We found county reductions knocked ~$2B off the taxable value of ORD-area data centers. 2 main drivers:
💸 Incentives pushed by mayors who feared the DCs would otherwise go elsewhere
💸 Appeals from DC companies arguing the buildings should be taxed like like plain ol' warehouses
illinoisanswers.org
Data Centers Near O’Hare Win Nearly $100M in Local Tax Breaks, Leaving Suburban Homeowners to Cover the Gap
Northwest suburban data centers had nearly $2 billion knocked off their taxable property values, an analysis shows.