Learn more about the The Naples Central Historic District is outlined in turquois
From the Naples Historical Society,
185 commercial and residential properties at the center of Naples are now listed on the National Register of Historic Places! These structures, generally built in the context of the village’s mid-nineteenth to early twentieth century growth as a commercial and civic hub for the surrounding rural region – especially after the completion of a rail line to the village in 1892, are generally well-preserved, cohere together visually and historically, and in many instances retain their historic uses. This means that contributing properties within the district are now eligible for tax credits on home repairs/restoration.
Not sure you property is eligible for tax credits? See the Naples Historical Society website for further information on tax credit programs and a listing of contributing (eligible) properties. Each historic district is listed under the historic districts tab at the top of the home page. Streets/addresses are listed alphabetically in each document.
National Register listings identify historically significant buildings, districts, structures, sites, and objects and document their significance. Listing on the National Register alone does NOT place restrictions on the property owner, nor does it necessarily preserve a property in the future.
Owners are NOT prohibited from demolishing their buildings located within a National Register District. Having a property listed within a National Register District does NOT reduce the current or a subsequent owner’s development options.
To be considered “historic,” a property must have three essential attributes: sufficient age, a relatively high degree of physical integrity, and historical significance. For a building, structure, landscape feature, historic site, or historic district, this means that the property must be relatively unchanged.
How does the historic tax credit work?
The tax credits provide for a dollar-for-dollar reduction of federal income tax liability. The dollar value is calculated as a percentage of the qualified rehabilitation expenditures incurred during the course of the rehab construction.
Do Historic homes get tax breaks?
Basically, at the federal level, an old house that is located in a certified historic district (or is individually listed) can qualify for up to 20 percent in tax credits on qualifying rehabilitation expenditures (QREs) during the restoration/renovation process.
What are qualified rehabilitation expenditures?
Expenses that Qualify for the Rehabilitation Tax Credit include construction period interest and taxes, architect fees, engineering fees, construction management costs, reasonable developer fees, and any other fees paid that would normally be charged to a capital account.
