Page 56 - Plano, TX Heritage Preservation Plan
P. 56
INCENTIVES AND BENEFITS
Strong heritage preservation programs include incentives and benefits to assist property owners in maintaining heritage
resources. Often special benefits are offered to stimulate investment in heritage properties, encourage owners to follow
appropriate rehabilitation procedures, and assist those with limited budgets. Some financial benefits are offered through
the City of Plano, while others are available from regional, state, and national organizations.
CITY INCENTIVE PROGRAMS
The City of Plano offers a number of incentive programs, some of which are exclusive to designated historic resources
and others that apply to historic structures or older, but non-historic, buildings.
Heritage Preservation Heritage Tax Exemption The Great Update Rebate
Grant Program Program
2004-2005 to 2017-2018 Between Potential Rebates Up To
$9,633,900 38% - 100% $5,000
TOTAL Grant Funds Allocated Tax Exemption, Depending on Use Per Property Per Year
of Structure
A Local nonprofit organizations A Provides tax relief to invest in A Operated by the City’s
that support heritage maintenance and repairs to Neighborhood Services
preservation and heritage the historic property Department
tourism
A Four categories based on A Single-family homes,
A Funds available for historical building use and designation; duplexes, townhomes, and
programming, historic each category receives a condominiums 35 years or
preservation advocacy work different percentage of tax older qualify
and potentially historic exemption
restoration projects A Funds awarded based on
A Participating properties types of improvements made
A See pages 57-59 for a detailed surveyed annually to ensure
breakdown of funding proper maintenance A https://www.plano.gov/Great-
provided over the past 14 Update-Rebate
years A See Page 60 for a breakdown
of the tax exemption statistics
since 2008.
A https://www.plano.gov/Grant-
Program A https://www.plano.gov/Grant-
Program
2018
56 Preservation Plano 150 NOVEMBER 2018
