The Mills Act is a state law which permits municipalities to contract with the owners of historic structures. These types of contracts allow for property tax breaks in exchange for the continued preservation of the property.
The law stipulates that the amount saved is contingent upon the property’s location, size, and comparable rents in the area. The property’s value is regularly assessed by the tax assessor’s office. The formula and protocol that are used is from the state law.
ForensisGroup Expert Witnesses who specialize in the Mills Act have many years of experience in the field of real estate. This expertise includes subjects such as broker ethics, document review, procedures, and standards of care. These Mills Act experts also work in the fields of architecture, historical preservation, and building restoration. They are adept at property appraisal and valuation.
These professionals provide expert witness services for attorneys, corporations, insurance companies, and private clients. They have helped in cases with valuations for asset management, IRS compliance for charitable contributions, collection inventory, estate taxation, insurance loss and damage, and property acquisition or disposition.
These Mills Act experts have served as real estate brokers, loan portfolio managers, and commercial underwriters.
Our Mills Act experts are members of the National Association of Realtors and the California Association of Realtors.
Since 1991, ForensisGroup has provided credible experts to attorneys. Submit An Expert Request Form or call us today for additional information on retaining a highly qualified Mills Act expert witness for your case.
