WOODSTOCK – More than 52,000 McHenry County homeowners applied to receive a property tax rebate from the Valley Hi Nursing Home fund surplus, county officials said Thursday.
The county-run facility’s abundant reserves of nearly $40 million have been heavily debated for years.
This spring, county board members authorized allocating $15 million toward a rebate program, which allows eligible residents to recoup just under 30% of the county government’s share of last year’s property tax bill.
The applications processed as of Thursday — the application deadline was Wednesday — make up about $9.1 million, which exceeded board Chairman Jack Franks’ expectations, he said.
Some paper applications are still being tabulated, and more could trickle in through the mail.
To determine a homeowner’s rebate amount, the county is using a formula based on the property taxes paid to the county government last year. Someone who paid $500, for example, is expected to receive just under $150.
Once they’re vetted and approved, qualifying homeowners can expect to receive their checks in the mail in early October.
“Government is getting so much better in McHenry County, and it’s working for the people, and this is evidence of that,” Franks said. “We’re aware of the severe property tax burden, and we’re doing everything we can to reduce those property taxes and give people back their money.”