Agenda Item Name:
Title
Historic Ad Valorem Exemption for 716 SE 4th Avenue, Gainesville
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Presenter:
Kathleen W. Pagan, Senior Planner, 352-374-5249
Description:
Historic Ad Valorem Exemption for one (1) residential property in Gainesville. The City granted the exemption in 2021, for 10 years beginning 2022.
Recommended Action:
Recommended Action
Approve the Historic Ad Valorem exemption and authorize the Chair to sign the associated covenant
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Prior Board Motions:
In accordance with Comprehensive Plan Historic Preservation Element Policy 2.8, and per the Alachua County Code, the Board may grant an ad valorem exemption for historic preservation for qualifying properties within the county.
Fiscal Consideration:
Fiscal Consideration
Valuation is pending Property Appraiser estimate, The exemption will only apply to any increase in the property value resulting from the renovations. The previous property value will continue to be taxed, and the exemption will expire after ten (10) years
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Strategic Guide:Strategic Guide
Housing
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Background:
The residential property owner applied for the City exemption during an earlier year. Due to some delays in processing this is not under review for the County portion of the ad valorem tax. If approved, the ad valorem exemption will be for 10 years and will cover only the increased assessed value of the property resulting from the renovations that took place as part of the tax exemption application. The enclosed application for the property has been reviewed by the certified local historic preservation office of the City of Gainesville that has determined that the property and improvements meet the federal Secretary of Interior Standards for Historic Preservation and are therefore qualified. Therefore, if approved the property is also eligible for the County exemption.
The owner of the property (716 SE 4th Avenue, Gainesville) has completed property improvements to an existing structure
The Property Appraiser has not provided a preliminary estimate of the value. Records of Permit 18-00705 from March 2018 indicate the value of improvements was $160,000.
Note the prior value and tax is not impacted by the historic exemption if approved. In 2020 total ad valorem taxes were paid and the County portion of this amount was based on a millage of 7.8935 with an assessed and taxable value of $115,500. County ad valorem tax in 2020 was $911.70 of a total of $3,486.07. In 2021 total ad valorem taxes were paid and the County portion of this amount was based on a millage of 7.8662 with an assessed and taxable value of $127.050. The County portion of the total$3,760.06 ad valorem taxes was $999.40 in 2021.
The City staff report documents the project work. Attachments include: 1. (County) Resolution and Covenant for 716 SE 4th Avenue, Gainesville (Documents requiring action-2 separate files, with owner signature attached separately showing agreement of owner). 2. Adopted City of Gainesville Ordinance 200281 and Covenant. 3. City Staff Report 4. Maps of 716 SE 4th Avenue, Gainesville 5. Property Appraiser report and tax record.
The importance of historic properties to the economic value and quality of life in neighborhoods in Florida is documented in research. A study led by University of Florida Levin College of Law in 2022 with this information is online at https://www.coralgables.com/sites/default/files/mediaexport/Historical%20Resources/52091.pdf.