An 800K price but tax at 200K- Mills Act
, Page views: 292 Edit this page
- Safari Users
- Sorry, at this time, if you are using a Safari web browser you will be unable to create or edit pages in the Real Estate Guide. We're currently working on a solution. In the meantime, if you have a Firefox browser, you can use that to create or edit pages.
The Mills Act, I believe, in HPOZ (Historic Preservation Overlay Zones) zones provides for a reduction in property taxes. For instance, I found a home for sale at $800,000 yet the tax rate was at $200,000 because the house is in an HPOZ zone whereby the new owner agrees to abide by renovation and remodeling laws and conditions. Therefore the $8,000 annual tax on the property would instead be $2,000 or so.
Uploading Image- Edit this page
- |
Flag content
Close
- Flag Content as Offensive
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow.com, please let us know by completing the information below.
( *=Required)
Close- Content Flagged
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Close- We're Sorry
- This service is temporarily unavailable. Please come back later and try again.
