On March 1, Pontiac Bp Holdings LLC purchased a commercial property at 1909 W. Reynolds St., Pontiac from Maruti Corp. for $1,250,000.
The amount paid for property taxes on this property in 2020 was $25,726.04, 2.06% of the sale price of the home.
This commercial property last sold on Dec. 28, 2006 for $1,152,800.
This property is one of four sales so far in Pontiac in March 2022.
This story was found on BlockShopper.com.
Pontiac secured the third spot among Livingston County cities for median commercial property tax rates in fiscal year 2025.
Business owners in Dwight faced a median commercial property tax rate of 2.8% in fiscal year 2025, exceeding the Livingston County median.
In fiscal year 2025, Fairbury held the fourth position for median commercial property tax rates among cities in Livingston County.
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