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Tinley Park staff tell board a property-tax rebate would be administratively costly and fiscally neutral
Summary
At the Feb. 18 meeting Interim Finance Director Hannah told trustees the village does not have a property-tax rebate program and that creating one would require raising the levy first, add administrative staff costs, and likely provide little net benefit to residents.
Interim Finance Director Hannah told the Village of Tinley Park Board at its Feb. 18 meeting that the village does not operate a property-tax rebate program and that establishing one would be administratively complex and fiscally counterproductive.
Hannah said the village currently does not have any rebate programs and explained that a property-tax rebate functions by first increasing the tax levy to collect money and then returning it later; that process, she said, effectively asks residents to front a loan to government and would require significant administrative work to process roughly 23,000…
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