Quincy School Board Backs Three-Year Property Tax Refund for New Housing

Quincy Hannibal Keokuk, IL, October 14, 2026 —

The Quincy School Board has adopted an agreement supporting a program intended to encourage residential construction and increase housing availability in Quincy. The incentive provides a property tax refund tied to incremental tax increases from new residential developments over a three-year period.

Under the arrangement described, taxing bodies would continue to retain the tax revenues generated before construction. The refund applies to incremental increases associated with new residential development; the summary of the agreement does not provide further details about how those increases would be calculated or distributed.

The board’s action supports the incentive program, but information provided about the agreement does not specify when it was adopted or when the program would begin. It also does not identify the other parties to the agreement, the taxing bodies involved, or the number or type of residential developments that could participate.

The program is designed to encourage construction and expand housing availability, according to the summary. No estimates were provided for how many homes might be built, the amount of tax revenue that could be refunded, or the overall fiscal effect on the participating taxing bodies.

Further details about eligibility, application procedures and implementation were not provided. The available information also does not say whether the agreement includes additional conditions or how the program’s results will be assessed.

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