Jacksonville, December 10, 2025
The Jacksonville City Council has unanimously approved a 10-year property tax exemption for The Raven, a newly transformed ‘aparthotel’ in downtown Jacksonville. This exemption will alleviate any tax increases from enhancements over the next decade, encouraging investments in the city’s historic properties. With a focus on preserving historical architecture, The Raven offers modern amenities in a renovated building that aims to enhance downtown’s appeal and foster economic growth.
Jacksonville City Council Approves Property Tax Breaks for The Raven ‘Aparthotel’ Downtown
Jacksonville, Florida – On December 9, 2025, the Jacksonville City Council unanimously approved a 10-year property tax exemption for The Raven, a new “aparthotel” located in downtown Jacksonville. This decision eliminates any tax increases resulting from property improvements to The Raven for the next decade.
Details of the Tax Exemption
The approved ordinance ensures that the value added to The Raven through renovations and improvements will not lead to higher property taxes over the next 10 years. This exemption is designed to encourage investment in downtown Jacksonville by reducing the financial burden on property owners undertaking significant improvements.
Background on The Raven ‘Aparthotel’
The Raven is a reimagined lodging establishment located in the historic Pratt Funeral Home building on Beaver Street. The property has been transformed into an “aparthotel,” offering 13 rooms equipped with kitchenettes and laundry facilities, as well as a pool and other hotel amenities. This redevelopment aims to provide modern accommodations while preserving the building’s historical significance.
City’s Historic Preservation Exemption Program
The tax exemption granted to The Raven is part of Jacksonville’s Historic Preservation Property Tax Exemption program. This program offers partial ad valorem tax exemptions to property owners of locally designated historic properties who complete approved improvement projects. The exemption applies only to the city’s portion of the tax bill and requires prior approval from the Jacksonville City Council. For more information on this program, property owners can contact the Historic Preservation Section of the Planning and Development Department.
Implications for Downtown Development
The approval of this tax exemption reflects the city’s commitment to revitalizing downtown Jacksonville by supporting the redevelopment of historic properties. By offering financial incentives, the city aims to attract investment, preserve historical architecture, and enhance the overall appeal of the downtown area. This initiative aligns with broader efforts to stimulate economic growth and improve the quality of life for residents and visitors alike.
Conclusion
The Jacksonville City Council’s decision to grant a 10-year property tax exemption to The Raven “aparthotel” underscores the city’s dedication to fostering downtown development and preserving its historical heritage. This move is expected to encourage further investment in the area, contributing to the ongoing revitalization of downtown Jacksonville.
Frequently Asked Questions (FAQ)
What is The Raven ‘aparthotel’?
The Raven is a reimagined lodging establishment located in the historic Pratt Funeral Home building on Beaver Street in downtown Jacksonville. It offers 13 rooms with kitchenettes and laundry facilities, as well as a pool and other hotel amenities.
What does the 10-year property tax exemption entail?
The 10-year property tax exemption approved by the Jacksonville City Council ensures that the value added to The Raven through renovations and improvements will not result in higher property taxes over the next decade. This exemption is part of the city’s Historic Preservation Property Tax Exemption program.
How does Jacksonville’s Historic Preservation Property Tax Exemption program work?
Jacksonville’s Historic Preservation Property Tax Exemption program offers partial ad valorem tax exemptions to property owners of locally designated historic properties who complete approved improvement projects. The exemption applies only to the city’s portion of the tax bill and requires prior approval from the Jacksonville City Council. For more information, property owners can contact the Historic Preservation Section of the Planning and Development Department.
What are the benefits of this tax exemption for downtown Jacksonville?
The tax exemption is designed to encourage investment in downtown Jacksonville by reducing the financial burden on property owners undertaking significant improvements. It aims to attract investment, preserve historical architecture, and enhance the overall appeal of the downtown area, contributing to the ongoing revitalization of the city.
Key Features of The Raven ‘Aparthotel’ and Tax Exemption
| Feature | Description |
|---|---|
| Location | Historic Pratt Funeral Home building on Beaver Street, downtown Jacksonville |
| Accommodations | 13 rooms with kitchenettes and laundry facilities |
| Amenities | Pool and other hotel amenities |
| Tax Exemption Duration | 10 years |
| Program | Jacksonville’s Historic Preservation Property Tax Exemption |
| Approval Requirement | Prior approval from the Jacksonville City Council |
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Author: STAFF HERE JACKSONVILLE WRITER
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