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District #162 To Receive Property Tax Relief Grant

The District #162 Board of Education recently applied to the State of Illinois for the 2020 Property Tax Relief Grant. The Property Tax Relief Grant program allows school districts to lower the amount it taxes to its residents and other property owners while the State of Illinois replaces a portion of the foregone tax revenue with state funds. District #162 was recently notified that it is eligible to receive $1,836,999 from the State of Illinois in exchange for the district abating taxes on property owners by $1,972,837 for both the 2019 and 2020 property tax levies. The amount of tax relief for individual property owners within District #162 will vary greatly depending on the Cook County Assessor’s property valuation and the taxes levied by other taxing bodies. The Cook County Clerk will apply the $1,972,837 abatement of District #162 taxes on the 2nd half property tax bills issued in the Fall of 2020.  

 

The Illinois State Board of Education issued the following press release about the Property Tax Relief Grant program:

ISBE announces 39 districts eligible for Property Tax Relief Grant 

Grant allows districts to cut local property taxes and replace revenue with state funds 

FY 2020 grant can serve 11 more districts than in FY 2019 

SPRINGFIELD – The Illinois State Board of Education (ISBE) today announced the 39 school districts that are eligible for the fiscal year 2020 Property Tax Relief Grant – a significant increase in eligible districts over the previous year. The grant, part of the Evidence-Based Funding for Student Success Act, allows eligible school districts to cut local property taxes and replace that revenue with state funds.

Governor JB Pritzker’s FY 2020 budget appropriated $3.65 million more for the grant than in FY 2019. The FY 2020 grant can serve 11 more districts than it did in FY 2019, when 28 school districts received the grant.

The $53,650,000 grant can replace a total of $57,313,122 in local property taxes, once school districts proceed with the abatement. The districts that are eligible for the grant are those that have the highest tax rates within their organization type (elementary, high school, or unit district) out of all those that applied. Eligible districts must submit an abatement resolution to their county clerks by March 30. ISBE will distribute the grant to each eligible district after receiving the Certification of Abatement Form from the county clerk.

Public Act 101-0017 made changes to the program effective this year to expand eligibility to additional districts and to require tax abatement for two consecutive years for the grant amount to become a permanent part of the school district’s Base Funding Minimum going forward.

 The districts eligible for the FY 2020 Property Tax Relief Grant are:

  • Bluford Unit District 318
  • Bremen Community High School District 228
  • Cahokia Community Unit School District 187
  • Community Consolidated School District 168
  • DeKalb Community Unit School District 428
  • Dolton School District 148
  • Dolton School District 149
  • Durand Community Unit School District 322
  • East St. Louis School District 189
  • Elementary School District 159
  • Evergreen Park Community High School District 231
  • Flossmoor School District 161
  • Ford Heights School District 169
  • Fox River Grove Consolidated School District 3
  • Franklin Park School District 84
  • General George Patton School District 133
  • Grayslake Community High School District 127
  • Harlem Unit District 122
  • Hazel Crest School District 152.5
  • Homewood Flossmoor Community High School District 233
  • Hoover-Schrum Memorial School District 157
  • Lansing School District 158
  • Lindop School District 92
  • Marquardt School District 15
  • Matteson Elementary School District 162
  • North Chicago School District 187
  • Park Forest School District 163
  • Plano Community Unit School District 88
  • Queen Bee School District 16
  • Rich Township High School District 227
  • Round Lake Area Schools Community Unit School District 116
  • Skokie School District 73.5
  • South Holland School District 151
  • Thornton Fractional Township High School District 215
  • Thornton Township High School District 205
  • Woodlawn Unit District 209
  • Worth School District 127
  • Zion Elementary School District 6
  • Zion-Benton Township High School District 126

A total of 233 districts applied for the grant in FY 2020. All districts may apply for the grant each year, pending appropriations.

Find more information on the Property Tax Relief Grant at www.isbe.net/proptaxrelief