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Thursday, April 18, 2024

Chicago’s top 200 highest-paying commercial property taxpayers paid more than $800M last year

Willistower

Willis Tower paid the highest commercial property taxes in Chicago last year, at $26.5 million. | HaSt via Wikimedia Commons

Willis Tower paid the highest commercial property taxes in Chicago last year, at $26.5 million. | HaSt via Wikimedia Commons

The 200 highest tax-paying commercial properties in Chicago contributed a total of $805 million to Cook County’s public funds last year, according to a Local Government Information Services (LGIS) analysis of property tax data from the Cook County treasurer.

LGIS ranked the commercial properties in Chicago and its suburbs that were billed the most in the 2015 tax year. Out of the top 200 in the Chicago region, 148 properties, or 74 percent, were located in Chicago city limits.

Cook County is unique in Illinois in that it assesses property taxes for commercial properties differently than for residential properties. While residential property tax assessments are capped at 10 percent of market value, commercial and industrial properties are capped at 25 percent. 

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

Willis Tower’s owners paid the most in taxes last year at $26.57 million, or 3.3 percent of the total of $805 million. Aon Center paid $16.42 million, followed by Blue Cross Blue Shield Tower at $16.39 million, Water Tower Place at $14.80 million and 300 North LaSalle at $14.36 million. 

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Top 200 Commercial Property Taxpayers in Chicago 

