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There are many resources that can help private property owners preserve or rehabilitate historic structures.
A 20 percent income tax credit is available for the rehabilitation of historic, income-producing buildings that are to be “certified historic structures.”
The taxpayer is eligible to claim a tax credit equal to 5 percent of its equity investment in the CDE for each of the first three years and a 6 percent credit for each of the next four years (39 percent total).
The RTC is a federal income tax credit equal to 20 percent of the allowable expenses incurred in a certified rehabilitation of a certified historic structure.
Placing a property under an easement lowers the property's fair market value because it restricts the use of the land which can result in a reduction of property taxes.
The City of Orlando provides a 10-year exemption for qualifying property owners who renovate historic landmarks or property in historic districts. The exemption is for the entire site, however at least $2500 must be allocated for preservation or maintenance of the front façade.