Properties with local or federal historic designations may be eligible to apply for federal and state grants. Historic designations may help with the economic revitalization of an area. National trends show that property values generally increase for properties involved in historic preservation programs. Knowledge of local heritage enhances the quality of life and provides educational opportunities for the residents of the county. Through historic preservation efforts, the community can provide an exciting, educational, and scenic destination for visitors.
Historic designations can increase patronage for businesses.
Properties listed on the National Register of Historic Places may be exempted from FEMA's flood plain development requirements. The property does not have to be restored or fixed up to the way it originally was. There are no improvements required as a result of any of these historic designations. Interior remodeling, exterior repairs, changes to the structure, selling the property and even tearing down the historic building can all still be done. Historic designations will not increase the amount of property tax that is assessed.