See all our top ten posts below for the last week.
Here are the 10 most popular posts from this week. Mills Act Continues to be one of our most popular topics at LA Loft Blog. As you can see from the list we cover a variety of interests and topics about DTLA. LA Loft Blog has a passion for all things downtown be it street fares, streetcars, or real estate. #AltaLofts
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#millsact
To help preserve the historic buildings of Los Angeles, a tax incentive has been created by California state and local governments called the Mills Act. The special law offers homeowners of qualifying historic buildings as much as 70% or more off of their property tax bills. Owners of lofts in a historic building can potentially save thousands of dollars each year. That money can be used to help furnish your the loft home, put more money down at purchase to reduce monthly mortgage payments, trade up to a larger loft or even just put in your pocket. But, buyers should also be prepared and save some of the money for potential special assessments in the future should a building need major restoration.
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