The value of historic preservation is often expressed in terms that are difficult to quantify. We are preserving cultural patrimony, maintaining a sense of place, safeguarding our architectural heritage.
But what if we could hang a number on the value of historic preservation? Actually, we can.
Look at tax credits issued for rehabbing historic properties. Montgomery County provides a 10-percent tax credit for qualified work on properties listed in the County’s Master Plan for Historic Preservation or located in County-designated historic districts. The State of Maryland and federal government also offer rehabilitation tax credits that some property owners may be able to receive on top of the county’s program.
In 2012, the historic preservation commission reviewed applications for the … Continue reading