§ 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)