Want to Save $$$ on Property Taxes?

The UNNC Neighborhood Council offers a Free Mills Act and Cultural Monument Application Workshop with Conservation Easement Information
May 31, 2008 from 9:30-11:00 am

At the LAPD Drop-in Center
4012 Washington Boulevard
Los Angeles, CA 90018
(near 10th Avenue)

Mills Act Applications are due on June 27, 2008.

The Mills Act Program is designed to encourage preservation of historic properties; these properties can be either residential or commercial. If approved, the property owner enters into a contract with the city of Los Angeles to use funds resulting from the reduction in property taxes to restore or maintain the structure. This approval remains with the property and is a positive marketing tool when the property is sold. Eligible properties must be either a contributor to an established Historic Preservation Overlay Zone or a Los Angeles City Cultural Monument.

Owners who purchased property after 1995 have the greatest potential benefit. Those who purchased property in the 1980’s may see a decrease. Those who owned property prior to the passage of Proposition 13 would receive no benefit.

The Mills Act application requires either a substantial time commitment from the property owner or the services of a professional. Computing potential property tax savings is the first step in determining whether to complete the application process. The application can be downloaded from the Planning Department website or can be obtained from the historic resources office on the sixth floor of the Los Angeles city hall.
The application handbook and forms require multiple downloads.

Please review the application prior to the workshop, if possible, and bring it to the workshop. Photos of the property interior and exterior are also useful.

Please R.S.V.P. to: mmdarch@ca.rr.com.