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West Cook News

Thursday, November 21, 2024

How much did commercial taxpayers in Melrose Park owe in overdue property taxes in Q4 2023?

Tax 1

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

This translates to roughly $49,628 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 three commercial properties in Melrose Park with unpaid 2021 taxes, according to BlockShopper.com.

Commercial properties in Melrose Park with unpaid 2021 taxes

Taxpayer NameProperty AddressMunicipalityTownshipPINTotal Tax DueTotal Due (Including Interest)
Diamond Blast, Corp.1741 N. 30th Ave.Melrose ParkProviso15-04-203-025-0000$19,910$23,803
William Galioto1319 N. 25th Ave.Melrose ParkProviso15-03-308-021-0000$16,502$21,053
Real Estate Holdings120 Broadway St.Melrose ParkProviso15-10-105-042-0000$3,984$4,770

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