Homebuyer’s Property Tax Refund Program
The Homebuyer’s Property Tax Refund Program initiative encourages investment in Rockford neighborhoods by rebating property taxes for three years on residential properties.
The program offers purchasers of foreclosed or short-sale homes, as well as newly-built homes in the City of Rockford, a property tax refund for three years. The refund, issued at the end of each tax year in a lump sum, would cover up to 100 percent of the owner’s property tax bill, if all taxing bodies approve the program. How does it work? Visit www.homebuyerstaxrefund.org for program guidelines and more detailed information.