Property Tax Incentives

Wheeling offers property tax incentives for special commercial and industrial development.

Class 6B Classification

The Class 6b classification is designed to encourage industrial development throughout Cook County by offering a real estate incentive for the development of new industrial facilities, the rehabilitation of existing industrial structures, and the industrial reutilization of abandoned buildings.


The goal of Class 6b is to attract new industry, stimulate expansion and retention of existing industry and increase employment opportunities.

How It Works

  • Under the incentive provided by Class 6b, qualifying industrial real estate would be eligible for a reduced assessment from the date that new construction or substantial rehabilitation is completed and initially assessed or, in the case of abandoned property from the date of substantial re-occupancy.
  • Properties receiving Class 6b will be assessed at 10% of market value for the first 10 years, 15% in the 11th year and 20% in the 12th year. This constitutes a substantial reduction in the level of assessment and results in significant tax savings. In the absence of this incentive, industrial real estate would normally be assessed at 25% of its market value.

Eligible Properties

Industrial use, such as manufacturing, warehousing or distribution
New construction, substantial rehabilitation or reutilization of abandoned buildings
Location anywhere in Cook County


Assessment levels reduced from the industrial rate of 25% for 12 years:
  • 10% for 10 years
  • 15% in Year 11
  • 20% in Year 12
  • Return to 25% in Year 13


  • Application to the Assessor and municipal resolution must be filed before construction of new buildings, or the substantial rehabilitation or reoccupancy of existing buildings begins.
  • Municipal resolution in support of application is required.

More Information