Location: 1730 S. Hance Drive, Freeport, Illinois

Owner: Freeport Senior Housing II, 1001 E. Touhy Ave Suite 50, Des Plaines, IL

REAL ESTATE TAXES PAID: NONE

As with much of the new senior housing in Freeport, no real estate taxes are paid on the buildings. This shifts the real estate tax burden to the home owners and small businesses in the community. The occupants and investors in this building should thank the citizens of Freeport for this generous tax subsidy.