Referendum Tax Information
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Fenton High School's proposed $65 million facility referendum would be an investment that benefits the entire community in one way or another. If approved, construction would be paid for using bonds -- commonly known as loans or capital debt. Proceeds from the referendum can only be used for building improvements. The bonds (or debt) needed for construction would occur shortly before the work begins, which means residents would not see the full amount of the new tax right away. The new tax would expire and be removed once the loans are repaid.
Several property tax exemptions are available to residents. The most common exemption is the Homestead Exemption granted to all homeowners who reside in their own home (can only apply to one piece of real estate property). To see a full list of potential property tax exemptions and their descriptions, click here and read through the Illinois Department of Revenue website.
Below is an interactive tax estimator based on Fenton's proposed referendum and featuring the four most common exemptions to choose from after entering your approximate home value. The estimator defaults to $229,000 because that is the average home value in District 100 according to the United States Census Bureau.
Please note: when using the tax estimator you should look at your property tax bill and only enter the Fair Cash Value, which is the value the assessor places on each residential parcel of real estate. Do not enter the price you paid for your home. A sales price is decided by two private parties and could be higher due to a variety of circumstances, whereas real estate taxes are applied to a value amount decided by the local assessor.
Below is an interactive tax estimator based on Fenton's proposed referendum and featuring the four most common exemptions to choose from after entering your approximate home value. The estimator defaults to $229,000 because that is the average home value in District 100 according to the United States Census Bureau.
Please note: when using the tax estimator you should look at your property tax bill and only enter the Fair Cash Value, which is the value the assessor places on each residential parcel of real estate. Do not enter the price you paid for your home. A sales price is decided by two private parties and could be higher due to a variety of circumstances, whereas real estate taxes are applied to a value amount decided by the local assessor.
