§ 146-38. Preferential assessments for landmark historic properties.  


Latest version.
  • (a)

    The preferential ad valorem property tax assessments for landmark properties authorized by O.C.G.A. § 48-5-7.3 shall be available to income producing property that meets all of the following criteria.

    (1)

    For the purpose of this ordinance the term "landmark property" shall mean: a contributing structure located in an area designated as a Landmark District pursuant to Chapter 20 of Part 16 of this code; or a building not in a Landmark District which has been individually designated as a Landmark Building or Site pursuant to Chapter 20 of Part 16 of this Code;

    (2)

    For the purpose of this ordinance, the term "income producing" shall mean a building used or intended to be used for non-residential purposes that would be permitted under the current zoning of the building; a multi-family apartment or condominium building; or a mixed use building containing both commercial and residential uses so long as the permitted commercial uses exceed 50 percent of the floor area of the structure. Single-family residential structures, duplexes or triplexes which are used as rental property or single family residential structures which rent rooms or which contain a home occupation, are specifically excluded from the definition of income producing property of the purposed of obtaining the preferential ad valorem property tax assessments for landmark properties;

    (3)

    Any qualifying building must be in standard condition which for the purpose of this ordinance means a building that has no violations of the city code as to its condition and the condition of the site on which the building is located.

    (Ord. No. 2009-69(09-O-1916), § 1, 11-24-09)

    Land development code reference— Historical preservation, § 6-4041 et seq.