DOWNTOWN WASHINGTON
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Historic Tax Credits

Federal Income Tax Incentives

A federal income tax credit equal to 20% of rehabilitation expenses.  Available ONLY for income-producing properties.  The application is first reviewed by the Historic Preservation Division (HPD) then forwarded to the National Park Service for final decision.

Follow the link for more information

State Income Tax Credit for Rehabilitated Historic Property

A state income tax credit of 25% of rehabilitation expenses.  The credit is capped at $100,000 for residences and $300,000 for income-producing properties.  This amended tax credit is allowed for the taxable year in which the certified rehabilitation is completed.

Follow the link for more information



State Preferential Property Tax Assessment for Rehabilitated Historic Property

Freezes the county property tax assessment for over 8 years.  Available for personal residences as well as income-producing properties. The owner must increase their fair market value of the building by 50-100%, depending on its new use. The Georgia Department of Natural Resources’ Historic Preservation Division and the Georgia Department of Revenue administers the program.


  • The application is a two/three part process, describing before and after rehabilitation.  Ideally, project work should be submitted before work begins and be completed within two years.
  • Applications for all three programs are sent to HPD, and must be reviewed and approved by HPD (and afterward National Park Service for the Rehabilitation Investment Tax Credit.)
  • There are substantial cost tests that must be met to qualify for each program.

​Follow the link for more information


Location

104 E. Liberty St., Washington, GA 30673

Contact Us

Downtown Washington

104 E. Liberty Street

30673 Washington, GA


jparker@wga.gov

http://www.downtownwashingtonga.com


Telephone: 706-990-0000

Get Involved!
  • Home
  • Downtown Development
    • Financing Tools
    • New Business Guide >
      • Studies
    • Incentives >
      • Facade Grant
      • New Business Incentives
      • R.U.R.A.L. Zone Tax Incentive
      • Historic Tax Credits
    • Properties For Sale
    • Properties For Rent
    • DDA & Main Street
  • Business Directory
  • Things to Do
    • Signature Downtown Events
    • Upcoming Events
    • Get Involved
    • Recreation
    • Attractions
    • Plan Your Event
  • Gift Certificates
  • Gallery