What kind of tax incentives can a property owner expect?

  • Federal Level

    • If a commercial or income producing property is listed in the National Register of Historic Places, certain federal tax incentives may apply. Contact the U.S. Internal Revenue Service and/or the Washington State Department of Archaeology and Historic Preservation for the most current tax incentives.


  • Pierce County Level

    • Property tax incentives are available under Special Tax Valuation for historic rehabilitation:

      • A special valuation of historic properties listed in the national, state or Pierce County Register of Historic Places revises the assessed value of historic properties by subtracting eligible rehabilitation costs for the tax assessment. Applicant must apply for Special Tax Valuation through the County Assessor-Treasurer's Office within two years from the time the rehabilitation activities began. If approved, special valuation status remains in effect for 10 years.


    • Properties with qualifying open space resources are assessed on the current use basis:

      • The Washington State Open Space Tax Act (RCW Chapter 84.34) allows property owners with qualifying open space resources to apply to have their properties assessed on the current use basis. Although not a high priority resource for current use tax consideration, historic sites are among the open space resources included in the Public Benefit Rating System applied by Pierce County (PCC Chapter 2.114) to rate open space resources for this program.

Show All Answers

1. What makes a property eligible for listing in the Pierce County Register of Historic Places?
2. Why would an owner want to designate a property to a historic register?
3. What is the process to nominate a property for designation to the Pierce County Register of Historic Places?
4. What kind of tax incentives can a property owner expect?