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# Historic property tax break
- URL: https://www.smdp.com/historic-property-tax-break/
- Published: 2006-10-24T15:00:00.000Z
- Updated: 2026-10-23T21:46:02.000Z
- Author: Guest Author
- Tags: Real Estate & Housing, Santa Monica, #archive-import

Those residents who own historic properties in Santa Monica should be getting a tax break thanks to the Mills Act Historic Property Preservation Agreements. The Mills Act is “a state law which enables local governments to enter into contracts of qualified historic properties to authorize a property tax reduction,” a city staff report said. The act was established in an effort to help preserve and designate such historical sites in the city with the provision of incentives.

Those buildings which are qualified structurally and evaluated for their restoration and maintenance needs will be eligible for the proposed 10-year plan, which will allow a $4,649 property tax revenue reduction for the owners.

*Originally published in the Santa Monica Daily Press print edition on October 24, 2006.* [Read the original PDF.](https://s3.us-east-1.amazonaws.com/smdp%5Fbackissues/102406.pdf?ref=smdp.com)