On October 6, 1992, Redondo Beach started offering “historical home property owners” a chance at property tax savings with its Mills Act. The Mills Act was first enacted in California in 1972 by a state senator, James Mills. Fortunately for all of us he recognized the importance of preserving landmark properties and offered owners of these properties a tax savings in exchange for continued preservation of the property.
There are several cities within the state of CA that also offer the Mills Act. For Example, in Floral Park, CA (Tustin area) Sandy DeAngelis notes in her Historic Homes blog that they often look to the Mills Act for preservation of property and tax savings.
Here in Redondo Beach there are several homes that have been designated as local Landmarks!
And this is at 510 Garnet. 
