From July 1, 2009 Through June 30, 2012 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!  Combine this tax break with today’s low interest rates and 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 application and official information about this program click below: http://www.cityofdavenportiowa.com/egov/docs/1246045866441.htm Also home to Residential Rentals Good news! The Davenport City Council voted to extend this generous rebate through June 1, 2014!