This translates to roughly $17,120 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 five residential properties in Streeterville with unpaid 2021 taxes, according to BlockShopper.com.
| Taxpayer Name | Property Address | Municipality | Township | Neighborhood | PIN | Total Tax Due | Total Due (Including Interest) |
|---|---|---|---|---|---|---|---|
| Malcolm John Roebuck | 445 E. N. Water St. | Chicago | North | Streeterville | 17-10-221-083-1055 | $9,784 | $11,702 |
| Peter Fok | 474 N Lake Shore Drive | Chicago | North | Streeterville | 17-10-222-007-1066 | $1,952 | $2,343 |
| Nina Sriram | 440 N. McClurg Court | Chicago | North | Streeterville | 17-10-219-034-1192 | $1,130 | $1,360 |
| River East, L L C | 440 N. McClurg Court | Chicago | North | Streeterville | 17-10-219-034-1199 | $1,059 | $1,276 |
| Congrong Niu & Chunlin | 440 N. McClurg Court | Chicago | North | Streeterville | 17-10-219-034-1400 | $357 | $436 |
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