Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Historic Tax Exemption topic
No spam. Unsubscribe anytime.
Staff places proposed updates to historic tax-exemption program on hold
Summary
City staff told the Historic Landmark Commission that proposed updates to Denton's historic tax-exemption program are on hold pending improved city finances; the existing 50%/minimum $10,000 criteria remain unchanged.
City preservation staff told the Denton Historic Landmark Commission that proposed updates to the city’s historic tax-exemption program will be put on hold until the city is in a stronger financial position.
Miss Roberts, historic preservation staff, said staff had "run lots of calculations with our budgetary constraints" and that changing factors such as the exemption percentage and minimum thresholds made the proposal complex. "Staff has decided to put a hold on it, until we're in a better financial, you know, state, as a city," she told the commission.
When commissioners asked what "putting it on hold" meant for property owners, Roberts said existing program rules would remain in effect. "Yes. So that nothing's changing. Everything's operating still as is with that 50%, that minimum 10,000. Nothing's changing there," she said.
Roberts said staff would continue to explore other incentives that carry fewer financial unknowns, including the possibility of a grant program, and might revisit the topic later or work with a consultant when resources allow. She described the grant option as more typical of neighborhood-enhancement programs rather than preservation-specific incentives and said details were "still very much in preliminary phases."
