Two years after approving more than $1.2 million in public incentives to revive the former Pratt Funeral Home at 525 Beaver St. as a mixed-use development, Jacksonville City Council is considering adding property tax breaks to the Downtown project.
Council Ordinance 2025-0836 would provide a partial ad valorem property tax exemption for The Raven, which is set to open in December in the historic building as a hotel with retail space. The bill would eliminate any tax increases from property improvements for the next 10 years.
The city did not return a request for comment asking for an estimate of the total amount of the tax reduction…