Sec. 12-127a. Abatement of taxes on structures of historical or architectural merit.
Sec. 12-127a. Abatement of taxes on structures of historical or architectural
merit. (a) Any municipality may by ordinance provide for the abatement in whole or
in part of real property taxes on structures of historical or architectural merit. Such
municipality shall determine which structures within its locality shall be available for
classification as historically or architecturally meritorious, or it may delegate such determination to local private preservation or architectural bodies.
(b) Such tax abatement shall be available to the owners of real property which is
so classified if it can be shown to the satisfaction of the municipality that the current
level of taxation is a material factor which threatens the continued existence of the
structure, necessitating either its demolition or remodeling in a manner which destroys
the historical or architectural value. If, after taxes on such structure have been abated
under the terms of this section, such structure is demolished or remodeled in a way
which destroys its architectural or historical value, the then owner shall pay to the municipality an amount equal to the total amount of taxes which had been abated under the
provisions of this section.
(1969, P.A. 711, S. 1-3; P.A. 84-256, S. 9, 17.)
History: P.A. 84-256 deleted Subsec. (c) authorizing state reimbursement for tax abatements granted under this section.