Tax Incentives

Certified Historic Structure
A Certified Historic Structure is a building officially recognized for its historical significance by a ratified government authority, enabling it to qualify for specific preservation and restoration incentives.
Mortgage Interest Deduction
The Mortgage Interest Deduction is a tax incentive for homeowners which allows them to deduct interest paid on a mortgage of their primary residence or secondary residence from their taxable income.
Rehabilitation Tax Credit
Rehabilitation Tax Credit provides a tax incentive for property owners to invest in the preservation of historic and other qualifying buildings.
Tax Abatement
Tax abatement is a financial incentive offered by a government to reduce or eliminate property taxes on a property for a certain period. This encourages development and investment in specific areas or projects.

Real Estate Lexicon

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