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Page 1: Historic Site Tax Exemptions Exemption descriptionsHistoric Site Tax Exemptions Exemption descriptions as of March 21, 2019 Eligibility Investment Benefit Qualified Expenses (QE) are

Historic Site Tax Exemptions Exemption descriptions as of March 21, 2019

Eligibility Investment Benefit

Qualified Expenses (QE) are between 25% and 99%

of the structures’s value

• Landmarks

• Protected Landmarks

• Contributing Structures located inside a City

of Houston Historic District

Exemption equals QE:

For example:

Starting Land Value = $200,000

Starting Structure Value = $100,000

Investment = $30,000

Exemption (annually/15 yrs) = $30,000

Assuming no other exemptions, the property

owner pays taxes on land value, structure value

(less the QEs) times the tax rate for 15 years.

Qualified Expenses (QE) equal or greater than 100%

of the structures’s value

• Landmarks

• Protected Landmarks

• Contributing Structures located inside a City of

Houston Historic District

EXCEPT: For single family structures that meet the

above criteria, they must also be located within

Qualifying Census Tracts, defined as Census Tracts

in which the poverty rate is at least 20% or the

median family income for such tract does not

exceed 80% of the metropolitan area median

family income. (see map on back)

Exemption equals the HCAD value on January 1 of

the next year:

For example:

Starting Land Value = $200,000

Starting Structure Value = $100,000

Investment = $200,000

Year 1 Improvement Value = $225,000

Exemption (annually/15 yrs) = $225,000

Assuming no other exemptions, the property

owner pays taxes on land value, structure value

(less the HCAD value on January 1 of the first year

after the improvements are complete) times the

tax rate for 15 years.

For the purpose of this ordinance, Qualified Expenses (QE) are:

1. Restoration performed pursuant to a certificate of appropriateness (COA) granted under the Historic

Preservation Ordinance;

2. Repair or reconstruction of the historic portion of the structural components, which includes parts of a

building such as walls, partitions, floors, ceilings; windows and doors; all components of a central air

conditioning or heating system, whether within or adjacent to a building, including motors, compressors,

pipes and ducts; plumbing and plumbing fixtures, such as sinks and bathtubs; electric wiring and lighting

fixtures; chimneys; stairs, escalators, and elevators; interior sprinkler systems; fire escapes; and other

components relating to the operation or maintenance of a building;

3. Interior remodeling of the historic portion of the structure's paint, flooring, permanent coverings such as

paneling or tiling;

4. Professional services such as architectural, engineering, and other development fees; and

5. Construction management and labor, materials, and reasonable overhead.

Page 2: Historic Site Tax Exemptions Exemption descriptionsHistoric Site Tax Exemptions Exemption descriptions as of March 21, 2019 Eligibility Investment Benefit Qualified Expenses (QE) are

Historic Site Tax Exemption

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ISource: U.S. Department of the Treasury Date: March 1, 2019

0 5 102.5Miles

Interstate HighwaysMajor Highways

Historic District (City of Houston)

Houston City LimitQualifying Census Tracts*

Protected LandmarkLandmark!

!

*The Qualifying Census Tracts arethose Low-Income Community (LIC) tracts with populations that have at least a 20% poverty rate and income of 80% of the AMI or lower.


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