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Home My WebLink AboutIR 6982 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 6982 +,,p TFRFO October 30, 1984 DoE 40RT10 To the Mayor and Members of the City Council u � s YTEXA`0f Subject: REPORT ON HISTORICAL PROPERTY DESIGNATIONS a» On October 9, 1984, representatives of the Junior League and the Women's Club came before the City Council requesting that the City designate properties owned by these organizations as historical landmarks and grant them a tax exemption under Section 11.24 of the State Property Tax Code which provides that a structure designated as a Recorded Historical Landmark by the Texas Historical Commission and by the governing body of the taxing unit can be granted exemption from all or part of the assessed ad valorem tax. The Council directed City staff to investigate the implications of granting such a designation to these organizations. Background During its 1984 appraisal process which placed all properties on the rolls at 100 percent of their market value, the Tarrant Appraisal District determined that the properties owned by the Junior League and the Women's Club should not be exempted from taxation under Section 11.18 of the Property Tax Code as they had previously because these organizations are not exclusively organized to perform charitable functions. Because of the ruling, the Junior League and the Women's Club requested that the City Council designate specific properties they own as historical landmarks and grant them a tax exemption. The properties owned by the Junior League and the Women's Club are Recorded Historical Landmarks. Fiscal Impact There are eighty-six properties in Fort Worth designated as Recorded Historic Landmarks by the Texas Historical Commission. Of these eighty-six historical properties, forty-eight are single-family residen- tial, and the remaining thirty-eight are used for commercial, govern- mental or charitable/non-profit purposes. Ten currently are exempt from ad valorem taxation under provisions of the State Property Tax Code. The total taxable value of the remaining seventy-six non-exempt pro- perties is in excess of $47,315,783.05. The tax revenue generated from these properties amounts to $320,091 (see attachments). The City Council has not granted a tax exemption based on a historical designa- tion to any property in Fort Worth. Historic Preservation Council Survey The Historic Preservation Council currently is conducting a survey to identify buildings, objects and places ..in the community of historic significance. After these components have been identified, it will be recommended that the structures that qualify for the Recorded Historical Landmark designation be designated as such. The survey consists of six ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS ----w- INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 6982 — p.2 October 30, 1984 "F ~pE 40RT�A To the Mayor and Members of the City Council TFxry Subject• REPORT ON HISTORICAL PROPERTY DESIGNATIONS . phases to be completed in 1987. Phases I, II and III have already identified an estimated 500 structures which are of historical value. By spring of 1985, Phase IV of the survey will be complete. As a result of this survey, it is anticipated that a great number of these properties will be designated by the Texas Historical Commission as Recorded Historical Landmarks. Conclusion In view of the amount of revenue loss - both current and potential - by granting exemptions to current taxable Recorded Historic Landmark properties and the possible designations that may occur as a result of the on-going survey, granting requests for local historic designations for exemption purposes at this time would conflict with budgetary goals. A broader issue to be considered is whether the City should become involved in determining the merit of exemptions on individual pieces of property or whether it is more appropriate to rely on the categories of exemptions provided under State law. At this time, it is the recommendation of staff that these requests for exemptions not be approved. * * * * * * * * * * Should additional information be desired, it will be furnished upon request. c 6 Robert L. Herchert City Manager RLH:Jcnu attachment _ OEFICIAI. ��COR� CI�� slrotl�RV ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS NON-EXEMPT PROPERTIES AND THEIR TAX VALUES Flatiron Building 1000 Houston $ 309,031.00 Pallock-Capps House 1120 Penn Street 468,935.00 The Baldridge House 5100 Crestline 19157,624.00 M. A. Benton House 1730 Sixth Street 49,408.00 Fort Worth Public Market Bldg. 934,523.00 Johnson-Elliot House* #E3 Chase Court 114,223.00 Blackstone Hotel 400 Main 185,205.00 Bryce Building 909 Throckmorton 118,547.00 Atelier Building 209 W. Eighth 106,57 5.00 Laneri House 902 S. Jennings 979940.00 Henry Williams Home* 4939 Crestline Road 4449652.00 Smith-Barnett House* 4910 Crestline Road 661,203.00 First Christian Church 600 Throckmorton 454,500.00 Gunhild Weber House* 1404 S. Adams 1,120.00 Mitchell-Schoenover Home 600 Eighth 303,923.00 Fort Worth Coliseum 221 Exchange Avenue 116,439.00 Thannish Block Building 100 E. Exchange Avenue 195,062.00 Tom Yarbrough House* 820 Rivercrest Road 598,669.85 William Bryce* 4900 Bryce 185,100.25 Masonic Temple of Fort Worth 1000 Henderson 5,103,988.00 William Reeves Home 2200 Hemphill 3449403.00 Zane Cetti Building 901 Commerce Waggoner Building 810 Houston 4,260,308.00 Christian Education for the Blind 1216 Elizabeth Blvd. 124,026.00 Texas and Pacific Merchants Terminal Building 221 West Lancaster 2,430;767.00 Marshall P. Sanquinett House 4729 Edlinwood 135,089.00 Burk Burnett Building 500 Main 2,056,831.00 Land Title Building 414 Commerce 316,505-00 Former TSTA Building 410 E. Weatherford 259,808.00 Florence Shumon Hall 1300 Pennsylvania 'Properties owned Margret Meacham Hall 1326 Pennsylvania by Women's Club Wm. G. Newby Memorial Building 1316 Pennsylvania Total value - Ida Saunders Hall 1300 Pennsylvania 2,072,561.00 Elks Lodge #E124 (YMCA) 512 West Fourth 1,537,408.00 Texas Hotel 815 Main 18,034,382.00 Eddleman-McFarland House 1100 Penn Street 832,101.00 (Owned by the Junior League) p��l�lht RECII�� NR1 tit - c ELIZABETH BOULEVARD HOMES *1001 $213,425.65 *1030 1649922.95 *1021 157,051.95 **1100 104,354.65 *1101 88,519.00 1107 1149328.00 *1111 138,764.20 **1112 58,135.90 1116 85,485.00 *1200 75,620.25 **1201 36,168.50 1208 131,066.00 *1209 62,214.05 *1215 67,405.00 *1221 97,733.00 **1301 273,506.00 *1302 99,437.25 1306 67,560.00 1309 50,913.30 *1315 217,817.60 *1316 65,297.85 1400 102,490.00 1405 50,974.00 1411 68,486.00 *1415 55,274.65 1416 76,867.00 *1418 63,262.10 *1500 55$492.25 *1501 68,537.20 *1505 55,499.05 1506 67,648.00 1600 81,032.00 1601 66,080.00 *1604 42,054.00 **1605 -0- 1612 440741.00 � 1613 36,763.00 **1616 -0- NOTE: * Properties that qualify for fifteen percent (15X) Homestead Exemption. ** Properties that qualify for both fifteen percent (15X) Homestead Exemption and $40,000 Senior Citizen Exemption. All exemptions are reflected in the figures cited. EXEMPT RECORDED HISTORICAL LANDMARKS Hemphill Presbyterian Church 1701 Hemphill Allen Chapel A.M.E. Church 116 Elm Santuary-Gustavas Aldophus Church 400 Hemphill Tarrant County Court House 100 Weatherford Fort Worth Main Post Office 300 West Lancaster N. G. Ellis School 215 N. E. 14th Paddock Viaduct 200 North Main St. Ignatius Academy Building 1212 Throckmorton Thistle Hill 1509 Pennsylvania Gulf, Colorado and Santa Fe Railroad Passenger Station 1501 Jones