The New Construction Homebuyer Incentive Program (NCHIP) is a rebate program, which reimburses a preset percent of City property tax to qualified buyers of a newly constructed home for the first four (4) years of owning the home. Some restrictions will apply. The homeowner will also receive $2,000 at closing to be applied to closing costs.
Eligibility: Homeowners may apply for NCHIP rebates on single-family, owner-occupied homes, whether single unit housing or part of a multi-unit structure as long as a separate fee title to the residence is acquired. Application Deadline: The application, agreement, and W-9 forms need to be completed, signed, dated and returned to the City Treasurer’s office located at City Hall, 400 E. Kansas Avenue, McPherson, KS 67460 at least 10 days prior to the closing date of the purchase of the new home. Program Period: Applications will be received until December 31, 2020. Transferability: The tax rebate can only be claimed by the first owner/occupant and is NOT transferable to a subsequent owner.
Questions? Contact Johnette Shepek, Treasurer/Finance Director, at 620.245.2535.