School Tax Credit

Q: What is the School Tax Credit?

A: In 2006, the state legislature passed property tax reform measures. This legislation effects tax years 2007 forward. The passage of Section 12 37 210(A)(47)(a) gives all owner-occupied residential property owners (legal residence classification - 4% ratio) credit on all of the school operating taxes, meaning that you are not paying any of the school district’s operating taxes, only the school bonds. In most cases, taxpayers will see a reduction in their notices. It depends on the taxable value of the property and the tax district in which you live.

This credit is not applied on the tax bills of business or personal property, or 6% property owners (land, second home owners). This credit does not appear on your vehicle, boat or other personal property notices.