Category: Mills Act

Mills Act LA Property Tax Los Angeles

MILLS ACT PROPERTIES FOR SALE  |  DOWNTOWN LOFTS FOR SALE

MillsActLA.com  —  Want to save a bundle on your property taxes while helping to maintain the authentic integrity of an historic California building? The Mills Act is a California law allowing cities to enter into contracts with the owners of historic buildings. Such contracts involve a reduction of property taxes (sometimes up to 66% or more) in exchange for the continued preservation of the property.

Mills Act Historical Property Contract Program

A formal agreement, generally known as a Mills Act or Historical Property Contract, is executed between the City of Los Angeles and property owners for a revolving ten-year term. Contracts are automatically renewed each year so that the term of the contract always extends for ten years. Builders and homeowners agree to restore, maintain, and protect the property

in accordance with specific historic preservation standards and conditions identified in the contract. Periodic inspections by LA City and County officials ensure proper maintenance of the property. The City may impose penalties for breach of contract or failure to protect the historic property. The contract is transferred to new owners if the property is sold, and is binding to all successive owners.  MILLS ACT DETAILS  >> MORE   |   SOLD

The list of Downtown L.A. Mills Act properties is always changing. Here are some recent examples:

108 W 2ND ST — Higgins Building
1850 INDUSTRIAL ST — Biscuit Company
215 W 7TH ST — Bartlett Building
257 S SPRING ST — Douglas Building
315 E 8TH ST — Textile Building
416 S SPRING ST — El Dorado Building
420 S SAN PEDRO ST — Little Tokyo Lofts
460 S SPRING ST — Rowan Building
738 S LOS ANGELES ST —  Eckardt Building
746 S LOS ANGELES ST — Cornell Building
849 S BROADWAY — Eastern Columbia
>> MORE

200 N San Fernando Rd was incorrectly listed as an historic Mills Act building previously, but that was an error. A sample of current Greater Los Angeles MILLS ACT PROPERTIES FOR SALE is available by request. To request a free list of updated Mills Act properties for sale with property descriptions and photos, click here.

MILLS ACT PROPERTIES FOR SALE  |  DOWNTOWN LOFTS FOR SALE

More information on Mills Act Properties is available at https://www.laloftblog.com/?s=mills+act

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MILLS ACT PROPERTIES FOR SALE  |  DOWNTOWN LOFTS FOR SALE

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Corey Chambers, REALTOR®
(213) 880-9910
coreychambers@yahoo.com
http://www.laloftblog.com/

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449  Not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  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.

Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

*seller and Corey must agree on price and time of possession – details and conditions visit coreychambers.com