Whittier property gets restoration tax break

• Jay Vogt

Jay Vogt

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PIERRE — The South Dakota State Historical Society board of trustees recently approved 19 applications for the eight-year state historic preservation property tax moratorium for restoration and rehabilitation made to historic buildings. The projects meet the Secretary of the Interior’s Standards for Rehabilitation.

In Mitchell, Whittier School, 410 W. Second Ave., was selected. The property has been under renovation to become office and apartment space.

“These approvals are significant because if an historic building qualifies for the tax benefit, an eight-year delay is placed on the property tax assessment of any certified improvements,” said Jay D. Vogt, director of the State Historical Society, headquartered at the Cultural Heritage Center in Pierre. “Property tax assessments may not be increased due to certified rehabilitation of the building.”

The property tax moratorium is an incentive for owners of properties listed on the National Register of Historic Places to maintain and rehabilitate their homes and businesses, Vogt added.

Tags: historic preservation, life, updates, local, mitchell, whittier