RankingPropertyTaxes PaidAddress
1Willis Tower$26,570,654233 S Wacker Dr, Chicago, IL 60606
2Aon Center$16,418,435200 E Randolph St, Chicago, IL 60601
3Blue Cross Blue Shield Tower$16,386,783300 E Randolph St, Chicago, IL 60601
4Water Tower Place$14,797,106845 N Michigan Ave, Chicago, IL 60611
5300 North LaSalle$13,465,862150 W Carroll Ave, Chicago, IL 60610
6The Franklin$13,356,592227 W Monroe St, Chicago, IL 60606
7Chase Tower$13,278,37410 S Dearborn St, Chicago, IL 60603
8Citadel Center$12,861,242131 S Dearborn St, Chicago, IL 60603
9One Prudential Plaza$12,827,212130 E Randolph St, Chicago, IL 60601
10Three First National Plaza$12,533,82870 W Madison St, Chicago, IL 60602
11Citigroup Center$11,115,267500 W Madison St, Chicago, IL 60661
12Lakeside Technology Center$10,251,731350 E Cermak Rd, Chicago, IL 60616
13One North Wacker$10,203,6581 N Wacker Dr, Chicago, IL 60606
14900 N. Michigan Shops$9,291,838900 N Michigan Ave, Chicago, IL 60611
15Leo Burnett Building$9,291,74335 W Wacker Dr, Chicago, IL 60601
16Hyatt Center$9,178,055300 W Monroe St, Chicago, IL 60606
17CME Center$9,110,41230 S Wacker Dr, Chicago, IL 60606
18155 North Wacker$8,917,573155 N Wacker Dr, Chicago, IL 60606
19The Merchandise Mart$8,911,066222 Merchandise Mart Plz, Chicago, IL 60610
20The Merchandise Mart$8,817,974320 N Wells St, Chicago, IL 60610
21River North Point$8,787,336350 N Orleans St, Chicago, IL 60610
22191 South Wacker$8,622,758191 N Wacker Dr, Chicago, IL 60606
23The Field Building$8,529,570135 S La Salle St, Chicago, IL 60603
24The Franklin$7,804,985222 W Adams St, Chicago, IL 60606
25320 South Franklin$7,711,696320 S Franklin St, Chicago, IL 60606
26CME Center$7,587,93130 S Wacker Dr, Chicago, IL 60606
27321 North Clark$7,459,169315 N Clark St, Chicago, IL 60610
28Sheraton Grand Chicago$7,365,386301 E North Water St, Chicago, IL 60611
29The Fifth Third Center$7,259,640222 S Riverside Plz, Chicago, IL 60606
30111 East Wacker$6,665,676111 Ne Wacker Dr, Chicago, IL 60601
31600 West Chicago$6,366,485600 W Chicago Ave, Chicago, IL 60610
32The Peninsula Chicago$5,715,530108 E Superior St, Chicago, IL 60611
33401 N. Michigan Ave.$5,702,269401 N Michigan Ave, Chicago, IL 60611
34333 West Wacker$5,693,555333 W Wacker Dr, Chicago, IL 60606
35300 South Riverside Plaza$5,680,623300 S Riverside Plz, Chicago, IL 60606
36Chase Tower$5,579,3287 S Dearborn St, Chicago, IL 60603
37111 South Wacker$5,283,333111 S Wacker Dr, Chicago, IL 60606
382 Illinois Center$5,276,134233 N Michigan Ave, Chicago, IL 60601
39Michigan Plaza$5,227,775205 N Michigan Ave, Chicago, IL 60601
40200 South Wacker Drive$5,130,885200 S Wacker Dr, Chicago, IL 60606
41Hilton Downtown Chicago$5,116,477720 S Michigan Ave, Chicago, IL 60605
42200 West Madison$5,047,090200 W Madison St, Chicago, IL 60606
43222 North LaSalle$4,900,193222 N La Salle St, Chicago, IL 60601
44One North Wacker$4,815,2311 N Wacker Dr, Chicago, IL 60606
45One South Dearborn$4,790,3041 S Dearborn St, Chicago, IL 60603
46500 West Monroe$4,769,154500 W Monroe St, Chicago, IL 60661
47Five One Five North State$4,733,860515 N State St, Chicago, IL 60611
48175 West Jackson$4,652,286175 W Jackson Blvd, Chicago, IL 60604
49180 North LaSalle $4,626,959180 N La Salle St, Chicago, IL 60601
50175 West Jackson$4,624,538166 W Van Buren St, Chicago, IL 60604
51161 North Clark$4,569,640161 N Clark St, Chicago, IL 60601
52Michigan Plaza$4,520,794225 N Michigan Ave, Chicago, IL 60601
