Historic Districts Tax Credit Benefits

The Crown Heights North Association Historic District  is now part of the National Register of Historic Places. Inclusion in the National Register generally allows owners of contributing buildings in historic districts to avail themselves of 20% tax credits on both the Federal and State levels for substantial rehabilitation work on historic properties. This can be a total of a 40% (FORTY PERCENT) tax credit. Preservation tax credits are also available for properties that are not owner-occupied.

For more information on the National Register, to determine your eligibility, or to apply for tax credits, visit https://www.nps.gov/tps/tax-incentives/taxdocs/about-tax-incentives-2012.pdf or http://www.crownheightsnorth.org/national-register.html.

 

 

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