Tax Abatements

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: 14-04-100-004 parcel retired in 2019

Brandt Industries: 14-04-100-006 parcel retired in 2019

Brandt Industries: 14-04-100-007 parcel retired in 2019

Brandt Industries: 14-04-100-016 parcel retired in 2019

Brandt Industries: 14-04-100-018 parcel retired in 2019

Brandt Industries 14-04-100-019 combined parcel 2019

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