You love historic properties. You love maintaining and beautifying your home. And you love saving money on taxes. Sounds good, right? We thought so! If you own or are in the market for an historic home, you’re going to want to read up on the Mills Act, which could save you up to 50 percent on property taxes if you qualify. To get you started, we’ve got the *NookNotes version (think of it as inspired by SparkNotes!) with the top-line details you need to know about the Mills Act below. Read on for more information!
What is the Mills Act?
Adopted by the California Legislature in 1976, the Mills Act gives local governments the authority to grant property tax relief to owners of qualified historic properties, including owner-occupied and income producing