City of Round Rock - File #: 2016-3543

• 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)*

Date	Ver.	Action By	Action	Result
6/23/2016	1	City Council	approve	Pass
6/23/2016	1	City Council	dispense with the second reading and adopt	Pass

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.