Baltimore offers the best historic tax incentives in the nation, and Jubilee is Baltimore's source for expert, inexpensive tax credit consulting. Jubilee works with homeowners and developers in Baltimore City's historic neighborhoods to obtain tax credits for restoration and repair of their designated historic properties.

Jubilee has brought more than $7 million in state credits alone to Baltimoreans and their neighbors.

Most homeowners and developers get help in obtaining historic tax credits. We can help you with the paperwork and the nuances of the program. 

Jubilee's standard fee for administering the residential tax credit process is 7% of the state tax credit award, while commercial projects are billed on an hourly basis, with a minimum of $1000. Initial consultations are free.

Tax Credit Benefits

• Maryland - state refunds 20% of eligible expenditures. It does not matter how much Maryland tax you pay; even non-profits are eligible.

Rehabilitation Tax Credits
• Baltimore City - city reduces applicants' property tax burden for ten years by adjusting the property tax liability to reflect the property's pre-renovation assessment.

Property Tax Credit for Historic Restorations and Rehabilitations
• Federal - credits 20% of eligible expenditures against Federal taxes owed (only income-producing properties are eligible)

Historic Preservation Tax Incentives

*Other tax credit program requirements may apply. All tax credit projects require approval before work commences in order for expenses to be eligible, as well as a minimum expenditure. Jubilee can help you determine if your property is a good candidate.

For more information please see our Historic Preservation Tax Credit brochure Download PDF here.

If you are restoring a historic property in Baltimore City, please contact the head of our tax credit division:

Sally Otto: 410.327.7373 x103 or sally@jubileebaltimore.org.

 
 

Copyright © 2006 Jubilee Baltimore Inc.