090616_YKBP_A7.pdf
Broadcaster Press 7
September 6, 2016 www.broadcasteronline.com
State
Historical
Society
Offers
Property
Tax
Moratorium
PIERRE, S.D. – South Dakota State Historical Society officials remind property owners
that Nov. 1 is the deadline to
apply for the state property
tax moratorium.
This eight-year moratorium is for restoration and rehabilitation work completed
on historic sites during 2016.
A new application for certification is necessary for every
year that work is undertaken.
Sixteen properties across
the state were approved by
the State Historical Society
board of trustees for the program in 2015.
“These approvals are significant,” said Jay D. Vogt,
State Historical Society director and state historic preservation officer. “If a historic
building qualifies for the tax
benefit because of certified
improvements, an eight-year
delay is placed on the property tax assessment. The
assessments may not be increased due to certified rehabilitation of the building.”
The state property tax
moratorium is available for
buildings listed on the National or State Register of Historic
Places and rehabilitated in accordance with the Secretary
of the Interior's Standards for
Rehabilitation.
“The property tax moratorium is an example of how
hsistory can have an economic impact on the state,”
Vogt added. “The 16 projects
approved for the program in
2015 represented over $2 million in private investment in
South Dakota’s historic buildings.”
For more information
about the State Historic Preservation Property Tax Moratorium, contact the State
Historical Society at (605)
773-3458 or visit the society’s
website at history.sd.gov/
preservation and click on
Funding Opportunities in the
right column.
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