historic district benefits
A local historic district would boost property values, tourism, and increase historic preservation to maintain our town's heritage and architecture. It will also generate widespread economic appeal to our community, which will drive businesses and homeowners to locate in Belmont and increase jobs. Homeowners will benefit from increased property values, which will help revive our real estate market. A local historic district would help ensure the character and heritage of this special place is preserved for future generations. The City would benefit from the overall resulting increased tax revenue and increased tourism. Currently the City of Belmont does not have a local historic district and has no current plans to develop one.
But, don't we already have a historic district?
Belmont has a National Historic District but not a local district. The National District was established in 1996 and encompasses 264 contributing structures. Although it provides no protection for historic structures, it does to provide rehabilitation tax-credits to home owners throughout the State of North Carolina. The tax-credits apply to both commercial and residential, contributing structures within the historic district. To determine if your home or building qualifies as a contributing structure contact the City of Belmont Planning and Zoning Department. The historic tax credits are 20% for incoming producing structures and 15% for residential structures. For more information about the NC Rehabilitation tax credit program please visit: