JAMESTOWN, NY (WNY News Now) – Those with the Jamestown Renaissance Corporation are hosting a Historic Tax Credit Workshop this Wednesday for any who live within the city’s three Historic Districts.
According to Neighborhood Project Director Mary Maxwell, within the City of Jamestown there are three different areas designated significant for their historical, architectural, engineering, and other special properties that deem them historic. Allowing residents to receive a tax credit when making renovations.
“You can get a 20 percent tax credit on your New York State taxes,“ explained Maxwell. “If you go through their system of renovating your house to their monopoly rules.”
This also extends to a 30 percent credit for commercial properties.
If it wasn’t for all of New York State’s red tape, Maxwell would believe that all of Jamestown could be a Historical District
“So we’ve got like 450 properties, and all of Jamestown could be a Historic District, but you have to go through this process,“ stated Maxwell. “People ask me all the time, one of the first questions is, why is my house not in it. Because you have to go through this process and be approved through the state.”
“You have to define the borders,” said Councilman Brent Sheldon.
“Yes, you have to define the borders,” explained Maxwell. “And it takes time. So we started doing this in 2014, we have gotten three done.”
The free workshop will take place virtually this Wednesday, February 15th. There will also be space reserved at the Jamestown City Hall where attendees can participate.
Pre-registration is required, for more information contact Maxwell at email@example.com or call at (716) 708-6964.