PILLAR: Growing
AGENDA DATE: August 25, 2026
COUNCIL DISTRICT(S): 14
DEPARTMENT: Department of Planning and Development
PRIORITY: Government Efficiency
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SUBJECT
Title
Authorize a historic preservation tax exemption for tax revenue foregone, estimate of $9,301.00 annually for a ten-year period, in a total estimated revenue foregone of $93,010.00 for the property at 725 Lowell Street in the Junius Heights Historic District on 100 percent of the land and structure value - Estimated Revenue Foregone: General Fund ($67,572.00) and Debt Service Fund ($25,438.00) over a ten-year period
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BACKGROUND
Article XI of the Dallas Development Code established a program for Historic Preservation Tax Exemptions and Economic Development Incentives for Historic Properties ("Program"), which allows property owners to receive tax exemptions for restorations of historic properties. The Program was established in October of 1993 and was most recently renewed on December 1, 2025. Dallas Development Code Section 51A-11.201(e) requires City Council to review any exemption over $50,000.00. The City Council may approve or deny any portion of the exemption over $50,000.00.
The main structure on property 725 Lowell Street is a single-family house that was built in 1915 and is a contributing structure in the Junius Heights Historic District.
The 2025 Dallas Central Appraisal District (DCAD) appraised value for the 725 Lowell Street account is $801,000.00, with an improvement in value of $638,000.00 and land value of $163,000.00. The applicant is, therefore, required to invest approximately $159,500.00 in the property to qualify for the exemption.
The new value after completion is estimated to be $1,331,000.00, with an estimated annual tax assessment of $9,301.00.
Estimated Revenue Foregone: General Fund is $67,572.00 and Debt Service Fund is $25,438.00 (over ten years).
The revenue forgone is calculated based...
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