Matteson Commercial

Property
Property Tax Overview
Tax Analysis
• Matteson 2016 Property Tax rates are higher than
Flossmoor, Olympia Fields, and Homewood.
• Matteson 18.35% or 18.461%
• Flossmoor 18.03%
• Olympia Fields 17.914%
• Homewood 17.713%
• Matteson has collected 28.1 million in TIF taxes since
1995 off of Matteson properties.
• Cook County Assessor has reassessed land upwards to
10% for 2017 on Matteson commercial properties.
• MarketPlace Matteson(Old Cubs Foods – Burlington)
2017 assessment is astronomical.

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2016 Target Analysis
• Matteson Property Tax
• 807,135
• Matteson applied extra 345,453 Tif Tax (Tax Increment
Financing District) in 2016 and 316,299 in 2015.
• Building is for sale for 2.75 Million
• http://www.loopnet.com/Listing/4647-Promenade-Way-Matteson-IL/11625917/

• Homewood Property Tax

• 724,608
• Tinley Park Property Tax
• 429,298

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 2016 Target Analysis
Store PIN Number 2016 Tax 2016 Assessment 2016 Local Tax Rate
2017 Assessment Increase Tiff Tax Amount Tiff Name
Matteson 31-22-301-003-0000 807,135.04 1,559,685 18.461% 1,593,296 33,611 345,453.80 TIF-Matteson-Lincoln Hwy/Cicero

Homewood 29-33-100-064-0000 724,608.72 1,459,343 17.71% 1,465,746 6,403

Tinley Park 19-09-01-401-006-0000 429,298.80 4,200,000 10.2214 https://tinyurl.com/ya65nc9m https://tinyurl.com/y9bgptwt

• Cook County Assessor assessed the Matteson Target

land higher in 2017 and reduced the value of the
building causing an increase in the 2017 Assessment.
• Matteson Target Land Assessment up 10%
• http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31223010030000

• Homewood Target Land Assessment up 8.3 %

• http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=29331000640000

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2016 Matteson Target Tax Bill
https://www.scribd.com/document/374217808/Target-Matteson-Tax-Bill

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2016 Carson’s Analysis
• Matteson Carson’s Property Tax
• 525,908
• Cook County Assessor assessed the Carson’s land higher
in 2017 and reduced the value of the building causing an
increase in the 2017 Assessment.
• Land Assessment increased 9.1%.
• http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31223000230000

Store PIN Number 2016 Tax 2016 Assessment 2016 Local Tax Rate 2017 Assessment Increase Tiff Tax Amount Tiff Name
Carsons 31-22-300-023-0000 525,908.11 1,016,250 18.461% 1,028,275 12,025 0

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 2016 Carson’s Tax Bill
https://www.scribd.com/document/374284027/Carsons-Tax-Bill

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2016 JCPenney Analysis
• JCPenney Property Tax
• 335,258
• Matteson did not apply TIF tax to JCPenney.
• Cook County Assessor assessed the JCPenney land
higher in 2017 and reduced the value of the building
causing an increase in the 2017 Assessment.
• Land Assessment increased 10%.
• http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31223010080000

Store PIN Number 2016 Tax 2016 Assessment 2016 Local Tax Rate 2017 Assessment Increase Tiff Tax Amount Tiff Name
JCPenney Matteson 31-22-301-008-0000 335,258.96 647,845 18.461% 650,231 2,386 0

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JCPenney Tax Bill
https://www.scribd.com/document/374284296/JCPenny-Matteson-Tax-Bill

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Wal Mart Analysis
• Richton Park Wal-Mart Property Tax
• 2.4 Million
• Olympia Fields Wal-Mart Property Tax
• 1.7 Million
• Closed Wal-Mart Property Tax
• 1.6 Million
• No 2017 Assessment

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Wal Mart Analysis
• Closed Wal-Mart Property Tax
• No 2017 Assessment
• http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31214010140000

Store PIN Number 2016 Tax 2016 Assessment 2016 Local Tax Rate 2017 Assessment Increase Tiff Tax Amount Tiff Name
Matteson Wal Mart building 31-21-401-014-0000 1,625,939.65 3,141,920 18.461% No 2017 assessment 0

Richton Park Wal-Mart 31-33-100-008-0000 None None Use Richton Park 4,535,797 2017 Tax 2,425,846.42
McDonalds 19.079%

