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Will County Gazette

Thursday, November 21, 2024

10 of 200 highest-paying commercial property taxpayers in Chicago suburbs are located in Will County, paid $43M last year

Property tax 8

Ten of suburban Chicago’s 200 highest tax-paying commercial properties are in Will County, according to a Local Government Information Services (LGIS) analysis of property tax data from the Cook County treasurer. 

Collectively, these properties contributed $43.28 million to Will County’s public funds, which go toward municipal salaries and local school districts. 

LGIS ranked the commercial properties in suburban Chicago that were billed the most in the 2015 tax year. The 200 highest-paying properties paid $441 million; Will County made up 9.8 percent of this total. 

Will County – along with every other Illinois county except Cook County – assesses both commercial and residential properties at 33 percent of market value. Cook County is unique in that its commercial properties are capped at a 25 percent market value, while residential assessments are capped at 10 percent. 

That means Cook County commercial property taxpayers can pay more than double the taxes of residential properties with identical market values.

Exxon Mobil paid the most in Will County last year at $29.2 million for the Channahon property, or 67 percent of the total. The Exxon Mobil property also paid the highest in the entire Chicago suburbs. Solo Cup Warehouse properties in University Park were billed at a combine $3.85 million, followed by the Walmart Distribution Center properties in Elwood at $3.30 million, and Flint Hills Resources in Channahon at $1.52 million. 

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Top Commercial Property Taxpayers in Will County

RankOverall RankPropertyTaxes PaidCityAddress
11Exxon Mobil$29,298,159Channahon25909 S Frontage Rd E, Channahon, IL 60410

238Solo Cup Warehouse$2,252,055University Park701 Central Ave, University Park, IL 60449

374Walmart Distribution Center$1,702,568Elwood26537 S Centerpoint Dr, Elwood, IL 60421

483Solo Cup Warehouse$1,602,868University Park701 Central Ave, University Park, IL 60449

586Walmart Distribution Center$1,598,501Elwood26453 S Centerpoint Dr, Elwood, IL 60421

698Flint Hills Resources$1,522,529Channahon23425 W Amoco Rd, Channahon, IL 60410

7104Commerce Center at University Park$1,489,577University Park702 Commerce Center Dr, University Park, IL 60449

8148Central Grocers, Inc. $1,292,231Joliet2600 W Haven Ave, Joliet, IL 60433

9149BlueLinx Corporation$1,291,066University Park2101 W Dralle Rd, University Park, IL 60449

10164Dollar Tree Distribution Center$1,237,542Joliet300 Dollar Tree Ln, Joliet, IL 60436

TOTAL$43,287,097

Source: Cook County Treasurer

Top 30 Commercial Property Taxpayers in Chicago Suburbs

Overall RankPropertyTaxes PaidCityAddress
1Exxon Mobil$29,298,159Channahon25909 S Frontage Rd E, Channahon, IL 60410

2Woodfield Mall$23,865,859Schaumburg1000 E Woodfield Rd, Schaumburg, IL 60173

3Westfield Old Orchard Shopping Center$13,908,398Skokie9200 Skokie Blvd, Skokie, IL 60077

4Orland Square$9,065,412Orland Park55 Orland Square Dr, Orland Park, IL 60462

5AT&T$7,140,842Hoffman Estates2000 Ameritech Dr, Hoffman Estates, IL 60192

6Abbott Laboratories$6,844,475Lake Bluff13652 W Buckley Rd, Lake Bluff, IL 60044

7Rivers Casino$6,440,231Des Plaines3170 Des Plaines River Rd, Des Plaines, IL 60018

8Fashion Outlets of Chicago$6,166,593Rosemont5220 Fashion Outlets Way, Rosemont, IL 60018

9Chicago Ridge Mall$5,975,209Chicago Ridge9500 S Ridgeland Ave, Chicago Ridge, IL 60453

10Hyatt Regency O'Hare$4,981,285Rosemont9300 Bryn Mawr Ave, Rosemont, IL 60018

11Gurnee Mills$4,817,887Gurnee6170 Grand Ave, Gurnee, IL 60031

12Northbrook Court$4,662,511Northbrook1515 Lake Cook Rd, Northbrook, IL 60062

13River Oaks Center$4,555,412Calumet City96 River Oaks Dr, Calumet City, IL 60409

14North Riverside Park Mall$4,420,999North Riverside7501 Cermak Rd, North Riverside, IL 60546

15The Streets of Woodfield$3,726,401Schaumburg601 N Martingale Rd, Schaumburg, IL 60173

16Microsoft Data Center$3,662,404Northlake601 Northwest Ave, Northlake, IL 60164

17Woodfield Corporate Center$3,508,910Schaumburg425 N Martingale Rd, Schaumburg, IL 60173

18Luther Village$3,393,016Arlington Heights1225 Luther Ln, Arlington Heights, IL 60004

19Navistar Inc.$3,257,257Lisle2500 Warrenville Road, Lisle, IL 60532

204500 West Touhy $3,116,104Lincolnwood4500 W Touhy Ave, Lincolnwood, IL 60712

21Continental Towers$2,994,468Rolling Meadows1701 W Golf Rd, Rolling Meadows, IL 60008

22Vista Medical Center East$2,885,760Waukegan1324 N Sheridan Rd, Waukegan, IL 60085

23Fox Valley Mall$2,844,075Aurora195 Fox Valley Center Dr, Aurora, IL 60504

24UPS$2,798,369Hodgkins1 Ups Way, Hodgkins, IL 60525

25Woodfield Village Green$2,662,540Schaumburg1400 W Golf Rd, Schaumburg, IL 60173

26Old Orchard Towers$2,629,305Skokie5202 Old Orchard Rd, Skokie, IL 60077

27One O'Hare Centre$2,582,273Rosemont6250 N River Rd, Rosemont, IL 60018

28Tarantula Ventures$2,517,692Elk Grove Village2200 Busse Rd, Elk Grove Village, IL 60007

29Former Motorola Campus$2,511,526Schaumburg1301 E Algonquin Rd, Schaumburg, IL 60173

30Zurich Towers$2,495,496Schaumburg1450 American Ln, Schaumburg, IL 60173

Source: Cook County Treasurer

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