Historic landmark tax break under scrutiny
ACC halts exemption: county school district studying impact
A City of Austin program that offers generous tax breaks to owners of historic homes and buildings is drawing scrutiny from other local taxing entities.
Under the program, the city designates homes and buildings as historic landmarks, which makes those properties eligible for tax breaks not just from the city, but from the four other local taxing entities. The exemptions can trim the tax bill for a historic property by more than half.
The Austin Community College board de- cided Monday to scrap its historic landmark tax exemption for its upcoming budget year, which starts Sept. 1, and might soon consider whether to eliminate it for good. Austin school board trustees have asked budget staffers about the exemption’s budget impact. And a Travis County-appointed committee is studying several tax-related issues, including whether and how to change the landmark tax break.
A flurry of two dozen historic landmark ap-