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Incentives and Programs Supporting New Kent’s Preservation
New Kent residents and property owners can take advantage of several local and state programs, including:
- Virginia Historic Rehabilitation Tax Credit: Offering a 25% state income tax credit on eligible rehabilitation expenses for certified historic properties, encouraging private investment in preservation.
- Federal Historic Preservation Tax Credits: Providing additional financial incentives for income-producing historic properties in New Kent.
- Local Grant Opportunities and Property Tax Relief: New Kent’s county programs support the preservation of historic sites through grants and potential property tax exemptions.
- Historic Easements and Conservation Programs: Programs allowing owners to protect historic features in exchange for tax benefits, encouraging long-term preservation.
Our familiarity with these programs helps to navigate and maximize available benefits, streamlining restoration projects.
