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HomeMy WebLinkAbout20110803WASHINGTON COUNTY HISTORIC DISTRICT COMMISSION Washington County Administrative Annex 80 West Baltimore Street Hagerstown, Maryland 21740-6003 Telephone: 240-313-2430 FAX: 240-313-2431 Deaf and Hard of Hearing call 7-1-1 for Maryland Relay AGENDA HISTORIC DISTRICT COMMISSION FOR WASHINGTON COUNTY, MARYLAND CONFERENCE ROOM 1A & B WASHINGTON COUNTY ADMINISTRATIVE ANNEX 80 WEST BALTIMORE STREET August 3, 2011 7:00PM M REGULAR MEETING AGENDA - 7:00 PM A. Call to Order & Roll Call B. Minutes —June 1, 2011* C. Communications & Bills D. Unfinished Business E. Budget F. New Business 1. Building Permit #2011-02590, 21422 Leiter Street, 599 sq. ft. masonry pavilion in the Leitersburg Rural Village * 2. TC-11-002, Tax Credit application, 20702 Old Forge Road, Hagerstown, MD, in the Historic Preservation overlay zone * G. Other Business H. Closed Session I. Adjournment * = written material enclosed \HDC\aAUG011.DOC NOTICE IS GIVEN THAT THE HISTORIC DISTRICT COMMISSION MAY MEET IN CLOSED SESSION PURSUANTTO SECTION 10.508, STATE GOVERNMENT ARTICLE, ANNOTATED CODE OF MARYLAND. INDIVIDUALS REQUIRING SPECIAL ACCOMMODATIONS ARE REQUESTED TO CONTACT THE WASHINGTON COUNTY PLANNING DEPARTMENT, CONTACT PLANNING DEPARTMENT AT (240) 313-2430 VOICEITDD TO MAKE ARRANGEMENTS NO LATER THAN TEN (10) WORKING DAYS PRIOR TO THE MEETING. Www.washco-md.net ��j RECYCLED PAPER APPLICATION FOR PROPERTY TAX CREDIT FOR IMPROVEMENTS TO HISTORIC STRUCTURES (Revised April 2011) WASHINGTON COUNTY, MARYLAND JUL 0 i 2o11 WASHIP\IG.rOiil COUPdIY PLANNING OEPARTI\4FIV'I" INTRODUCTORY REMARK - This application is submitted pursuant to AN ORDINANCE TO PROVIDE. PROPERTY TAX CREDITS FOR IMPROVEMENTS TO SPECIFIED HISTORIC STRUCTURES IN.WASHINGTON COUNTY, MARYLAND. It., is the intent of this Ordinance to allow credit for bonafide and properly executed restoration activities which can betapproved according to.the standards specified in the Washington County Zoning Ordinance including the Secretary of the Interior's Standards for Rehabilitation and Guidelines for Rehabilita.tina Historic buildings used by the Historic District Commission o Washington County, Maryland. It is not intended to provide credit for historically inappropriate modifications, normal maintenance activities, or repairs improperly performed. Credits are available for restoration activities on the EXTERIOR of structures only. No credits will be approved for construction activities on the interior of the structure. Credits are available for expenditures made after July 1, 1990. Other. forms of tax advantages may be available from other government jurisdictions. However, property owners should not assume that granting of a credit on Washington County real — property taxes, as a result of this application, will guarantee qualification for other jurisdictions', tax advantages. APPLICANTS SHOULD INCLUDE "BEFORE AND AFTER'? PHOTOGRAPHS WHENEVER POSSIBLE. Mail or deliver this completed application with supporting documents to: Washington County Historic District Commission Washington County Administrative Annex 80 West Baltimore Street* Hagerstown, Maryland 21740 PROPERTY OWNER' INFORMATION Name Mailing Address flP rn f'r r TYPE OF. CREDIT This application is for a property tax credit for: (check 1 or 2 and a, b, or c) 1. Preservation or restoration of an existing structure (10% credit) a. located in a Washington County HP zone b. located in a Washington County AO zone and listed on the Historic Sites Survey c. located inside the municipal limits of (Name of Town) 2. New construction attached to an existing structure (5% credit) a. located in a Washington County HP zone b. located in a Washington County AO zone and listed on the Historic Sites Survey C. located inside the municipal limits of (Name of Town) PROPERTY INFORMATION . Property Location Tax Map #. 