Title
Consider public testimony regarding and an ordinance granting a partial exemption from ad valorem taxes for certain qualified historically significant properties located 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.