 |
Davenport NOW Tax Rebate Program |
|
Beginning July 1, 2009 the purchase of a new home in Davenport will qualify for a property tax waiver equal to 1/2 of the city's tax bill for 10 Years. You may elect to receive this tax break in the form of a single rebate check paid up front!
There has never been a better time to buy!
Use the table below to estimate the amount of your Davenport NOW tax waiver or rebate. (this table assumes assessed value will equal your purchase price)
| Home Price |
10 Yr Waiver Amount |
Rebate Amount |
| 250,000 | $ 9,398 | $ 7,258 |
| 275,000 | $ 10,337 | $ 7,983 |
| 300,000 | $ 11,277 | $ 8,709 |
| 325,000 | $ 12,217 | $ 9,435 |
| 350,000 | $ 13,157 | $ 10,161 |
| 375,000 | $ 14,096 | $ 10,887 |
| 400,000 | $ 15,036 |
$ 11,612 |
Each additional $25,000 in home price adds $940 to the waiver amount and $725 to the rebate amount. For more information visit: http://www.cityofdavenportiowa.com/egov/docs/1246045866441.htm