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South Cook News

Saturday, April 27, 2024

Overdue commercial property taxes in Bridgeview reach $44,240 in Q4 2023

Money 4

As of Jan. 15, one commercial property in Bridgeview was delinquent on its 2021 property tax, according to the South Cook News analysis of data made available on the Cook County Treasurer's website.

This translates to roughly $44,240 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 property in Bridgeview with unpaid 2021 tax, according to BlockShopper.com.

Commercial property in Bridgeview with unpaid 2021 taxes

Taxpayer NameProperty AddressMunicipalityTownshipPINTotal Tax DueTotal Due (Including Interest)
Ideal Property Invest8460 Thomas Ave.BridgeviewLyons18-36-409-016-0000$34,693$44,239

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