The Smashing Pumpkins are one of the most successful bands to come from the Chicago area, and many past and current members of the popular '90s alt rock group have stayed in the Chicago area despite being able to afford to live anywhere in the country. And despite his commitment to Chicago, Pumpkins frontman Billy Corgan is paying some of the highest property taxes of anyone living in the Chicago suburbs. According to a report from real estate reporter Dennis Rodkin, Corgan's latest tax bill from the Lake County Assessment Office was a whopping $169,000. Fellow musician Richard Marx also received a steep tax bill as well—about $158,000.
Corgan and Marx both own mansions designed by noted Chicago area architect David Adler. Corgan's estate spans seven acres of lakefront property in the North Shore suburb of Highland Park. Corgan, who grew up in suburban Glendale Heights, purchased his 9,600-square-foot chateau for $6.8 million back in 2003 and then reunited the home's original coach house ten years later, paying another $1.25 million for the property.
- Who pays Lake County's biggest property tax bills? [Crain's]
- Billy Corgan Grows Lakefront Empire w/ Coach House Purchase [Curbed Chicago]