Mills Act Homes For Sale Downtown Los Angeles – Save $5,000 per year? What are the benefits?

Mills Act Property Tax Benefits – Historic Homes Can Pay Dividends  #millsact #dtla

Eckardt Building Santee Village Downtown Los Angeles
Mills Act Historic Building Tax Benefits

For historic lofts in Downtown Los Angeles, the Mills Act law was created to help and encourage owners of beautiful old buildings to keep them around and keep them well-maintained and looking nice while retaining their authentic charm and original appeal. Most Mills Act historic building property owners report that they save a whopping 66% off of county property taxes.  With average downtown annual property taxes running around $7,500, the Mills Act certainly is a big help if it saves a reported average of around $5,000 per year.  |  MILLS ACT LOFT WITH PRIVATE BALCONY  |  Mills Act Guidelines

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Historic Mills Act Loft Buildings Downtown Los Angeles
Historic Mills Act Loft Buildings Downtown Los Angeles

Copyright © This free information provided courtesy L.A. Loft Blog and with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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