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This document includes a memorandum about the nomination of the Cozzens House as a historic landmark and the proposal for a Mills Act Historical Property Contract for property tax relief in exchange

How to fill out cozzens house historic landmark

How to fill out Cozzens House Historic Landmark Nomination and Mills Act Contract

1. Gather necessary documents: Compile any historical data, photographs, and architectural details about the Cozzens House.
2. Complete the nomination form: Fill out personal information, history of the property, and its significance.
3. Describe the architecture: Provide details about the design, style, and materials used in the structure.
4. Assess historical significance: Include information on the property's contribution to local history and architecture.
5. Offer reasons for preservation: Justify why the Cozzens House should be designated as a historic landmark.
6. Prepare the Mills Act Contract application: Include property details and intended preservation efforts under the Mills Act.
7. Submit applications: Send the completed nomination and Mills Act Contract applications to the relevant local authority.
8. Attend hearings: Be present at any meetings or hearings to advocate for the nomination.
9. Follow up: Check on the status of the applications and provide any additional requested information.

Who needs Cozzens House Historic Landmark Nomination and Mills Act Contract?

1. Homeowners of the Cozzens House who wish to preserve its historical integrity.
2. Individuals looking to benefit from property tax reductions through the Mills Act.
3. Local historical societies or organizations interested in preserving historical landmarks.
4. Real estate developers planning to restore or maintain historical properties.

People Also Ask about

How much does the Mills Act reduce property taxes?

Property tax reductions result when the property tax amount that is based on the Mills Act value is compared to the previous property tax amount. The savings vary from property to property and have ranged from 20% to 70% based on the County Tax Assessor's property valuations in ance with the state law formula.

What is the Mills Act in San Diego property tax?

Typically, property owners can expect a 20% to 70% savings on their property taxes. Under State law, the lesser of 1) the current market value, 2) the Proposition 13 value, or 3) the restricted value based on the rents will be used to calculate your property taxes.

Who is the historic preservation officer in Palm Springs?

Sarah Yoon, Associate Planner/Historic Preservation Officer.

What is the mill tax on a property?

The mill levy is the "tax rate" that is applied to the assessed value of a property. One mill is one dollar per $1,000 dollars of assessed value.

What are the advantages of owning a historic home?

Buying a Historic Home: Pros and Cons Pro: Tax Incentives. Pro: Preserving History. Pro: Higher Return on Investment. Pro: Financial Assistance For Renovations. Pro: Joining a Community Full of Character. Con: Stricter Regulations. Con: Complicated Renovations. Con: Difficult To Arrange Financing and Insurance.

How is Mills Act tax calculated?

Generally, the income less certain expenses is divided by a capitalization rate to determine the assessed value of the property. When a property is owner- occupied, the determination of “income” is based on what a property could reasonably be expected to yield.

What is the Mills Act for historic property?

Enacted in 1972, the Mills Act legislation grants participating local governments (cities and counties) authority to enter into contracts with owners of qualified historic properties who actively participate in the restoration and maintenance of their historic properties while receiving property tax relief.

What is the Mills Act historical property contract program?

A formal agreement, generally known as a Mills Act or Historical Property Contract, is executed between the local government and the property owner for a minimum ten-year term. Contracts are automatically renewed each year and are transferred to new owners when the property is sold.

For pdfFiller’s FAQs

What is Cozzens House Historic Landmark Nomination and Mills Act Contract?

The Cozzens House Historic Landmark Nomination is a formal recognition of the historical significance of the Cozzens House, which allows for protections and preservation measures. The Mills Act Contract is a legal agreement that provides property tax relief to owners of qualified historic properties in exchange for their commitment to maintain and restore the property.

Who is required to file Cozzens House Historic Landmark Nomination and Mills Act Contract?

Property owners of the Cozzens House who wish to have their property recognized as a historic landmark and who seek tax benefits under the Mills Act are required to file these documents.

How to fill out Cozzens House Historic Landmark Nomination and Mills Act Contract?

To fill out the nomination and contract, property owners must provide relevant historical data, details about the property's architectural features, photographs, and descriptions of planned maintenance and restoration efforts. It is recommended to consult with local historical societies or government offices for guidance.

What is the purpose of Cozzens House Historic Landmark Nomination and Mills Act Contract?

The purpose of the nomination is to formally designate the Cozzens House as a historic landmark, thereby ensuring its protection and preservation for future generations. The Mills Act Contract aims to incentivize property owners to maintain and restore historic properties by offering reduced property taxes.

What information must be reported on Cozzens House Historic Landmark Nomination and Mills Act Contract?

Information that must be reported includes the property's historical significance, legal descriptions, the owner's contact information, detailed descriptions of architectural features, restoration plans, and commitment to maintenance requirements under the Mills Act.