McKinney, TX. offers a tax incentive program to encourage restoration.

All homeowners located in the Historic Neighborhood Improvement Zone (HNIZ)

could possibly receive tax exemptions on City taxes for 15 years if they qualify

for one of the three levels outlined under the new HNIZ ordinance.

To encourage the maintenance, rehabilitation, and preservation of the City's

unique and historic neighborhoods by providing tax exemptions to homeowners

who qualify.

To participate in the program, contact the Historic Preservation Officer for the

City of McKinney or go online to see how you can qualify for the tax exemption

program. In order to receive a tax exemption work must be pre-qualified by the

Historic Preservation Officer. Any work not pre-qualified or work done prior to

application is not eligible for a tax exemption.

A homeowner makes $10,000 in verified improvements to qualify for the 50% tax

exemption. If the house is worth $200,000 the homeowner would save $8,820 in

City taxes over the next 15 years (assuming the value and tax rate do not

change).

Please contact the Historic Preservation Officer @ 972.547.7416 or online at

www.mckinneytexas.org

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