Historic preservation property tax moratorium announced

Historic preservation property tax moratorium announced A new application is available from the South Dakota State Historical Society for the eight-year state historic preservation property tax moratorium for restoration and rehabilitation made to historic sites. The deadline for application is Nov. 1.

There were 32 properties that were approved for the program by the State Historical Society�s board of trustees last year. The properties were from all over the state.

�These approvals are significant because if an historic building qualifies for the tax benefit, an eight-year delay is placed on the property tax assessment of any certified improvements,� said Jay D. Vogt, state historic preservation officer. �Property tax assessments may not be increased due to certified rehabilitation of the building.�

For more information about the state historic preservation property tax moratorium, contact the State Historical Society at (605) 773-6005, or visit the society�s Web site at www.sdhistory.org.

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