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Assessor pitches historic-property tax credit to help owners of older Morgan homes
Summary
Morgan County assessor outlined a draft historic-property tax credit aimed at about 100 older homes and some businesses, proposing eligibility rules, annual review and shared costs across city, county and school district; staff said the idea would be taken to county commissioners for formal action.
Morgan City’s assessor described a proposed tax credit Thursday intended to reduce tax burdens for owners who preserve older homes and commercial buildings, and asked the city council to endorse sending the idea on to county officials for consideration.
The proposal, presented by the assessor, would target roughly 100 homes or businesses out of about 1,900 county parcels and tie eligibility to property age, occupant age and income. “I do not do taxes, but I was willing to help wherever I can,” the assessor said, describing prior work on a homestead exemption and the new idea to support historic preservation.
If adopted as drafted, the program the assessor described would require applicants to live in a…
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