FAQs • Xenia, OH • CivicEngage

Does having my property listed on the National Register for Historic Places create restrictions and costs on me to redevelop?: Being listed on the National Register of Historic Places does NOT create additional restrictions UNLESS the owner is obtaining federally funded (or state funded) grants or loans to make repairs on the building. Owners that use private funding can do pretty much anything they want to do to their property, including demolition! On the plus side, having a property or a district on the National Register of Historic Properties DOES provide a certain “cache” or value to potential buyers, It also allows owners of such buildings to be eligible for historic tax credits at both the state and federal level. Historic tax credits, when taken together, may defray up to 45% of a structures rehab expenses in the form of a tax credit.
To learn more: Contact the Greene County Historic District The Greene County Historic District

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Historic Xenia

1. So what does a listing on the National Register for Historic Places do for me?: Having your historic property listed on the National Register for Historic Places, either individually or as a part of a larger district, is not intrinsically a positive or negative. However, a growing number of buyers of commercial and residential properties seek authentic older homes that are inventoried and publicly listed because it sends a clear signal that the building or site is “worthy of preservation.” Potential buyers often are willing to pay a premium for properties that are listed on the National Register of Historic Places. One reason being that it lends to the character and the “penache” of the property. Another reason is that Federal and State Historic Tax Credits are available ONLY to properties listed on the National Register of Historic Places. This can amount to big savings to owners seeking to rehabilitate their properties. Read more about the National Park Service/U.S. Department of the Interior, National Register of Historic Places. https://www.nps.gov/Nr/
Read about Federal historic tax credits for rehabilitation https://www.nps.gov/TPS/tax-incentives.htm
Read about the State of Ohio’s Historic Preservation Tax Credit https://development.ohio.gov/cs/cs_ohptc.htm
National Register of Historic Places

2. Does having my property listed on the National Register for Historic Places create restrictions and costs on me to redevelop?: Being listed on the National Register of Historic Places does NOT create additional restrictions UNLESS the owner is obtaining federally funded (or state funded) grants or loans to make repairs on the building. Owners that use private funding can do pretty much anything they want to do to their property, including demolition! On the plus side, having a property or a district on the National Register of Historic Properties DOES provide a certain “cache” or value to potential buyers, It also allows owners of such buildings to be eligible for historic tax credits at both the state and federal level. Historic tax credits, when taken together, may defray up to 45% of a structures rehab expenses in the form of a tax credit.
To learn more: Contact the Greene County Historic District The Greene County Historic District