Round Rock Texas Banner
File #: 2016-3543   
Type: Ordinance Status: Passed
File created: 6/1/2016 In control: City Council
On agenda: 6/23/2016 Final action: 6/23/2016
Title: Consider public testimony regarding, and an ordinance granting a partial tax exemption from ad valorem taxes for certain qualified historically significant properties in the city limits of Round Rock. (First Reading)*
Attachments: 1. Ordinance, 2. Exhibit A

Title

Consider public testimony regarding, and an ordinance granting a partial tax exemption from ad valorem taxes for certain qualified historically significant properties in the city limits of Round Rock. (First Reading)*

 

Body

The partial tax exemption program for historically significant properties, created in 1982, encourages owners of historic properties to use money saved on taxes to provide regular maintenance and/or repair to their historic structures.  With this program, property owners receive a 75% exemption of municipal property taxes.  The Historic Preservation Commission is responsible for inspecting properties that participate in the program and recommending to the City Council whether a property is eligible to receive the tax exemption.

 

Recommended Action

Staff recommends approval.