxes, according to BlockShopper.com.
| Taxpayer Name | Property Address | Municipality | Township | PIN | Total Tax Due | Total Due (Including Interest) |
|---|---|---|---|---|---|---|
| Letke & Associates | 4 Nugent Square | Glenwood | Bloom | 32-03-319-012-0000 | $55,746 | $71,224 |
| Nugent Main Square, LLC | 10 Nugent Square | Glenwood | Bloom | 32-03-319-014-1001 | $10,257 | $13,033 |
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