Rosemont offers homeowners property tax grants

Daily Herald report
Posted7/11/2013 4:55 PM

Rosemont will again offer homeowners property tax grants up to $3,692 in 2013. The deadline to apply is Nov. 30. This is the 19th consecutive year Rosemont has offered the grants, and the amount per household has increased each year. The grants are calculated using the first $70,000 of equalized value of a home excluding exemptions, or the actual equalized value less exemptions, whichever is lower. The maximum grant this year is $3,692, up from $3,465 last year and $3,060 in 2011. The majority of the grant is based on the amount paid in property taxes to the village and the elementary school district. The grants are intended to help with repairs and maintenance, but homeowners can spend the money as they see fit. Residents must apply for the grants and pay income tax on the funds received. Grants are only available for owner-occupied properties with proof of payment of property taxes. The second installment tax bill also must show the homeowner exemption. Applications are available at the Rosemont Village Hall and Park District offices. Checks are paid to homeowners within 30 days of completing applications. Last year, homeowners received more than $1 million through the program, and over the past 19 years, they have received about $13 million.

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