53NBC Tower$4,512,430454 N Columbus Dr, Chicago, IL 60611
54325 North Wells$4,505,979325 N Wells St, Chicago, IL 60610
55525 West Monroe$4,447,045525 W Monroe St, Chicago, IL 60661
56Hyatt Regency Chicago$4,360,287151 E Wacker Dr, Chicago, IL 60601
57CDW Plaza$4,295,285120 S Riverside Plz, Chicago, IL 60606
58CDW Plaza$4,282,78810 S Riverside Plz, Chicago, IL 60606
59Hyatt Regency Chicago$4,142,943151 E Wacker Dr, Chicago, IL 60601
60Hyatt Center$3,947,89071 S Wacker Dr, Chicago, IL 60606
61Citadel Center$3,920,613131 S Dearborn St, Chicago, IL 60603
62101 North Wacker$3,898,556101 N Wacker Dr, Chicago, IL 60606
63Omni Hotel Chicago$3,848,164676 N Michigan Ave, Chicago, IL 60611
64Grant Thornton Tower$3,636,757161 N Clark St, Chicago, IL 60601
65525 West Van Buren$3,609,979525 W Van Buren St, Chicago, IL 60607
66111 North Canal$3,491,276101 N Canal St, Chicago, IL 60661
67400 North Dearborn$3,482,333400 N Dearborn St, Chicago, IL 60654
6830 North LaSalle$3,459,22530 N La Salle St, Chicago, IL 60602
69Two North LaSalle$3,435,8612 N La Salle St, Chicago, IL 60602
70123 North Wacker$3,394,443123 N Wacker Dr, Chicago, IL 60606
7130 West Monroe$3,305,825111 S Dearborn St, Chicago, IL 60603
72Renaissance Chicago Downtown Hotel$3,303,2891 W Wacker Dr, Chicago, IL 60601
7377 South Wacker$3,295,40677 S Wacker Dr, Chicago, IL 60606
74Stone Container Building$3,279,321150 N Michigan Ave, Chicago, IL 60602
75120 South LaSalle$3,217,813120 S La Salle St, Chicago, IL 60603
76Fairmont Millenium Park$3,183,897200 N Columbus Dr, Chicago, IL 60601
771611 South Canal$3,152,5551161 S Canal St, Chicago, IL 60607
78Swissotel Chicago$3,146,528323 E Randolph St, Chicago, IL 60601
79111 West Jackson$3,138,970111 W Jackson Blvd, Chicago, IL 60604
80100 South Wacker$3,119,099100 S Wacker Dr, Chicago, IL 60606
81United Airlines - O'Hare Airport$3,099,5691 Ohare Interntl Airport, Chicago, IL 60651
82Hartford Plaza South$3,098,435150 S Wacker Dr, Chicago, IL 60606
8355 West Monroe$3,069,67955 W Monroe St, Chicago, IL 60603
84801 South Canal$3,069,369801 S Canal St, Chicago, IL 60607
85Chicago Board of Trade$3,064,795141 W Jackson Blvd, Chicago, IL 60604
86The Boeing Corporate Headquarters$3,056,714100 N Riverside St, Chicago, IL 60606
87209 East Lake Shore Drive$3,013,753209 E Lake Shore Dr, Chicago, IL 60611
88Harris Bank Building$2,991,480115 S La Salle St, Chicago, IL 60603
89The Shoreham Rentals$2,975,37230 E South Water St, Chicago, IL 60601
90The U.S. Bank Building$2,971,339190 S La Salle St, Chicago, IL 60603
91One South Wacker$2,967,8331 S Wacker Dr, Chicago, IL 60606
92Palmer House Hilton$2,924,79717 E Monroe St, Chicago, IL 60603
93440 South LaSalle$2,921,969440 S La Salle St, Chicago, IL 60605
94111 South Wacker Drive$2,896,951111 S Wacker Dr, Chicago, IL 60606
95The Drake Hotel Chicago$2,831,840140 E Walton St, Chicago, IL 60611
96Hilton Chicago O'Hare Airport$2,817,4061 Ohare Interntl Airport, Chicago, IL 60651
97900 N. Michigan Shops$2,813,283900 N Michigan Ave, Chicago, IL 60611
98440 South LaSalle $2,804,967440 S La Salle St, Chicago, IL 60605
99Embassy Suites Chicago Downtown$2,790,707511 N Columbus Dr, Chicago, IL 60611
100PNC Centre at One North Franklin$2,758,5431 N Franklin St, Chicago, IL 60606
101420 West Washington$2,754,930420 W Washington St, Chicago, IL 60606
102Pepsico Chicago Building$2,752,830555 W Monroe St, Chicago, IL 60661
1031500 Lake Shore$2,750,5851500 N Lake Shore Dr, Chicago, IL 60610
