A district is a collection of any or all of the above which is united historically or aesthetically. The benefits of historic preservation come in many forms. The prime benifit of historical restoration is always education. It also includes both public and private benefits. Historic preservation safeguards a community's heritage, making it available to future generations for civic enjoyment and educational activities.
Preservation stabilizes property values and strengthens local economies.
In addition, the conservation and maintenance of historic resources and scenic areas fosters civic beauty and bolsters community pride. Finally, historic preservation has been successfully employed to improve business opportunities in many locales. In addition to these public benefits, there are also advantages that accrue to individual property owners when historic resources are preserved. In addition to stabilizing property values, historic designation offers financial incentives to owners who rehabilitate their historic property. Some states offers an income tax credit of 25 percent of the costs of approved restoration work on a designated historic property or a propertylocated within a designated historic district.