What does the National Register mean for a property owner?
First, National Register listing is an honor and can be used to educate citizens and property owners, and as a tool to foster community pride and provide financial stability. Second, National Register properties are considered and protected in the public planning process. All properties and districts listed on or eligible for the National Register are considered in the planning of federal projects such as highway construction and Community Development Block Grants. Federal projects also include activities sponsored by state or local governments or private entities if they are licensed or partially funded by the federal government. Federal projects do not include loans made by banks insured by the FDIC or federal farm subsidies. Third, National Register listing provides financial incentives for the preservation of National Register Properties. Specifically, these incentives are in the form of federal and state investment tax credits.
Related Questions
- What if my property is currently on the National Register and has already received the 15 year tax freeze. Can a property owner request a second 15 year tax freeze?
- Does listing in the National Register protect my property during Federal or State projects?
- Are covenants put on the deed when the property is listed in the National Register?
