O: Diederich Properties, Inc.

O ) Property sale / Diederich Properties, Inc. from Illinois Centre Group, LLC.

( given nearly a 30% discount after a sale )  Documents

  1. In September of 2010, Diederich Properties, Inc. purchased 2.24 acres of vacant land from Illinois Centre Group, LLC. in Marion, Illinois. This was a newly created tax parcel, as it was split from a larger tract. This prime commercial property is located on Williamson County Parkway near the Illinois Centre Mall and the Kokopelli Golf Course in Marion, Illinois.

  2. P-TAX records confirm that the purchase price was $ 200,000.00. ( see documents referred to as Exhibit O )

  3. The Williamson County Tax Assessor created a new tax PIN# for this parcel.

  4. However the Williamson County tax Assessor did not assess this parcel to reflect its actual purchase price as the obvious fair cash value for the following tax years of 2011/2012, 2012/2013 or 2013/2014.

  5. Instead, the Williamson County Tax Assessor gave this developer’s parcel a nearly 30 % discount with a total fair cash value assessment of only $ 144,180.00.

  1. The rough estimate of tax monies the county taxpayers have been defrauded of on this transaction to date is approximately $ 3,900.00. 

( View Exhibit O Documents )

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