Olympia Fields Wal-Mart Multiple PIN's 1,707,449.00 Please read Olympia Fields meeting minutes to understand tax bill
21000 Western Ave
31-24-207-039-0000 17.91% 137,950.41 TIF Vil of Olympia Flds-Lincoln/Western 2

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2016 Matteson Wal-Mart Tax Bill
https://www.scribd.com/document/374481954/WalMart-Matteson-tax-Bill

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2016 McDonalds Analysis
• Matteson Property Tax
• 108,243
• Olympia Fields Property Tax
• 90,639
• Richton Park Property Tax
• 87,462

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2016 McDonalds Analysis
Store PIN Number 2016 Tax 2016 Assessment 2016 Local Tax Rate 2017 Assessment Increase Tiff Tax Amount Tiff Name
McDonalds
Matteson McDonalds 31-22-201-012-0000 108,243.58 210,409 18.35% 247,153 36,744 0

Olympia Fields McDonalds 31-24-403-019-0000 90,639.29 180,497 17.91% 202,411 21,914 24,998.32 TIF Vil of Olympia Flds-
Lincoln/Western 2
Richton Park McDonalds 31-33-200-027-0000 87,462.14 163,535 19.08% 217,962 54,427 0

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MarketPlace Matteson Analysis
(Old Cub Foods - Burlington)

• 2017 Assessment is astronomical

• 2017 Assessment increased 1,120,904
• Land increased 11%
• Building increased 61%
• Total assessment increase 39%
• Missing Vacancy Affidavit on the property
• Owner did not pay 815,000 2017 first installment tax bill
• Tax bill now 827,000 with interest

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 MarketPlace Matteson Analysis
http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31222010140000

Store PIN Number 2016 Tax 2016 Assessment 2016 Local Tax Rate 2017 Assessment Increase Tiff Tax Amount Tiff Name 2017 Assessment

Marketplace of Matteson (Old Cub

Foods-Burlington) 31-22-201-014-0000 1,482,283.33 2,881,335 18.35% 4,002,239 1,120,904 0 http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31222010140000
827,484.67 not paid as of 3/18

https://www.scribd.com/document/374490899/Marketplace-of-Matteson-Tax

https://www.scribd.com/document/374490529/Marketplace-of-Matteson-Tax-Bill-2017-Not-Paid

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Matteson TIF Analysis
• Cook County Clerk provides detailed TIF tax
numbers.
• Matteson has five TIF areas
• https://maps.cookcountyil.gov/tifviewer/

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TIF Analysis 28.1 million Collected
Since 1995
• Matteson - Lincoln Mall
• First Tax Year: 1995
• Total Revenue $10,427,118
• Matteson Commons
• First Tax Year: 1995
• Total Revenue $7,594,405
• Matteson - Lincoln Hwy / Cicero Ave
• First Tax Year: 2004
• Total Revenue $8,445,453
• Matteson 5
• First Tax Year: 2009
• Total Revenue $342,507
• Matteson - Lincoln Hwy / Gov 6
• First Tax Year: 2011
• Total Revenue $1,125,537
• Matteson - 7 North Cicero
• First tax Year: 2015
• Total Revenue $205,762

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 TIF District Detail
Tiff Name: Matteson - Lincoln Mall Tiff Name: Matteson - Commons TIF Name: Matteson - Lincoln Hwy / Cicero Ave TIF Name: Matteson - 5

First Tax Year: 1995 First Tax Year: 1995 First Tax Year: 2004 First Tax Year: 2009

Total Revenue: $10,427,118 Total Revenue $7,594,405 Total Revenue: $8,445,453 Total Revenue: $342,507