3g Block # Parcel # 17 Lot # (Can be found on your property tax bill) Tax ID Number (From Tax Bill) 12 Oly.P/P Size (Acres or Square Feet) fpR,<a-pr Zoning (Indicate Town or County) Historic. Site Survey Reference # (If known) WA- -6S21. Is the structure listed on the National Register of Historic Places?,.�,_�,' Have tax credits been granted to the current owner of this property for previous preservation activity? (Yes or No) e -S Date of approval of previous tax credits 2 'Briefly describe the building(s) that are the subject of this application (size, # of stories, construction material, date of construction, original section and/or additions, style, etc.). Continue on attached shRat if nanesrv_ BUILDING PERMIT INFORMATION; - Did any or all of the restoration or construction activity require a building permit? yes _ no Building Permit # (Indicate Town or County) Date of Washington County Historic District Commission or Town Historic Commission Review and Approval of building permit. Date of Permit Issuance Date of Use and Occupancy Issued • Was any part of the restoration or construction activity performed on the interior of the building? Yes Nom Are any of the interior restoration costs included on page_ 4? Yes No X Date of work completion 414/44' 20/i J Check if before and after photographs are included, (They cannot be returned) If preservation activity is located within Town limits, check here and supply copy of approved building permits and documents of Town Historic Commission's' approval of permit and inspection of construction. F DESCRIPTION OF WORK Use this space (and copies as needed) to describe the preservation construction activity. Examples of construction activity could be masonry cleaning, window repair, replacement Or. rehabilitation of moldings, repointing masonry, reconstruction of porch_ deck, steps or roof, contractor or architect fees, etc. Only construction activities on the exterior of the building after July 1, 1990 are eligible for credit._ ACTIVITY MATERIALS COST CONTRACTOR/SELF. - RECEIIPT/INVOIC# ni tV, iU L R UP /S Oh tt%& CERTIFICATION AND SIGNATURE. My/Our signature(s)below is/are certification that the information provided on this application is true, complete and accurate.to the best of my/our knowledge and belief. I/we have retained receipts and records of the payment for all activity included on this application and will produce them, if requested, in order to substantiate all claims on this application. Signature C ,1;a 4k-/L.sc&cJ Date Z9 Signature Date HISTORIC DISTRICT COMMISSION USE ONLY 1. File ¢) 2. Date Application Received: Complete Incomplete Returned 3. Dates of Commission Review. of Applicable Building Permits 4. Dates of Commission Review of Tax Credit Application 5. Action 6. Total Cost of Preservation Activity 7. Portion of Total Eligible for Credit 8. Type of Credit a) 10% (x.10) b) 5% (x.05) 9. Tax Year to which credit should be applied TREASURER'S OFFICE USE ONLY Refer to information in-oreceedin section) A. Amount upon which CREDIT is calculated (enter amount from #7 above) B. Type of CREDIT X (enter multiplier from 8a or b above) C. Amount of CREDIT (this application) D Remaining CREDIT (if any from previous application) E. TotalCREDITavailable - F. Credit used G. Remaining Credit for Future Use 5 Rev. 1/2010 MARYLAND DEPARTMENT OF PLANNING MARYLAND HISTORICAL TRUST D LS (� B MARYLAND SUSTAINABLE COMMUNITIES DEC 0 3 2010 REHABILITATION TAX CREDIT APPLICATION PART 2- DESCRIPTION OF REHABILITA TION In1, 1 /0ME0WNER APPLICATION :�2oi- ors �� MHT Project No. (MHT Office Use Only) Instructions: Please refer to the instructions prior to completing this application. A determination by the Maryland Historical Trust with respect to certification of rehabilitation plans for a proposed project is made on the basis of this application form. In the event of any discrepancy between the information in this application form and other supplementary material submitted with It (such as architectural plans, drawings and specifications), the application form shall take precedence. 