Come October 16th the McHenry County Board will be voting on whether to draw down the incredible Valley Hi Nursing Home surplus of about $40 million by an amount equal to $100 per household.
$8.8 million in checks would be written to 2018 taxpayers who have paid their taxes on time and how have claimed a Homestead Exemption.
No matter that there was not Valley Hi real estate tax collected this year.
The number of those to benefit is estimated to be 88,000 households, those who have Homestead Exemptions.
According to the Census Bureau, there are 118,485 housing units in McHenry County.
78.9% are owner-occupied.
That’s 93,484 households.
So, it appears 5.500 or so folks have not filed for a Homestead Exemption, but live in homes they own will be left out of the vote buying scheme.