Montgomery
County Historic Preservation Tax Credit
To
encourage the restoration and preservation of privately-owned
structures designated on the Master Plan for Historic Preservation
either individually or within a historic district, the Montgomery
County Council in 1984 passed legislation providing for
a tax credit against County real property taxes (Chapter
52, Article VI).
The
tax credit is 10% of documented expenses for exterior maintenance,
restoration or preservation work. The work must be certified
eligible by the Historic Preservation Commission (HPC).
The tax credit is allowed for the tax year immediately following
the year in which the work or any distinct portion thereof
is completed. The tax year is July 1- June 30 and the application
deadline is always April 1.
In
other words, tax credit applications are reviewed by the
HPC in the spring of every year and the approved tax credit
is applied to tax bills received by property owners that
summer. Any unused portion of this tax credit may be carried
forward for as many as five years. If the property were
subsequently removed from the Master Plan for Historic Preservation,
any unused portion of the tax credit would immediately lapse.
A property not listed on the Master Plan for Historic Preservation
at the time the work is undertaken is not eligible for the
preservation tax credit.
Instructions
for Filing a County Tax Credit Application
Frequently
Asked Questions
Download
a County Tax Credit Application Package (with instructions
- form can now be filled-in in Adobe)*
State
and Federal Tax Credit Programs
Please
note that unlike the County tax credit application, the
State application is due in advance of the work.
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