1. Name of property L.O f≥u)-6t F,et'rl'? State Legislative District property: Street 702- nth IZ4F'e rA,e/H City/Town CHECK ALL 21 Listed as individually designated on the National Register of Historic Places; give date of listing: ii -7-1177g THATAPPLY., ❑ Located in a National Register Historic District; name of district: ® Designated individually under local law or located in a local historic district; name of local district: ❑ Pending National Register or local designation (final designation must be in place by the end of the calendar year in which the rehabilitation project Is completed) Has a Part I Application (Certification of Significance) been submitted for this property within the last five years? ❑ yes ❑ no (If no, refer to 'Completing Part 1in the Homeowner Application Instructions for Information on how to proceed with submitting a new Part 1) 2. Data on proposed rehabilitation project CHECK ONE OF THE FOLLOWING FOR BUILDING USE DESCRIPTION: Qt] Primary/secondary residence ❑ Mixed -use residentiawcommercial ❑ Owner -occupied residential co-op unit ('A'single-family, owner -occupied residence' means a structure or a portion of a structure occupied by the owner and owners immediate family as their primary or secondary residence') GJ Floor area in square feet before rehab: �lJ E-ll Floor area In square feet after rehab: 5"' Date building was originally constructed: %% 2 - is this a phased project? 0 yes ® no (If yes, a separate Part 2 application must be submitted for each 24 -month phase) Est, project start datek i / I /i Est, project completion date III // Estimated Qualified Rehabilitation Expenditures Total: $Zi. D , o D Note: Final Qualified Rehabilitation Expenditures and receipts must be Itemized by work item on the Part 3 Application 'Itemized Expense Spreadsheet". (Refer to the Homeowner Application Instructions for more information) CHECK IF YOU ANTICIPATE RECEIVING ANY OF THE FOLLOWING ADDITIONAL FUNDING FOR THE PROPOSED PROJECT: ❑ Insurance claim reimbursement funds ❑ Other local and/or state financial Incentives (i.e. grants, loans, energy tax credits)* 'Specify type of funding and source (if applicable): (Refer to the Homeowner Application Instructions for more information on the effect of additionallnon-private funding on rehabilitation expenditures eligible for the tax credit) 3. Owner: I hereby attest that, to the best of my knowledge, the information I have provided Is correct, that the structure Is not owned by the State of Maryland, a political subdivision of the State, or the Federal government, and that I own the structure described above. I understand that Intentional falsification of factual representations in this application is subject to civil penalties and Imprisonment for up to 10 years pursuant to Tax GeneralAdicle, §§ 13-703 an 13-1002(b), Annotated Code of Maryland. Name P'ATB/G/z4 JCzlvia'M Authorized Signature Lu-f� Date Social Street Severity Number 2 di D (or Taxpayer City/Town Daytime telephone number 30/'_733'-/762 go/— ctf- 63 7/ Identification Number) ! Star 7'/t Zip /e-mail address o/ry {O Yy`e c&7J?c/a C Maryland Historical Trust 1 100 Community Place I Crownsville, MD 210321 http:ilmht.maryland.gov Rev.0n0II MARYLAND DEPARTMENT OF PLANNING MARYLAND HISTORICAL TRUST MARYLAND SUSTAINABLE COMMUNITIES REHABILITATION TAX CREDIT APPLICATION PART 3- REQUEST FOR CERTIFICATION OF COMPLETED WORK HOMEOWNER APPLICA TION MHT Project No. (MHT Office Use Only) Instructions: Refer to the instructions prior to completing this application. Upon completion of the rehabilitation, return this completed form to the Maryland Historical Trust with representative photographs (prints and CD) of the completed work (both exterior and interior views, as applicable). Certification or denial of certification of the completed rehabilitation project is made on the basis of the information In this application form. In the event of any discrepancy between the Information In this application form and other, supplementary material submitted with it (such as architectural plans, drawings, and specifications), the Information in this application form will control. �z8 State Legislative District: 1. Name of property (H applicable): Address of property: Street: cltyTown:,Afl3O.