School district eligible for $1.3M property tax relief grant

SPRINGFIELD – Palatine-area homeowners and small businesses will see decreases in their property tax bills under a new state grant program that offers relief to school districts in high-taxed areas.

The Property Tax Relief Grant was included in the historic school funding reform law that has already provided millions of dollars in new state funds to school districts that need it the most. Schools in the 27th Senate District have received nearly $1.2 million in additional state funding in the new formula’s first two years on the books.

Township High School District 211 in Palatine is eligible for a $1.3 million grant under the program, the Illinois State Board of Education announced Tuesday.

“Suburban homeowners are desperate for relief from property taxes, and this grant will help with that,” said State Senator Ann Gillespie (D-Arlington Heights). “Offering property tax relief while maintaining great suburban schools will ensure continued investment in our communities and in our students.”

To receive the state grant, eligible school districts must submit an abatement resolution to their county clerks by March 30. The State Board of Education will then distribute the grants once receiving all abatement certificates.

More information on the Property Tax Relief Grant and a listing of each eligible school district can be found at www.ISBE.net/proptaxrelief.

Category: News
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