104The Peninsula Chicago$2,677,956108 E Superior St, Chicago, IL 60611
105180 East Delaware$2,660,412180 E Delaware Pl, Chicago, IL 60611
10677 West Wacker Drive$2,655,40277 W Wacker Dr, Chicago, IL 60601
107Bank of America Plaza$2,639,872540 W Madison St, Chicago, IL 60661
108The Burnham Center$2,620,416111 W Washington St, Chicago, IL 60602
109600 N. Michigan Ave.$2,608,964600 N Michigan Ave, Chicago, IL 60611
110Triangle Plaza$2,584,9978750 W Bryn Mawr Ave, Chicago, IL 60631
111One North Wacker$2,569,9321 N Wacker Dr, Chicago, IL 60606
112Marriott Downtown Magnificent Mile$2,567,588540 N Michigan Ave, Chicago, IL 60611
113181 West Madison$2,555,20315 S Wells St, Chicago, IL 60603
114Two North Riverside Plaza$2,528,696400 W Madison St, Chicago, IL 60606
115900 North Kingsbury$2,491,717900 N Kingsbury St, Chicago, IL 60610
116Lake Shore Place$2,471,291666 N Lake Shore Dr, Chicago, IL 60611
11733 West Monroe$2,468,27333 W Monroe St, Chicago, IL 60603
118American Airlines - O'Hare Airport$2,463,8181 Ohare Interntl Airport, Chicago, IL 60651
119200 West Jackson$2,454,719200 W Jackson Blvd, Chicago, IL 60606
120540 West Madison$2,424,11630 N Clinton St, Chicago, IL 60661
121550 West Adams$2,395,494550 W Adams St, Chicago, IL 60661
122Aqua at Lakeshore East$2,380,486225 N Columbus Dr, Chicago, IL 60601
123231 South LaSalle$2,379,814231 S La Salle St, Chicago, IL 60604
124120 North LaSalle$2,335,988120 N La Salle St, Chicago, IL 60602
125East Bank Club$2,319,740402 N Kingsbury St, Chicago, IL 60610
126The U.S. Bank Building$2,313,340190 S La Salle St, Chicago, IL 60603
127303 West Madison$2,298,362303 W Madison St, Chicago, IL 60606
128840 N. Michigan Ave.$2,290,574840 N Michigan Ave, Chicago, IL 60611
129Hilton Garden Inn Chicago Downtown/Magnificent Mile$2,273,96710 E Grand Ave, Chicago, IL 60611
130W Chicago - Lakeshore$2,267,842644 N Lake Shore Dr, Chicago, IL 60611
131The Westin Michigan Avenue$2,224,785909 N Michigan Ave, Chicago, IL 60611
132Railway Exchange Building$2,221,857224 S Michigan Ave, Chicago, IL 60604
133FBI Chicago Field Office$2,213,3572111 W Roosevelt Rd, Chicago, IL 60608
134541 North Fairbanks$2,211,776541 N Fairbanks Ct, Chicago, IL 60611
135200 West Adams$2,210,024200 W Adams St, Chicago, IL 60603
136One North LaSalle$2,197,0131 N La Salle St, Chicago, IL 60602
137111 South Wacker Drive$2,173,538111 S Wacker Dr, Chicago, IL 60606
13825 East Washington$2,164,18425 E Washington St, Chicago, IL 60602
139Liberty Plaza$2,152,483222 N La Salle St, Chicago, IL 60601
140Hotel Intercontinental Chicago$2,141,176501 N Michigan Ave, Chicago, IL 60611
141Ford City Mall$2,140,5297601 S Cicero Ave, Chicago, IL 60652
142900 N. Michigan Shops$2,119,112900 N Michigan Ave, Chicago, IL 60611
143Chicago Board of Trade$2,086,106141 W Jackson Blvd, Chicago, IL 60604
144225 West Washington$2,081,84923 N Franklin St, Chicago, IL 60606
145645 North Michigan Ave$2,061,516645 N Michigan Ave, Chicago, IL 60611
146W Chicag - City Center$2,048,550172 W Adams St, Chicago, IL 60603
147Triangle Plaza$2,041,4688406 W Bryn Mawr Ave, Chicago, IL 60631
148The Ritz-Carlton, Chicago$2,034,050160 E Pearson St, Chicago, IL 60611
14920 West Kinzie$2,033,56628 W Kinzie St, Chicago, IL 60610
150Tower Self Park$2,016,075211 W Adams St, Chicago, IL 60606
151United Center$1,992,4951901 W Madison St, Chicago, IL 60612
152303 East Wacker$1,974,368303 E Wacker Dr, Chicago, IL 60601
