Rehabilitation of a qualified historic property may be eligible for significant financial benefits:

• State and federal income tax credits  for the rehabilitation of properties listed in the National Register of Historic Places 
• Local property tax deferrals  for properties designated Raleigh Historic Landmarks
• Tax advantages through the donation of preservation easements: Capital Area Preservation ; Preservation North Carolina 
• Stabilized or increased property values

Property Tax Deferral for Local Landmarks

Private-sector owners of residential property may be eligible for financial incentives upon designation of an historic resource. To further preservation goals, local landmark designation may be accompanied by Raleigh and Wake County property tax benefits in the form of a 50% property tax deferral for the owner. Landmark designation is accompanied by preservation obligations as outlined in North Carolina General Statutes 160A-400.1 through 400.14  and Raleigh City Code. 

A Property Owner's Guide to Tax Credits 

• Lucy Pittman, NC State Historic Preservation Office 
• David Maurer, AIA, Maurer Architecture, PA
• Richard and Caroline Wright, Homeowners
• March 8, 2010, Needham Broughton High School

NC State Historic Preservation Office

• Residential / Homeowner historic Preservation Tax Credits 
• Income-Producing (Commercial) Historic Preservation Tax Credits 
• Tax Deferral Procedure