�V-&A County:/,i45, jo/r/77-7 Zip: Is the property a certified historic structure? .❑ Yes 0 No Date of Part I certification by MHT or dale of National Register listing: //- / For properties that were pending National Register/local individual designation or National Registerllocal historic district designation when Part 1 was submitted, give date of designation: Name of National Register or local historic district (if applicable): Data on rehabilitation project: Project starting date: .4_ -. , '— II Date rehabilitation work completed: 4_7.-.// Total rehabilitation costs (including new construction costs, such as additions, site work, and landscaping): $ ( n - £O Less amount of Ineligible funding Included In this amount, if applicable (such as state or local government $ funding or Insurance reimbursement proceeds — as described on the Part 2): Less actual costs attributed to new construction, including new additions, site work, and landscaping (if applicable): - $ TOTAL QUALIFIED REHABILITATION EXPENDITURES (the 20% tax credit will be based on this amount, which may not exceed $250,000): t$ (c) / 6(, . ad Is the required 'PartS- - Itemized Expense Spreadsheer included with corresponding invoices/ receipts? ji) Yes Would this rehabilitation project have otherwise been undertaken if the Maryland rehabilitation tax credit was not available? 0 Yes O No Owner: (space on reverse for additional owners) I hereby apply for certification of the rehabilitation work described above for purposes of the State Sustainable Communities Rehabilitation Tax Credit. I hereby attest that, to the best of my knowledge, the information provided is correct, and that the completed rehabilitation is consistent with the work described in Part 2 of the Maryland Sustainable Communities Rehabilitation Tax Credit Application approved by the Maryland Historical Trust I also attest that the structure is not owned by the State of Maryland, a political subdivision of the State, or the Federal government, and that I own, as my residence, the property, or the portion of the property, described above. I understand that Intentional falsification of factual representations in this application are subject to clvll penalties and imprisonment for up to 10 years pursuant to Tax GeneralArticle, §§ 13-703 and 13-1002(b), Annotated Code of Maryland. Name:5c ___a Authorized Signature:, _t,19(, r(/�p.,PLuj Date: .je —r—ii Social Security Number (or Taxpayer Identification Number): am- ; y' Street: 2-0762. (rj LJl /-d lc A? Fcr Cityrrown: j ,L.1 State: ,%f_p Zip: /_/74" Daytime telephone number: S-)/ -753-'_,)_77 E-mail address: D/ eh1.C )1 e MHT Office Use Only The Maryland Historical Trust has reviewed the "Maryland Sustainable Communities Rehabilitation Tax Credit Application - Part3' for the above -listed "certified historic structure" and has determined: LIII that the completed rehabilitation meets the Secretary of the Interior's Standards for Rehabilitation. Effective the date Indicated below, the rehabilitation of the 'certified historic structure' is designated a 'certified rehabilitation.' Questions concerning specific tax consequences of certification or interpretations of Maryland tax law should be addressed to the Comptroller of the Treasury. Completed projects may be inspected by an authorized representative of the MHT Director. The MHT Director reserves the right to make Inspections at any time up to five years after completion of the rehabilitation project to determine if the owner, upon obtaining certification, undertook unapproved further alterations inconsistent with the Secretary of the Interiors Standards for Rehabilitation. that the completed rehabilitation project does not meet the Secretary of the Interiors Standards