Saturday, August 31, 2013
POSSIBLE BOCA RATON TAX BREAK FOR VALUE ADDED IMPROVEMENTS IN HOMES DESIGNATED AS HISTORIC
According to the Sun-Sentinel, if the City council approves a new ordinance, owners of designated historic homes would not have to pay city or country taxes for 10 years on any value added improvements.
Federal funds amounting to $100,000 are being distributed throughout Florida to help preserve historic homes and neighborhoods, and with this ordinance in place, Boca can get some of these funds.
Ten counties and 53 other municipalities have joined this effort, including Delray Beach and Boynton Beach.
Cost of getting a Boca Raton property declared historic by City Council is $1500. The designation means the city’s Historic Preservation Board will review proposed changes a homeowner wants to make.