Harford County historic preservation tax credits are only available to those properties that are designated as Harford County Historic Landmarks by the county council.
Benefits: Owners may reduce their county real property tax by a tax credit based on:
The amount their assessment increased because of the rehabilitation or restoration; and
A tax credit equal to 10% of their qualified restoration and rehabilitation expenses (QREs) up to $7,500 (this is based on QREs of $75,000; QREs may exceed $75,000, but the 10% tax credit is capped at $7,500).
Requirements: All work must meet the Secretary of the Interior’s Standards for the Treatment of Historic Properties. The tax credit application is a two part process:
Part 1: Rehabilitation plans must be approved by the Harford County Historic Preservation Commission through a Certificate of Appropriateness (COA) prior to beginning the work. After approval, the project can start.
Part 2: When the project is complete, the applicant must submit a Certification of Completed Work application, which certifies the work was completed according to plans approved in the COA and adheres to the Secretary of the Interior’s Standards. This part includes a staff site visit and a review by the Historic Preservation Commission at their monthly public meeting.
Since 2002, county historic preservation tax credits have saved Harford County Historic Landmark owners $40,000 in property taxes. There is no limit on the number of tax credits granted; however a previous tax credit amount must be exhausted before another credit can be granted.