KECHI – The city has approved an incentive plan for newly constructed homes.
The incentive provides a cash grant to homeowners equal to the city’s portion of their property taxes for 10 years. The grants are transferable to the new homeowner if the home is sold.
There is no minimum appraisal price to qualify, but there is a maximum appraisal price of $400,000.
These incentives put cash back into the pockets of new homeowners. A $200,000 home would be eligible for $5,732 worth of grants. A $400,000 home would total $11,460 in grants over the 10-year period.
The homeowners must move into their home before Dec. 31, 2013 to qualify, and must remain current on all property taxes.
A study conducted by Coldwell Banker Real Estate LLC ranks Kechi among the top 25 suburbs in Kansas, and recognizes that Kechi has some of the most attractive homes in Sedgwick County. Several residential properties are available throughout Kechi.
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