Historic residential and commercial properties are eligible to participate in both programs. The property must be a "certified structure," which means it must be listed in the National/Georgia Register(s) of Historic Places. The Historic Preservation Division must certify the rehabilitation.
The Georgia Preferential Property Tax Assessment Program for Rehabilitated Historic Property allows eligible participants to apply for an 8-year property tax assessment freeze. The Georgia Preferential Property Tax Assessment Program fact sheet provides an overview of the state tax abatement program and those properties that may be eligible to apply for this incentive.
The Georgia State Income Tax Credit Program for
Rehabilitated Historic Property allows eligible
participants to apply for a state income tax credit equaling 25% of
qualifying rehabilitation expenses capped at $100,000 for personal,
residential properties, and $300,000 for income-producing
properties. The Georgia State Income Tax Credit Program fact
sheet provides an overview of the state income tax credit
program and those properties that may be eligible to apply for this
incentive.
______________________________________________________
Instructions and Applications
Part A - Preliminary Certification Application - (PDF) (Word)
Assessment Part B - Final Certification Application - (PDF) (Word)
Credit Part B - Final Certification Application - (PDF) (Word)
Amendment Application Form - (PDF) (Word)
Substantial Rehabilitation Worksheet - (PDF) (Word)
DNR Standards for Rehabilitation
Send all completed applications and supplemental
information to:
Historic Preservation Division
Georgia Department of Natural Resources
Attn: Tax Incentives Coordinator
254 Washington Street, SW
Ground Level
Atlanta, GA 30334
______________________________________________________
Resources
sfy 2008 End-of-Year report (July 1, 2007-June 30,
2008)
Secretary of the
Interior's Standards for Rehabilitation -
http://www.cr.nps.gov/hps/tps/tax/rehabstandards.htm
The Secretary of Interior's Standards for Rehabilitation are the
guiding principles used to evaluate rehabilitation projects
submitted to HPD and the NPS for review and certification.
The National Park Service's website provides a web-based version
with illustrated guidance. Or, download the non-illustrated,
easy-to-print version - pdf.
Preservation Briefs - http://www.cr.nps.gov/hps/tps/briefs/presbhom.htm
The National Park Service has developed a series of publications
that address specific rehabilitation issues and the proper
rehabilitation methods that should be applied.
Podcast
Listen to HPD's tax incentives coordinator Ced Dolder's interview with Jordan Poole
of The Georgia Trust. Ced explains the basics of how the
tax incentives programs work and gives advice on how to have a
successful project. March 2009, approx. 25 minutes.
Articles
Photo Documentation of Historic Properties -
Learn the proper techniques and guidelines for taking photographs
of historic buildings for the tax incentive programs.