What are abatements?

An abatement is a decision by a governing body to decrease a tax levy obligation. When the Village issues General Obligation bonds to pay for capital improvements, one of the conditions of the bonds is that the repayment of the bonds is backed by the full faith and credit of the Village. Therefore, the Village is legally bound to levy for 100% of the debt service; however, depending on the project the Village may decide to repay the bonds using other sources of revenue, such as Water and Sewer or MFT collections.

Another form of abatement occurs when an entity, other than the Village, pays the costs of maintaining a special service area. An example would be when a Homeowners Association pays for the care and maintenance of a stormwater detention area.

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1. How much of my property tax bill goes to the Village?
2. What do I get for my money?
3. Who determines how much I pay in property taxes?
4. Why do I pay my bill to the County when some of my money goes to the Village?
5. What are abatements?
6. What is a Special Service Area (SSA)?
7. Why is my water bill so high?
8. My water was shut-off, but I didn't receive a bill. Why?
9. I just moved to Carpentersville and need to set-up a water account. What do I need?