SUBJECT: MILLS ACT AGREEMENTS FOR PRESERVATION OF HISTORIC PROPERTYMills Act Agreement • March 9th, 2020
Contract Type FiledMarch 9th, 2020California state law authorizes cities to enter into contracts (“Mills Act Agreements”) with the owners of qualified historical properties to provide a property tax reduction for the use, maintenance and restoration of historically designated properties. “Qualified Properties” are defined in Government Code Section 50280.1 as: “privately owned property which is not exempt from property taxation and which meets either of the following:
COUNCIL POLICYMills Act Agreement • January 26th, 2009
Contract Type FiledJanuary 26th, 2009California state law authorizes cities to enter into contracts (“Mills Act Agreements”) with the owners of qualified historical properties to provide a property tax reduction for the use, maintenance and restoration of historically designated properties. “Qualified Properties” are defined in Government Code Section 50280.1 as: “privately owned property which is not exempt from property taxation and which meets either of the following: