Lake County Gazette

Twenty-one of suburban Chicago’s 200 highest tax-paying commercial properties are in Lake County, according to a Local Government Information Services (LGIS) analysis of property tax data from the Cook County treasurer. Collectively, these 21 properties contributed $53.58 million to Lake County’s public funds, which go towards 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; Lake County made up 9.8 percent of this total. 

Lake 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.

Abbott Laboratories paid the most in Lake County last year at $6.84 million for the Lake Bluff property, or 15.7 percent of the total. Gurnee Mills in Gurnee was billed at $4.81 million, followed by Vista Medical Center East in Waukegan at $2.88 million, and Takeda Pharmaceuticals in Deerfield at $2.4 million. 

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Top Commercial Property Taxpayers in Lake County

Rank	Overall Rank	Property	Taxes Paid	City	Address
1	6	Abbott Laboratories	$6,844,475	Lake Bluff	13652 W Buckley Rd, Lake Bluff, IL 60044
2	11	Gurnee Mills	$4,817,887	Gurnee	6170 Grand Ave, Gurnee, IL 60031
3	22	Vista Medical Center East	$2,885,760	Waukegan	1324 N Sheridan Rd, Waukegan, IL 60085
4	33	Takeda Pharmaceuticals	$2,407,180	Deerfield	20045 N Saunders Rd, Deerfield, IL 60015
5	34	Abbott Laboratories	$2,399,815	Lake Bluff	25922 N Waukegan Rd, Lake Bluff, IL 60044
6	49	Woodland Falls	$2,077,461	Mettawa	26525 N Riverwoods Blvd, Mettawa, IL 60045
7	55	Hawthorn Mall	$1,965,434	Vernon Hills	101 Hawthorn Ctr, Vernon Hills, IL 60061
8	66	W.W. Grainger Corporate Office	$1,881,387	Lake Forest	14441 W Il Route 60, Lake Forest, IL 60045
9	79	AbbVie Pharmaceutical Contract Manufacturing	$1,659,076	North Chicago	1401 Sheridan Rd, North Chicago, IL 60064
10	84	Deer Park Town Center Shopping Center	$1,602,108	Deer Park	20530 N Rand Rd, Deer Park, IL 60010
11	87	Discover Financial Services Riverwoods	$1,584,185	Riverwoods	2500 Lake Cook Rd, Riverwoods, IL 60015
12	103	Six Flags Great America	$1,494,401	Gurnee	542 N Il Route 21, Gurnee, IL 60031
13	105	Sedgebrook	$1,486,688	Lincolnshire	740 Audubon Way, Lincolnshire, IL 60069
14	106	HSBC Bank	$1,482,563	Volo	300 S Fish Lake Rd, Volo, IL 60073
15	110	Zion Solutions	$1,463,781	Zion	101 Shiloh Blvd, Zion, IL 60099
16	128	Corporate 500 Centre	$1,364,260	Deerfield	520 Lake Cook Rd, Deerfield, IL 60015
17	131	The Garlands Of Barrington	$1,361,181	Barrington	1000 Garlands Ln, Barrington, IL 60010
18	161	AbbVie Pharmaceutical Contract Manufacturing	$1,247,970	North Chicago	1401 Sheridan Rd, North Chicago, IL 60064
19	169	Corporate 500 Phase I	$1,219,015	Deerfield	500 Lake Cook Rd, Deerfield, IL 60015
20	185	ArborLake Centre	$1,192,879	Deerfield	1751 Lake Cook Rd, Deerfield, IL 60015
21	199	The Shops at Deerfield Square	$1,150,094	Deerfield	740 Waukegan Rd, Deerfield, IL 60015
		TOTAL	$43,587,598

Source: Cook County Treasurer. 

 Top 30 Commercial Property Taxpayers in Chicago Suburbs

Rank	Property	Taxes Paid	City	Address
1	Exxon Mobil	$29,298,159	Channahon	25909 S Frontage Rd E, Channahon, IL 60410
2	Woodfield Mall	$23,865,859	Schaumburg	1000 E Woodfield Rd, Schaumburg, IL 60173
3	Westfield Old Orchard Shopping Center	$13,908,398	Skokie	9200 Skokie Blvd, Skokie, IL 60077
4	Orland Square	$9,065,412	Orland Park	55 Orland Square Dr, Orland Park, IL 60462
5	AT&T	$7,140,842	Hoffman Estates	2000 Ameritech Dr, Hoffman Estates, IL 60192
6	Abbott Laboratories	$6,844,475	Lake Bluff	13652 W Buckley Rd, Lake Bluff, IL 60044
7	Rivers Casino	$6,440,231	Des Plaines	3170 Des Plaines River Rd, Des Plaines, IL 60018
8	Fashion Outlets of Chicago	$6,166,593	Rosemont	5220 Fashion Outlets Way, Rosemont, IL 60018
9	Chicago Ridge Mall	$5,975,209	Chicago Ridge	9500 S Ridgeland Ave, Chicago Ridge, IL 60453
10	Hyatt Regency O'Hare	$4,981,285	Rosemont	9300 Bryn Mawr Ave, Rosemont, IL 60018
11	Gurnee Mills	$4,817,887	Gurnee	6170 Grand Ave, Gurnee, IL 60031
12	Northbrook Court	$4,662,511	Northbrook	1515 Lake Cook Rd, Northbrook, IL 60062
13	River Oaks Center	$4,555,412	Calumet City	96 River Oaks Dr, Calumet City, IL 60409
14	North Riverside Park Mall	$4,420,999	North Riverside	7501 Cermak Rd, North Riverside, IL 60546
15	The Streets of Woodfield	$3,726,401	Schaumburg	601 N Martingale Rd, Schaumburg, IL 60173
16	Microsoft Data Center	$3,662,404	Northlake	601 Northwest Ave, Northlake, IL 60164
17	Woodfield Corporate Center	$3,508,910	Schaumburg	425 N Martingale Rd, Schaumburg, IL 60173
18	Luther Village	$3,393,016	Arlington Heights	1225 Luther Ln, Arlington Heights, IL 60004
19	Navistar Inc.	$3,257,257	Lisle	2500 Warrenville Road, Lisle, IL 60532
20	4500 West Touhy	$3,116,104	Lincolnwood	4500 W Touhy Ave, Lincolnwood, IL 60712
21	Continental Towers	$2,994,468	Rolling Meadows	1701 W Golf Rd, Rolling Meadows, IL 60008
22	Vista Medical Center East	$2,885,760	Waukegan	1324 N Sheridan Rd, Waukegan, IL 60085
23	Fox Valley Mall	$2,844,075	Aurora	195 Fox Valley Center Dr, Aurora, IL 60504
24	UPS	$2,798,369	Hodgkins	1 Ups Way, Hodgkins, IL 60525
25	Woodfield Village Green	$2,662,540	Schaumburg	1400 W Golf Rd, Schaumburg, IL 60173
26	Old Orchard Towers	$2,629,305	Skokie	5202 Old Orchard Rd, Skokie, IL 60077
27	One O'Hare Centre	$2,582,273	Rosemont	6250 N River Rd, Rosemont, IL 60018
28	Tarantula Ventures	$2,517,692	Elk Grove Village	2200 Busse Rd, Elk Grove Village, IL 60007
29	Former Motorola Campus	$2,511,526	Schaumburg	1301 E Algonquin Rd, Schaumburg, IL 60173
30	Zurich Towers	$2,495,496	Schaumburg	1450 American Ln, Schaumburg, IL 60173

 Source: Cook County Treasurer