More than 800 Beaufort structures eligible for tax incentive for historic home renovations

emoody@beaufortgazette.comMarch 25, 2014 

The Mulligan Grayson House on King Street in Beaufort, renovated through a partnership with the city, could have qualified for renovations under the Bailey Bill.

SARAH WELLIVER/STAFF PHOTO

  • In other news, council:

    • Discussed the noise ordinance and concerns of downtown residents and business owners about late-night music and noise. No changes have been recommended and the ordinance will continue to be discussed.
    • Tabled approval of a noise ordinance waiver for a private event at The Arsenal on May 16 until the ordinance is examined more closely and service times checked for Beth Israel Congregation.
    • Approved annexation and rezoning of three parcels of land on Greenlawn Drive.
    • Granted preliminary approval to rezoning 1011 and 1015 Bay St. and 310 and 314 Charles St. A final vote will be scheduled later.
    • Granted preliminary approval to establish a Park and Tree Advisory Commission. A final vote will be scheduled later.
    • Grant preliminary approval to parking changes on Charles Street. A work session will be scheduled later to discuss the changes.
    • Approved leases for small portions of the Henry C. Chambers Waterfront Park with YoYo's Ice Cream and Plums restaurant.
    • Approved a request by Main Street Beaufort, USA, to use the park on May 2-3 for the Taste of Beaufort event.
    • Approved co-sponsorship of Hope Haven's Take Back the Night on April 11.
    • Decided it did not need to meet in closed-door session to receive legal advice, as advertised.
    • Proclaimed March as American Red Cross Month and April as Parkinson's Awareness Month.

Beaufort resident John Dickerson called the tax incentive City Council passed Tuesday night that encourages renovation of historic homes "the carrot rather than the stick."

"I think it will go a long way to improving the historic district as well as homes outside (it)," he said.

The tax incentive freezes property values for 10 years when owners undertake approved renovations worth at least half of a building's value. Called the Bailey Bill, similar incentives are already in place in cities across South Carolina, including Columbia.

It applies to buildings at least 50 years old throughout the city.

Roughly 645 of the 840 buildings in the historic district are eligible for the incentive.

Another 185 are eligible elsewhere in the city, city planner Libby Anderson said.

"We do hope people take advantage of this, especially for vacant and abandoned homes," she said. "We are really trying hard on those and this will be one more tool in our toolbox."

City staff and officials have been looking for programs to encourage property owners to fix up existing houses and build new ones on empty lots, especially in the downtown district.

One concern raised during public meetings on the incentive has been the financial burden of higher taxes that comes when a property's value is increased. The Bailey Bill is intended to offset that, officials said.

The tax freeze must be applied for, cannot be used retroactively for projects already underway, and any renovations must approved by the city's Historic District Review Board.

City Council must designate the 185 eligible homes outside downtown as historic, and a few "tweaks" are needed to city ordinances to comply with state laws, Anderson said.

The homes outside the district will only need to go through the review board for improvements if the owners want to participate in the tax freeze, Anderson said in answer to a question from Mayor Billy Keyserling about the unintended consequences of "historic" designation.

Beaufort County is considering a similar program, which would increase the financial benefit for property owners.

Follow reporter Erin Moody at twitter.com/IPBG_Erin.

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