153Borg-Warner Building$1,961,959200 S Michigan Ave, Chicago, IL 60603
154525 West Monroe$1,893,263525 W Monroe St, Chicago, IL 60661
155Harris Bank Addition I$1,887,488111 W Monroe St, Chicago, IL 60603
156The Avenue Crowne Plaza Chicago$1,883,997160 E Huron St, Chicago, IL 60611
157CNA Center$1,880,554333 S Wabash Ave, Chicago, IL 60604
158Grand Plaza Apartments East Tower$1,869,583540 N State St, Chicago, IL 60654
159631 W Madison$1,863,439631 W Madison St, Chicago, IL 60661
160The Lofts at Roosevelt Collection$1,859,946150 W Roosevelt Rd, Chicago, IL 60607
161One Congress Center$1,846,419401 S State St, Chicago, IL 60605
162One Superior Place$1,841,9401 W Superior St, Chicago, IL 60610
163550 West Jackson$1,835,747550 W Jackson Blvd, Chicago, IL 60661
164Union Tower$1,832,459550 W Van Buren St, Chicago, IL 60661
165550 West Adams$1,801,871550 W Adams St, Chicago, IL 60661
166555 West Adams$1,801,727555 W Adams St, Chicago, IL 60661
167321 North Clark$1,792,797315 N Clark St, Chicago, IL 60610
168303 East Wacker Drive$1,792,301300 E Wacker Dr, Chicago, IL 60601
169Marriott Downtown Magnificent Mile$1,791,342540 N Michigan Ave, Chicago, IL 60611
170Double Tree Chicago: Magnificent Mile$1,787,674611 N Fairbanks Ct, Chicago, IL 60611
171161 West Washington$1,772,904161 W Washington St, Chicago, IL 60602
172The Federal Reserve Bank of Chicago$1,766,399230 S La Salle St, Chicago, IL 60604
173830 N Michigan Ave$1,745,268830 N Michigan Ave, Chicago, IL 60611
174AT&T 10 South Canal$1,741,03910 S Canal St, Chicago, IL 60661
175The Streeter$1,740,836345 E Ohio St, Chicago, IL 60611
176Aqua at Lakeshore East$1,718,137225 N Columbus Dr, Chicago, IL 60601
177CBOE Building$1,711,465400 S La Salle St, Chicago, IL 60605
178One North Wacker$1,709,3711 N Wacker Dr, Chicago, IL 60606
179Wrigley Field$1,707,4351060 W Addison Ave, Chicago, IL 60613
180United Center$1,702,5271859 W Madison St, Chicago, IL 60612
181The Tides$1,700,002360 E Wacker Dr, Chicago, IL 60601
182Bank of America Building$1,697,407230 S Clark St, Chicago, IL 60604
18341 South Wells$1,692,50441 S Wells St, Chicago, IL 60603
184111 South Wacker$1,691,354111 Sw Wacker Dr, Chicago, IL 60606
185625 N Michigan Ave$1,691,218625 N Michigan Ave, Chicago, IL 60611
186Courtyard Chicago Downtown/River North$1,682,7934 E Hubbard St, Chicago, IL 60611
187Loop Transportation Center$1,679,686203 N La Salle St, Chicago, IL 60601
188Two First National Plaza$1,678,93320 S Clark St, Chicago, IL 60603
189One South Wacker$1,666,6831 S Wacker Dr, Chicago, IL 60606
190The Westin Chicago River North$1,661,471314 N Dearborn St, Chicago, IL 60610
191250 South Wacker$1,660,666250 S Wacker Dr, Chicago, IL 60606
192One South Halsted$1,654,7201 S Halsted St, Chicago, IL 60661
193The Brickyard Mall$1,651,1862620 N Narragansett Ave, Chicago, IL 60635
194Dickens Building$1,642,0556101 W Dickens Ave, Chicago, IL 60639
195Blue Cross Blue Shield Tower$1,638,370260 E Randolph St, Chicago, IL 60601
196Marriott Downtown Magnificent Mile$1,612,142540 N Michigan Ave, Chicago, IL 60611
197Presidents Plaza II$1,611,3628700 W Bryn Mawr Ave, Chicago, IL 60631
19810 South LaSalle$1,609,47110 S La Salle St, Chicago, IL 60602
199Tribune Tower$1,605,706435 N Michigan Ave, Chicago, IL 60611
200Rush-Ohio-Wabash Self Park$1,595,66150 E Ohio St, Chicago, IL 60611

TOTAL$805,115,821

Source: Cook County Treasurer

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