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McKinney board approves Level 2 H.N.I.Z. tax exemption for W.H. Knott House at 502 West Hunt Street
Summary
The Historic Preservation Advisory Board approved a Level 2 Historic Neighborhood Improvement Zone tax exemption for 502 West Hunt Street (W.H. Knott House), certifying $21,190 in eligible rehabilitation work and applying a 50% city ad valorem tax exemption for 10 years; staff noted program caps and estimated city revenue foregone.
The Historic Preservation Advisory Board on Sept. 4 approved a Level 2 Historic Neighborhood Improvement Zone (H.N.I.Z.) tax-exemption request for the W.H. Knott House at 502 West Hunt Street.
City historic preservation staff member Raina presented the application, saying the house — identified in staff materials as the W.H. Knott House and constructed c. 1935 in a Tudor Revival style — qualified as a high-priority property and met the program's Level 2 criteria. Raina said the owners documented at least $21,190 in eligible building…
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