Title
Consider a presentation and recommendation regarding 2015 applications for partial tax exemption for historically significant sites.
Body
This year, fifty-two (52) applications were received for the historic tax exemption program. The Historic Preservation Commission (HPC) will make a recommendation on the eligibility of each application to receive the tax exemption. Recommended applications meet the criteria for preservation and maintenance according to Section 46-108(g) of the City of Round Rock Code of Ordinances.
The partial tax exemption program for historically significant properties was created in 1982. The program 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 program does not exempt county or school district taxes.
Recommended Action
Staff recommends approval with conditions based on inspections results.