State & Federal Preservation Tax Credits

Georgia Historic Preservation via Georgia DNR

Preferential Property Tax Assessment Program

The Georgia Preferential Property Tax Assessment Program for Rehabilitated Historic Property allows eligible participants to apply for an 8 1/2 -year property tax assessment freeze. The Georgia Preferential Property Tax Assessment Program Fact Sheet provides an overview of the state tax abatement program and those properties that may be eligible to apply for this incentive.

Federal Rehabilitation Investment Tax Credit

The Federal Rehabilitation Investment Tax Credit (RITC) is a federal income tax credit equal to 20 percent of qualified rehabilitation expenses. It is available ONLY for income-producing properties. The application is first reviewed by the Historic Preservation Division (HPD), then forwarded to the National Park Service for review and approval. This program is available nationwide.

Note: Historic residential and commercial properties are eligible to participate in both programs. The property must be a “certified structure,” which means it must be listed in the National/Georgia Register(s) of Historic Places. The Historic Preservation Division must certify the rehabilitation. Two federal tax incentive programs (Public Law 99-514) currently apply to preservation activities: the Rehabilitation Investment Tax Credit (RITC) program, and the Charitable Contribution Deduction.