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Properties may be eligible for tax deductions when they are substantially rehabilitated. The cost of the proposed rehab must exceed the "adjusted basis" of the historic property in order for you to qualify for an Investment Tax Credit (known as an ITC) on your federal income tax statement. The federal government refers to this as "substantial rehabilitation" of the building. The "adjusted basis" is generally the value of the building minus the value of the land at the time of rehabilitation. It is best to consult a professional appraiser to calculate this figure and a tax professional to advise on the requirements for an ITC application.
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Local designations have special significance to Titusville; a property on the National Register of Historic Places, however, has regional or national significance. The Titusville Historic Preservation Board protects properties that are local designations; it does not have jurisdiction over properties in the National Register of Historic Places unless they are also designated by local ordinance.
Yes. If your property has both local and regional or national significance, it may be designated as a local designation and also listed in the National Register of Historic Places. Once it is designated in the Local Register of Historic Places, alterations to the exterior must be reviewed by the Titusville Historic Preservation Board.
Yes. Currently, there are six National Register of Historic Places including a National Historic District.
Under Florida law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity.
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