SOUTH SUBURBAN MAYORS & MANAGERS ASSOCIATION
Is the Southland Reactivation Act the right incentive for me?
The Southland Reactivation Act (P.A. 102-1010) offers an economic incentive to private developers who work with municipalities to bring eligible non-tax generating commercial and industrial parcels back to productive use.
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Eligible parcels must be:
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Located in Bloom, Bremen, Calumet, Rich, Thornton, or Worth Townships in Cook County
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Tax exempt—owned either by a municipality, the South Suburban Land Bank Development Authority, or the Cook County Land Bank Authority
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Zoned commercial or industrial
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Click here to search for a specific parcel to determine if it meets the program's initial eligibility requirements (based on township, zoning, and ownership).
What does the incentive do?
The Southland Reactivation designation reduces a parcel's property tax bill for 12 years.
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For municipalities, the Southland Reactivation designation brings tax exempt parcels back on to tax rolls, and the proceeds benefit all taxing districts.
For developers, it provides a predictable tax bill that doesn't fluctuate with assessments.
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Qualifying parcels are assessed at 50% of the last known equalized assessed value.
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For the first year a parcel is certified as a Southland Reactivation property, the aggregate tax bill liability cannot exceed $100,000.
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Discounts on the liability would decrease gradually, but continue for a total of 12 years. The incentive is nonrenewable.
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Click here to calculate the 12 year tax bill on a prospective parcel.
How does the process work?
To designate a parcel as a Southland Reactivation site and initiate the incentive, the municipality must:
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Pass a resolution through the local legislative body designating the site.
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Provide notification to the Cook County Assessor’s Office and SSMMA of the designation.
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Provide Notice of Abatement of Tax Bill to the Cook County Clerk’s Office.
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Click here to download the full submission toolkit and checklist for municipalities.