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Residential
Tax Credit Program In recognition of the need to encourage property owners to invest in
Hagerstown’s older, urban neighborhoods and make improvements to
residential properties in these neighborhoods, the City of Hagerstown
and Washington County adopted two new tax incentive programs in 2006:
(1) Residential Rehabilitation; and (2) Conversion of Multi-Family to
Single-Family Residences.
This brochure summarizes the two local tax incentive programs that are
available in the City of Hagerstown for rehabilitation of residential
properties. For the purposes of these tax incentive programs, rehabilitation
is defined as alterations and/or additions to existing buildings.
The residential property must be located in Hagerstown’s Community
Legacy Area. Maps of this area are available in the City’s Planning
Office.
Part I: Before Work Begins: Part One of the appropriate application form must be filed with the City’s Planning Office prior to commencement of any rehabilitation work. Applications must include photographs of existing conditions and detailed plans of proposed improvements. An on-site inspection must be conducted by the City’s Code Administration Office prior to the commencement of any rehabilitation or conversion work. No tax credit will be granted if access to the entire property is denied to the Code Administration Office for inspection. All appropriate building permits must be obtained prior to commencement of any work. Part II: After Work is Completed: Part Two of the appropriate application form must be filed with the City’s Planning Office after the rehabilitation or conversion work is completed. Applications must include photographs of improvements and supporting documentation for the expenses (e.g., receipts, invoices,payroll, sheets, cancelled checks, etc.). Supporting documentation must indicate job location. An on-site inspection must be conducted by the City’s Code Administration Office immediately following rehabilitation or conversion work. No tax credit will be granted if access to the entire property is denied to the Code Administration Office for inspection. Annual Self-Certification: The appropriate Owner’s Certification of Continuing Program Compliance form must be filed with the City’s Planning Office on an annual basis for the duration of the tax credit to ensure continued compliance with the program’s eligibility requirements. CALCULATING THE TAX CREDIT Once the Part Two application form has been successfully completed, the City’s Planning and Code Administration Division will review submitted documents to verify the actual cost of construction. If all is in order, the Planning Office will inform the Technology and Support Services Department of the property’s eligibility for the tax credit and they will calculate the amount of eligible credit and notify the County and the property owner of their eligibility. ASSESSING THE TAX CREDIT Contact the Hagerstown Technology and Support Services Department at (301) 739-8577, ext. 153, for information on how the tax credit will be assessed against tax bills. APPLICATION FORMS Residential Rehab Part I, Part II, and Annual Self-Certification. Conversion of MF to SFR Part I, Part II, and Annual Self-Certification For more information, contact the Planning Office at planning@hagerstownmd.org or by telephone at (301) 739-8577, ext. 138. |
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