Economic Incentives

Economics of Historic PreservationDowntown roses

McKinney’s historic districts enhance the quality of life and the distinctive character of McKinney. The sense of place created by the district’s distinctive character sets it apart from other places, serves to attract visitors and is a point of pride for residents of McKinney. 

Consequently, McKinney adopted its historic preservation tax exemption ordinance because incentives encourage proper preservation practices such as maintaining original windows, siding and doors. The plus side of this investment is that the rehabilitation of historic properties serves as a catalyst for neighborhood revitalization and conservation.

Historic Neighborhood Improvement Zone (HNIZ) Tax Exemption Program

Note: The program is not currently accepting applications as the aggregate annual cap on exempted ad valorem taxes for this program has been met.

The HNIZ was created to help preserve the city's unique and historic neighborhoods while encouraging property owners to maintain and/or rehabilitate their residences. Property owners within the HNIZ boundary may receive ad valorem tax exemptions inclusive of land and building improvements based on verified investment meeting specified criteria.

Reminder: Properties that hold a current HNIZ exemption approval must reapply with the Collin Central Appraisal District each year by April 1.

Properties with a Tax Exemption will be visually inspected by the Historic Preservation Office of Planning each January to confirm continued maintenance of the property and continuing to meet the intent and philosophy of the program. 

Historic Marker Program

A City of McKinney Historic Marker is a local designation awarded by the Mckinney Historic Preservation Advisory Board. The owner of the house submits an application along with a documented history of the house and property. If the house is awarded a marker, then the house may qualify for a tax exemption for city property taxes.

For more information on economic incentives in downtown McKinney, visit the Downtown Development page.

Get additional information about the Collin County Tax Abatement Certification Program, Tax Credit Program and federal tax credits.