New Construction Incentives

There are two New Construction Property Tax Incentive Programs in the City of Rock Island. One incentive applies to the entire city, while the second applies to the New Old Chicago Neighborhood and the Downtown TIF area.

Entire City
The City of Rock Island, the Rock Island-Milan School District #41, and Rockridge School District #300 have joined together to offer a Property Tax Incentive Program for new homes in the City of Rock Island. The City of Rock Island will rebate its property taxes up to $1,500 per year. To qualify, you must be the first buyer (not transferable), and your home must be:

• New construction located in the City of Rock Island on any undeveloped lot.
• An owner occupied single family home or condominium.
• Issued a Certificate of Occupancy prior to July 1, 2010.

New Old Chicago & Downtown TIF Area
The City of Rock Island and the Rock Island-Milan School District #41 have joined together to offer a special Property Tax Incentive Program for new homes in two specific neighborhoods. The City’s rebate is for 10 years, with 100% rebated in the first year, 90% the second year, 80% the third year, etc. The maximum rebate per year is $1,500. To qualify, you must be the first buyer of the home (not transferable), and your home must be:

• New construction located in the New Old Chicago neighborhood or Downtown Tax Increment Finance District of the City of Rock Island on an undeveloped lot.
• An owner-occupied single-family home or condominium Issued a Certificate of Occupancy prior to July 1, 2010.

Click here for more information on the New Construction Property Tax Incentive Programs or call the City of Rock Island at 309.732.2900.