In Bensenville, businesses get more for less. That is because DuPage has significantly lower commercial property taxes than Cook County. That disparity is exacerbated by the huge property tax increases in west and south suburban Cook. The village of Bensenville functions as a key gateway from adjoining Cook County and the city of Chicago into DuPage County. In addition, DuPage has a AAA bond rating and a consistently balanced budget. When combined with DuPage’s lower taxes, that means predictability. With its low DuPage County tax rate, it is an ideal place to work and conduct business. The Village is home to over 1,200 businesses and one of the largest industrial parks in Illinois.
The entire Village is in an Enterprise Zone, the only one in DuPage County. Many businesses have taken advantage of these State tax incentives to drive down their capital stack. The Illinois Enterprise Zone program allows for multiple potential tax benefits for qualified investments, including investment tax credit, sales tax deductions, tax exemption on machinery and equipment sales, utility tax exemption, and property tax incentives. Additionally, Bensenville is home to multiple tax increment financing (TIF) districts. TIF is available for projects that would otherwise not be able to move forward but for the incentive. Bensenville has also worked with property owners on Cook County property tax relief, including their 6(b) special assessment program to reduce the overall tax burden on a property.
The entire Village is in an Enterprise Zone, the only one in DuPage County. Many businesses have taken advantage of these State tax incentives to drive down their capital stack. The Illinois Enterprise Zone program allows for multiple potential tax benefits for qualified investments, including investment tax credit, sales tax deductions, tax exemption on machinery and equipment sales, utility tax exemption, and property tax incentives. Additionally, Bensenville is home to multiple tax increment financing (TIF) districts. TIF is available for projects that would otherwise not be able to move forward but for the incentive. Bensenville has also worked with property owners on Cook County property tax relief, including their 6(b) special assessment program to reduce the overall tax burden on a property.