I just successfully got our house designated on the Historic Register!

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GraceOMalley_IHB

GraceOMalley_IHB

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November of last year I met with the city to apply to have our house designated on the historic register and its taken the city a YEAR to finally have the meeting to vote on it, and the vote was unanimous My next steps will be to apply for the Mills Act, and then our property taxes will be cut by a little more than half and wont be adjusted as the property increases in value, in fact they wont be adjusted until the house is sold, but even then the Mills Act will keep the property taxes down. I am sure that no one but BK knows what Im talking about but WOOT!
 
You seriously underestimate us housing nerds. I got all of it, and I wish you the best of luck on the Mills Act, that will rock!
 
[quote author="graphrix" date=1254468947]You seriously underestimate us housing nerds. I got all of it, and I wish you the best of luck on the Mills Act, that will rock!</blockquote>




I dont underestimate anyone here I just know that stuff like historical designation and mills act etc is boring as sh*z. I take for granted that the lot of you are smarter than me.
 
Did anyone else just have trouble submitting a post? It would not let me use fast reply or post reply buttons. Meanwhile, I could see everyone else posting.
 
Congratulations, Grace.



From what I've read, some jurisdictions require the property tax money that is saved to be spent on the preservation or restoration of the property. Is that something that will be required of you in your area?
 
[quote author="SoCal78" date=1254469360]Congratulations, Grace.



From what I've read, some jurisdictions require the property tax money that is saved to be spent on the preservation or restoration of the property. Is that something that will be required of you in your area?</blockquote>


Yes, and thats fine. It goes with owning an old house. In the end though its less bleedin money that they govt gets that I dont get anything from.
 
[quote author="Mcdonna1980" date=1254469739]What were the requirements to get the house listed as a historical property? What do you have to get the Mills Act?</blockquote>


House needs to be at least either 30 or 50 years old (I think I am confusing cars and houses here) and needs to be in at least 80% + original condition. In my case the house hasn't had an additions since the original permits were taken out. The exterior is what they are most concerned about. Our house is a very pure example of period architecture for the 1930's. (thank to BK for choosing it)



Once you are designated as a historical property, applying for the mills act will take your property taxes and cut them between 50 and 75% depending on the structure etc. Once the property has been accepted as part of the mills act, your property taxes do not change from year to year, unless you sell the property. Even then through they stay well below market. The entire point is for you to invest in the house and keep it from being updated poorly and is used an an incentive for you to invest in both the property and the community.
 
[quote author="GraceOMalley" date=1254470351][quote author="Mcdonna1980" date=1254469739]What were the requirements to get the house listed as a historical property? What do you have to get the Mills Act?</blockquote>


House needs to be at least either 30 or 50 years old (I think I am confusing cars and houses here) and needs to be in at least 80% + original condition. In my case the house hasn't had an additions since the original permits were taken out. The exterior is what they are most concerned about. Our house is a very pure example of period architecture for the 1930's. (thank to BK for choosing it)



Once you are designated as a historical property, applying for the mills act will take your property taxes and cut them between 50 and 75% depending on the structure etc. Once the property has been accepted as part of the mills act, your property taxes do not change from year to year, unless you sell the property. Even then through they stay well below market. The entire point is for you to invest in the house and keep it from being updated poorly and is used an an incentive for you to invest in both the property and the community.</blockquote>
Does the Mills Act also apply for properties in Los Angeles? I ask because I helped one of my good friends from USC buy a duplex built into 1926 and I was thinking that they would be able to benefit getting their home listed as a historical property. Their property is in great shape and has not had any additions or modifications (they made some minor interior renovations to the kitchen and bathroom areas. Could you PM and let me know how they should get the ball rolling? Thanks in advance.
 
T, here the site for LA. There is a application link towards the bottom.

<a href="http://preservation.lacity.org/mills-act">Mills Act for LA</a>

whoops Socal beat me to it. :)
 
Several times I've come close to getting a house declared as an historical landmark. The biggest issue was you SHALL NOT update it to anything that is not within its history. Its no secret I LOVE arts and crafts homes. But wow, purchase a 600k home and spend another 1M to 1.5M to bring it back upto snuff.



I'm not that dedicated....
 
[quote author="biscuitninja" date=1254482296]Several times I've come close to getting a house declared as an historical landmark. The biggest issue was you SHALL NOT update it to anything that is not within its history. Its no secret I LOVE arts and crafts homes. But wow, purchase a 600k home and spend another 1M to 1.5M to bring it back upto snuff.



I'm not that dedicated....</blockquote>


Buying a tear down and building a 6000 sqft. McMansion doesn't cost that much. I know my cost of vintage home repairs... and no way in hell it costs $1000 to $1500 a sqft. to do it. Did you mean to type K instead of M?
 
[quote author="irvine_home_owner" date=1254487165]Some day, a 3-car wide garage will become a historical landmark... some day.</blockquote>
Keep the dream alive IHO!
 
[quote author="USCTrojanCPA" date=1254472039][quote author="GraceOMalley" date=1254470351][quote author="Mcdonna1980" date=1254469739]What were the requirements to get the house listed as a historical property? What do you have to get the Mills Act?</blockquote>


House needs to be at least either 30 or 50 years old (I think I am confusing cars and houses here) and needs to be in at least 80% + original condition. In my case the house hasn't had an additions since the original permits were taken out. The exterior is what they are most concerned about. Our house is a very pure example of period architecture for the 1930's. (thank to BK for choosing it)



Once you are designated as a historical property, applying for the mills act will take your property taxes and cut them between 50 and 75% depending on the structure etc. Once the property has been accepted as part of the mills act, your property taxes do not change from year to year, unless you sell the property. Even then through they stay well below market. The entire point is for you to invest in the house and keep it from being updated poorly and is used an an incentive for you to invest in both the property and the community.</blockquote>
Does the Mills Act also apply for properties in Los Angeles? I ask because I helped one of my good friends from USC buy a duplex built into 1926 and I was thinking that they would be able to benefit getting their home listed as a historical property. Their property is in great shape and has not had any additions or modifications (they made some minor interior renovations to the kitchen and bathroom areas. Could you PM and let me know how they should get the ball rolling? Thanks in advance.</blockquote>


Yes. Its a national program. I will PM you.
 
[quote author="Mcdonna1980" date=1254473450]I don't think the city of Fullerton particpates in the Mills Act. I'm not sure why.</blockquote>


They do. They have to its a national program.
 
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