The Mills Act is a federal organization located in the Western part of the United States that specifically helps protect historic homes from being improperly renovated or destroyed. Mainly found in California and Arizona, the Mills Act works with the individual states in lowering the yearly tax base paid on these historic homes. The savings can be significant and I have personally seen the taxes as low as 50% lower than what the normal tax rate should be.
Things to look for when looking for a historic home. First, not all historic homes will be covered by the Mills Act. Just because the home was built in the 1920's or 30's doesn't automatically qualify the home to be covered under the Mills Act. It's worth asking the real estate agent and/or owner
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