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 applications is Nov. 1.
"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 Historical Society director and state historic preservation officer. "Property tax assessments may not be increased due to certified rehabilitation of the building."
The property tax moratorium is an example of how history can have an economic impact on the state, Vogt added.
For more information about the State Historic Preservation Property Tax Moratorium, contact Kate Divis with the State Historical Society at (605) 773-6005 or visit the society's Web site at www.sdhistory.org.