Residential property owners in the Village of Montgomery can apply now to receive a $75 Village Property Tax Rebate.
Residents can access and complete an online reimbursement request form on the Village’s website.
The deadline to complete the application is February 28.
According to information on the website, residents of the village can accept the rebate in the form of a credit applied to their village utility bills or in the form of a paper check issued by the village.
Refunds are limited to Village residential owners only. Residents who are only village utility customers, including those in the unincorporated Boulder Hill Subdivision, are not eligible for rebates.
The village has offered the rebate program every year since 2015. The amount homeowners can receive, however, was changed late last year from the $45 offered by the village in previous years to $75.
At a meeting on December 12, a majority of village board members agreed to increase rebates this year just to help residents cope with inflation.
The Village established the rebate program to entice Village voters to approve a referendum in November 2014 that created a 1% retail sales tax to fund the Village’s annual street maintenance and capital program.
Over the past seven years, the cost to the village of the reimbursement program has been between $68,000 and $116,000, according to a memo from village staff. This cost, however, was more than offset by the additional sales tax revenue generated by the tax, which is paid by village residents and those who live outside the village and shop in the shops. local retail.
In expressing support for the rebate increase for 2023, Village Chairman Matt Brolley told council that the village has the revenue to cover the additional cost of the $75 rebates.
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