What are some intangible benefits from historical designation that I may not know about?
Historical districts benefit from improved image; people take better care of their homes and take pride in the neighborhood. New owners are attracted to historical areas and fix up dilapidated homes; when this happens to multiple properties overtime, property values can increase substantially as the overall character of the neighborhood improves. Some historical districts have programs in which area merchants give discounts to residents shopping in the district, or raise money each year for their neighborhood association through house or garden tours which continue to publicize the benefits of living in that community. According to nation-wide studies, “Heritage Tourism” is one of the major revenue generators in many cities across the country; the majority of people vacationing choose vacation spots with historical places to visit. Owners of designated properties also find that having a Mills Act agreement and the prospect of lower property taxes for the purchaser actually helps them s
