SPRINGFIELD – Property taxes will be lower for some homeowners and business owners in South Suburban communities thanks to a new state grant program that seeks to lift some of the burden on school districts that are heavily taxed.
The Property Tax Relief Grant is part of the education funding reform package that has been put in place to level the playing field to better serve struggling school districts.
“For far too long struggling communities were faced with paying higher property taxes in an attempt to provide students in the area a quality education, and more often than not the students still weren’t receiving adequate resources,” State Senator Elgie R. Sims Jr. (D-Chicago) said. “Going forward this program will provide the relief necessary to help keep families in Illinois and boost local economies.”
Local school districts that are eligible for the grant include:
- Thornton Fractional Township High School District 215: $1,906,225.40
- Lansing School District 158: $1,836,888.06
- Bloom Township High School District 206: $2,168,029.38
Eligible school districts must submit an abatement resolution to their county clerks by March 30 to receive the grant. The Illinois State Board of Education (ISBE) will then give the money to the school districts once they have received all of the abatement certificates.
“This grant program is a crucial step to help change how we fund the education of our future leaders,” Sims said. “It is high time we shift some of the burden from property tax payers to the state in order to help provide a quality education to every student in Illinois, regardless of where they live.”
More information on the Property Tax Relief Grant and a listing of each eligible school district can be found at www.ISBE.net/proptaxrelief.