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NewsTribune photo/Scott Anderson Jerry Pyszka operates a pin inserter machine at Badge-A-Minit, which is one of Oglesby’s top taxpayers. Oglesby officials have a goal: Increase sales taxes. But for now, retail businesses aren’t what drives the city’s tax base. Advantage Logistics is the city’s single biggest taxpayer and most of the remaining top 10 taxpayers are industrial.
Don Finley is hoping that in the next year or so Oglesby can bank on new retail businesses to lower the burden on Oglesby homeowners and increase the ctiy’s sales tax stream.
Finley, Oglesby’s mayor, welcomed Love’s Travel Stops & Country Stores and said he’s spoken with developers of the proposed County Market grocery store and, yes, there still coming.
“We’d like to build up sales taxes for the city,” Finley explained. “Our main goal is to have people help the city when they come through and buy stuff.”
But for now, it is industry and not retail sales that comprises the bulk of Oglesby’s tax base.
The NewsTribune continues its analysis of the top 10 taxpayers in each of the Illinois Valley cities. And even with production long halted at Buzzi Unicem, industry and logistics dominates the city’s taxing base.
SuperValu, which operates the Advantage Logistics distribution facility on Richard Moyle Sr. Highway (the Oglesby spur) leads Oglesby’s top 10 list with properties valued at $3.8 million, resulting in bill of $380,477.32 from La Salle County.
One other taxpayer gets a six-figure tax bill from Ottawa. Cement maker Marquette Co. is taxed on properties valued at nearly $1.8 million and was billed $174,280.44.
Rounding out the top 5 are: Badge-A-Minit (taxable value: $729,166; billed $72,723.16); Oglesby’s Best Western (taxable value: $583,784; but La Salle National Bank gets the bill for $58,223.52); and Wire Mesh LLC (taxable value: $566,666; billed: $56,516.26).
The remaining taxpayers in the top 10 are SBK, dentist Brian Billard, High-Tech Electronic Products & Manufacturing, Patten Industries and Cookie Kingdom.
Paul Danekas, Oglesby’s finance commissioner, said there could be a new entry in Oglesby’s top 10 in 2016, by which time the new Love’s Travel Stops & Country Stores will have been fully assessed and included in the tax rolls. Love’s may have added $3 million or $4 million to the city’s equalized assessed valuation, Danekas allowed, “but most of the money is going to be in the TIF (Tax Increment Financing district) and we’ve got seven more years of that TIF.”
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