Historic Tax Exemption Program on Dallas City Council Agenda This Week

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Images: Courtesy of Preservation Dallas

When a historic building undergoes renovation, it’s an expensive process that can take years. As a way to preserve Dallas’ historic built environment, the City of Dallas began offering a tax exemption in 1993. The exemption, which is managed by the Office of Historic Preservation, helps owners completing rehabilitation projects to historic properties that are City of Dallas landmarks or contribute to landmark districts.

According to Preservation Dallas, the current version of this program is set to expire at the end of 2020 if no action is taken.

“This program has been incredibly important and helpful to the rehabilitation of both residential and commercial historic properties,” Preservation Dallas said in an advocacy alert. Such high-profile projects that have benefited from tax exemptions include the Knights of Pythias building, which just completed a massive rehabilitation this year and is now the Pittman Hotel.

The renewal of the historic tax exemptions is on the consent agenda at Wednesday’s Dallas City Council meeting, extending the sunset to 2025.

According to the City of Dallas website, the city’s coffers forego just over $4 million over a five year period. With an annual budget that hovers around $3.6 billion, I’d say that the tax exemptions for the renovation and rehabilitation of historic Dallas buildings is well spent.

Agree? Feel free to contact your Dallas City Council member.

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Joanna England

If Executive Editor Joanna England could house hunt forever, she absolutely would. Instead she covers the North Texas housing market and the economy for CandysDirt.com. While she started out with the Real Estate Center at Texas A&M University, Joanna's work has appeared in The Dallas Morning News as well as several local media outlets. When she's not knitting or hooping, or enjoying White Rock Lake, she's behind the lens of her camera. She lives in East Dallas with her husband, son, and their furry and feathered menagerie.

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