The Mills Act program provides a property tax rebate to owners of designated historic properties who commit to using the savings for ongoing maintenance or restoration. The home was approved for Class 1 designation last week, leading to a discussion about tax breaks for some historic properties in the city. The Mills Act program provides a property tax rebate to owners of designated historic properties who commit to using the savings for ongoing maintenance or restoration. “Not every single one of the 524 are pursuing Mills Act contracts, nor would we necessarily work with them to do so,” Hadwin said. Across the roughly 12 contracts granted annually, Hadwin said that translates to a reduction in the city’s property tax base of approximately $20,000 to $35,000 per year.

Source: The Guardian March 29, 2026 13:04 UTC