Property Tax Relief Grant
The Property Tax Relief Grant from the Illinois State Board of Education helps school districts reduce property tax burdens while maintaining educational funding.
Funder: Illinois State Board of Education
Due Dates (Anticipated): January 2027 (Full application) | March 2027 (District files board resolution with County Clerk) | April 2027 (Certification and resolution to ISBE)
Funding Amounts: Up to $50 million statewide (subject to appropriation); individual district awards calculated by formula, typically ranging from tens of thousands up to several million dollars.
Summary: Provides financial relief to eligible Illinois school districts by offsetting a portion of their property tax burden in exchange for a two-year tax abatement.
Key Information: Grant is only available if the state appropriates sufficient funds for the program year.
Description
The Property Tax Relief Grant (PTRG), administered by the Illinois State Board of Education (ISBE), is designed to assist eligible Illinois school districts in reducing local property tax burdens. The grant is awarded based on a district's need and local capacity, considering factors such as adjusted operating tax rates and local funding ability. Districts receiving the grant must commit to a two-year property tax abatement, after which the grant amount is incorporated into the district’s Base Funding Minimum for future state aid calculations. Grant amounts and program availability depend on annual state appropriations, with a maximum of $50 million allocated when available. The program aims to help districts lower taxes for their communities while maintaining educational resources.
