Property Tax Abatements
Under Section 18-165 of the Property Tax code (35 ILCS 200/18-165), a taxing district, upon a majority of the vote of it’s governing authority, may, after the determination of the assessed valuation of its property, order the Clerk of the County to abate any portion of its taxes on commercial or industrial property. The abatement calculations are performed after the tax extension is complete and rates are set. The County Collector obtains the calculations from the County Clerk and then proceeds to reduce the taxes to be collected and distributed on the parcels in accordance with each taxing districts abatement agreement.
Listed below are the active abatement agreements. Agreements that are pending will be listed when they are effective:
Brandt Industries 14-04-100-019
Foundary Square: 21-03-305-020
Green Building LLC: 21-04-194-006
Haney Plumbing & Rental: 21-04-307-003
Mid City: 21-04-193-009
Rivian Automotive: 13-24-300-008
Rivian Automotive: 13-24-300-011
Rivian Automotive: 13-24-300-023
Rivian Automotive: 13-24-300-024
Rivian Automotive: 13-25-100-004
State Farm: Multiple Parcels