The Mills Act: A Lifeline for Retirees
By Bruce Coons / SOHO Newsletter / March – April 2025
For retirees and those approaching retirement, managing the costs of homeownership can be a daunting challenge, especially in a city like San Diego, where housing prices and property taxes continue to rise. The Mills Act, a groundbreaking preservation program that has helped thousands of California historic property owners for more than 50 years, offers a practical solution that benefits current and future retirees, while preserving the city’s historic character.
By providing significant property tax reductions to owners of designated historic residences, the state Mills Act makes it financially feasible for retirees to remain in their homes, to maintain them, and to enjoy their retirement without the fear of being priced out and forced to move. For those planning for retirement, the locally administered program provides a clear path to long-term housing stability, helping individuals secure their future.
One of the biggest hurdles retirees face is living on a fixed income. While property values and taxes may skyrocket, retirement incomes often remain stable, creating a financial squeeze. For retirees, this ax reduction can mean the difference between staying in their beloved homes or being forced to sell due to rising costs. The Mills Act offers meaningful relief in reducing property taxes, thereby creating a sense of certainty and security for current and future retirees.


By Steve O San Diego




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