§ 2-29-306. Ad valorem tax exemption for historic property open to the public.
Latest version.
If an improvement satisfies the eligibility criteria set forth in this article and
the property is used for nonprofit or governmental purposes and is regularly and frequently
open for the public's visitation, use, and benefit, the board of county commissioners
hereby authorizes the exemption from ad valorem taxation of one hundred (100) per
cent of the assessed value of the property, as improved, as long as all other provisions
of this article have been satisfied; provided, however, that the assessed value of
the improvement must be equal to at least fifty (50) per cent of the total assessed
value of the property as improved. This exemption applies only to real property to
which improvements are made by or for the use of the existing owner. In order for
the property to qualify for the exemption provided in this section, any such improvements
must be made on or after the effective date of this article.
(Ord. No.
16-30
, § 1, 9-19-16)
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