New Building Incentives in Fayette

   The Fayette City Council is hoping new construction incentives will bring new houses and businesses to Fayette.  At the July 15 council meeting, the council passed a Resolution offering some great construction incentives for new homes or new businesses.  The Council passed another Resolution clarifying some of these incentives that we will post soon.  The new construction incentives are listed below.  For more information, contact Fayette City Hall at 563-425-4316 or This email address is being protected from spambots. You need JavaScript enabled to view it..

NEW SINGLE AND FAMILY HOME BUILDERS & NEW COMMERCIAL CONSTRUCTION INCENTIVE PROGRAM JULY 15, 2019 - DECEMBER 31, 2020

INCENTIVE DESCRIPTION - INCENTIVE

  • *After Completion and Inspection of a new home or new business with an appraised value of $125,000 to $174,999* - receive $10,000.00
  • OR *After Completion and Inspection of a new home or new business with an appraised value of $175,000 or more* - receive $15,000.00
  • OR *After Completion and Inspection of a new home or new business with an appraised value of $175,000 or more constructed on land that required the demolition of a home or business of lesser value* - receive $20,000.00
  • OR *After Completion and Inspection of a new home or business with an appraised value of $124,999 or under, an annual rebate on CITY Property Taxes for three (3) years (up to $700 per year)* - receive up to $2,100.00 in tax rebates
  • **Water/Sewer Connection Fees waived per city hook-up** - receive up to $150.00  

*Note:  Only the first three qualified new homes or new businesses constructed and inspected will receive the incentives per calendar year.

**Note:  Property owners in the new Westfield Addition on Stone Man Court are required to pay a sewer connection fee of $1,000, per Chapter 100 of the City Code.

There is no place like home. And there is no place like Fayette.

11 S. Main Street

563.425.4316

info@fayetteiowa.com

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