Property taxes: Commercial real estate struggles with delinquent payments during COVID-19 pandemic

CHICAGO (WLS) — Property taxes are a big burden right now, and it’s not just families struggling to pay their bills. Shopping malls and hotels are also coming up short.

Counties across the Chicago-area have been offering homeowners extra time to pay their property taxes, but what about bigger buildings?

Commercial real estate has been hit hard by the pandemic, with little relief in sight.

“If you walk into a hotel right now and say, ‘what is your occupancy rate,’ they will tell you, ‘we were going back up but everyone canceled for the weekend’ because there is no place for them to come into the city,” said Cook County Treasurer Maria Pappas.

Pappas said commercial businesses, like hotels and strip malls, are hurting badly. She knows because she said they are the main source of delinquent property taxes.

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Tax relief denied for delinquent, vacant trailers

After much discussion, Council denied a request to write-off property taxes and related penalties on two derelict mobile homes within the Hillcrest Mobile Home Park.

The total outstanding amount owing on both properties added up to $7,021.45. At the Nov. 3 regular council meeting, administration recommended writing off the amount of $5,149 that is outstanding beyond three years.

This would leave only three years outstanding taxation and penalties owing, which the mobile park would have been required to cover.

Instead, council directed administration to bring back a report regarding taxation of mobile home park property and residences before the end of June 2021.

“It needs to get dealt with in some way so there’s something that guides administration for how to deal with this when it continuously repeatedly keeps coming up. If there’s a bylaw that directs administration on what to do in this type of situation or perhaps there

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