What are the benefits and trade-offs from being on the register?
A. Historic properties in Hawaii have a lower assessed value because certain guidelines must be followed while restoring or rehabilitating the structure. Drastic changes in the paint treatment, shutters, and sometimes even the adjacent landscapping could diminish its historic quality and are discouraged. For owners who can abide by these restrictions, their historic structures are eligible for property tax discounts. You must contact your county property tax assessment office to confirm the tax discount or tax relief. It may lead to lower assessed value which equates to lower county property taxes. For structures on the National Register, a larger range of tax credits as well as grants and other incentives are available. A land owner maintaining a historic structure serves as a curator of sorts, preserving what may be a fine example of an architectural style or genre that is slowly disappearing or being compromised. For such structures, their cultural value exceeds their monetary value