2016 Revenue: $446,003 2016 Revenue: $373,964 2016 Revenue: $831,047 2016 Revenue: $102,636

2015 Revenue: $54,660 2015 Revenue: $370,354 2015 Revenue: $717,067 2015 Revenue: $80,715

2014 Revenue: $33,209 2014 Revenue: $877,764 2014 Revenue: $765,925 2014 Revenue: $86,990

2013 Revenue: $28,155 2013 Revenue: $855,151 2013 Revenue: $900,394 2013 Revenue: $72,166

2012 Revenue: $125,610 2012 Revenue: $810,558 2012 Revenue: $80,003 TIF Name: Matteson - 7 North Cicero

2011 Revenue: $261,116 2011 Revenue: $789,986 2011 Revenue: $75,172 First Tax Y ear: 2015

2010 Revenue: $782,899 2010 Revenue: $759,917 2010 Revenue: $1,167,177 Total Revenue: $205,762

2009 Revenue: $752,141 2009 Revenue: $847,117 2009 Revenue: $1,184,460 2016 Revenue: $146,402

2008 Revenue: $651,412 2008 Revenue: $825,456 2008 Revenue: $1,682,165 2015 Revenue: $59,360

2007 Revenue: $599,704 2007 Revenue: $678,878 2007 Revenue: $1,013,063

2006 Revenue: $428,472 2006 Revenue: $363,421 2006 Revenue: $3,764

2005 Revenue: $444,965 2005 Revenue: $0 2005 Revenue: $18,975

TOTAL $28,140,782.00
2004 Revenue: $441,707 2004 Revenue: $0 2004 Revenue: $6,242

2003 Revenue: $436,786 2003 Revenue: $0 TIF Name: Matteson - Lincoln Hwy / Gov 6

2002 Revenue: $423,863 2002 Revenue: $41,840 First Tax Year: 2011

2001 Revenue: $826,797 2001 Revenue: $0 Total Revenue: $1,125,537

2000 Revenue: $768,118 2000 Revenue: $0 2016 Revenue: $300,315

1999 Revenue: $753,622 1999 Revenue: $0 2015 Revenue: $287,228

1998 Revenue: $705,260 1998 Revenue: $0 2014 Revenue: $282,637

1997 Revenue: $682,862 1997 Revenue: $0 2013 Revenue: $253,880

1996 Revenue: $660,315 1996 Revenue: $0 2012 Revenue: $678

1995 Revenue: $119,443 1995 Revenue: $0 2011 Revenue: $799

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 Property Tax Analysis
Store PIN Number 2016 Tax 2016 Assessment 2016 Local Tax Rate 2017 Assessment Increase Tiff Tax Amount Tiff Name 2017 Assessment
Target
TIF-Matteson-Lincoln
Matteson Target 31-22-301-003-0000 807,135.04 1,559,685 18.461% 1,593,296 33,611 345,453.80 Hwy/Cicero http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31223010030000

Homewood Target 29-33-100-064-0000 724,608.72 1,459,343 17.71% 1,465,746 6,403 http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=29331000640000

Target Tinley Park 19-09-01-401-006-0000429,298.80 4,200,000 10.2214 https://tinyurl.com/ya65nc9m https://tinyurl.com/y9bgptwt

7300 W 191st St, Tinley Park, IL 60487

Carsons 31-22-300-023-0000 525,908.11 1,016,250 18.461% 1,028,275 12,025 0 http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31223000230000

JCPenney Matteson 31-22-301-008-0000 335,258.96 647,845 18.461% 650,231 2,386 0 http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31223010080000

Marketplace of Matteson (Old Cub

Foods-Burlington) 31-22-201-014-0000 1,482,283.33 2,881,335 18.35% 4,002,239 1,120,904 0 http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31222010140000
827,484.67 not paid as of 3/18

McDonalds
Matteson McDonalds 31-22-201-012-0000 108,243.58 210,409 18.35% 247,153 36,744 0 http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31222010120000

Olympia Fields McDonalds 31-24-403-019-0000 90,639.29 180,497 17.91% 202,411 21,914 24,998.32 TIF Vil of Olympia Flds- http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31244030190000
Lincoln/Western 2
Richton Park McDonalds 31-33-200-027-0000 87,462.14 163,535 19.08% 217,962 54,427 0 http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31332000270000

WalMart
Matteson Wal Mart building 31-21-401-014-0000 1,625,939.65 3,141,920 18.461% No 2017 assessment 0 http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31214010140000

Richton Park Wal-Mart 31-33-100-008-0000 None None Use Richton Park 4,535,797 2017 Tax 2,425,846.42 https://www.propertyshark.com/mason/Property/148107861/22401-Central-Ave-Richton-Park-IL-60471/
McDonalds
19.079%

Olympia Fields Wal-Mart
Multiple PIN's 1,707,449.00 Please read Olympia Fields meeting minutes to understand tax bill https://www.olympia-fields.com/AgendaCenter/ViewFile/Minutes/_10102017-98
21000 Western Ave http://www.cookcountyassessor.com/Property.aspx?mode=details&pin=31242070390000
TIF Vil of Olympia Flds-
31-24-207-039-0000 17.91% 137,950.41 Lincoln/Western 2 The Property Identifaction number does not have Wal-Mart pictures. It still has the old
auto dealership.

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