for Rehabilitation and therefore certification is denied. Details attached. A copy of this form will be provided to the Comptroller of the Treasury. Date Maryland Historical Trust Authorized Signature Maryland Historical Trust 1100 Community Place I Crownsville, MD 210321 http:l/mht.mafyland.gov LB WILS®R! SEAMLESS GUTTERS BILL TO Pat Schooley 20702 Old Forge Rd Hagerstown MD 21742 COLOR I TERMS I REP Copper 1 1/2 down Net on co... I Mark DESCRIPTION Price includes supply and installation of (210 ft) 6" seamless Half- Round gutter with all shanks, gem circles, spring clips, and end caps are included in the above price. Price includes installation of 4" round downspouts with all elbows and fasteners included in the above Price for 4" round Y diverter *(if not wanted subtract from total) Price includes removal and disposal. By Signing this proposal I understand L. R. Wilson Gutters Inc. with owner approval will charge Labor of $45.00 hour,*(per employee working on repairs) plus material for any replacement of damaged or rotten wood is found during removal that would not allow for a proper installation of gutter system, Note: all end caps, and outlets will be soldered there will be no seams in gutter it will be made on site to length needed. OPTION # 1 Solder downspout and elbows Total $ 500.00 (If this option;is wanted add to total and initial) TERMS OF PAYMENT: 1/2 Deposit Net Upon Completion. (Check, Visa, MasterCard & Discover Accepted) Sales Tax Thank you for your Total Signature PROPOSAL DATE INVOICE # 11/17/2010 8294 PROJECT House Total 10,150.00 0.00 150.00 0.00 0.00 0.00 0.00 0.00 0.00 $10,300.00 200 Thorton Drive McConnellsburg, PA 17233 PA License #000216 • WV License #044391 MHIC 73946 1-800-293-9527 . 717-485-9527 . 717- 485-3823 fax . seamlessgutters@comcast.net www.lrwilsongutters.com . LB WILSON SEAMLESS GUTTERS IF. 200 Thorton Drive McConnellsburg, PA 17233 Serving The Tri-State Area Bill To Pat Schooley 20702 Old Forge Rd Hagerstown MD 21742 Invoice Date Invoice # 4/6/2011 117277 Color Project Terms Copper House 1/3. down Net on co... Description Amount Price includes supply and installation of (210 ft) 6" seamless Half- Round gutter with all shanks, gem 10,150.00 circles, spring clips, and end caps are included in the above price. Price includes installation of 4" round downspouts with all elbows and fasteners included in the above 0.00 price. Price for 4" round Y diverter *(if not wanted subtract from total) 150.00 Price includes removal and disposal. 0.00 By Signing this proposal I understand L. R. Wilson Gutters Inc. with owner approval will charge Labor 0.00 of $45.00 hour,*(per employee working on repairs) plus material for any replacement of damaged or rotten wood is found during removal that would not allow for a proper installation of gutter system, Note: all end caps, and outlets will be soldered there will be no seams in gutter it will be made on site to 0.00 length needed. TERMS OF PAYMENT: 1/2 Deposit Net Upon Completion. 0,00 (Check, Visa, MasterCard & Discover Accepted) Any Questions call -Larry @ 717-261-2556 office or 717-658-4508 cell 0.00 Deposit -3;500.00 Sales Tax 0.00 Thank you for your business. Total $6,800.00 200 Thorton Drive McConnellsburg, PA 17233 PA License #000216 • WV License #044391 MHIC 73946 1-800-293-9527.717-485-9527. 717- 485-3823 fax . seamlessputters@comcast.net www.lrwilsongutters.com A I.,J 1.1 a=_�1 �Y S i'_ �.r.,. y : Google Maps Page 1 of I Google maps Get Google Maps on your phone Text the word "GMAPS" to466453 [ Ql, -_ 6D-=:t,eltarslwtg Nxe ° \ Paramount -Long . 444 Meadow Ta X• ' Hunter Hill •9 - C"Y It t • Old fotye Rd_ Q Q� •�' i Old FM9e�'d o° + '• CedsrHiIIs -- �7 7 >ro 6 Fiddlesburg . �... FMsyyda cpi: dvq 0, Graveyard .. • \; ..• . PoT • / Park • •'�� ti dt lYtr .O ., ,.... • .L 02611-Google- Map'data O2011 Google- -Y1T'C TG"l1 00z .�Zo2 O & D http://maps,google.com/maps?ie=UTF8 &hl=en&11=39.668019,-77.665958&snn=0.02867... 07/29/2011 I Cyx 1nruyrnisr 1rs 1'u aracAritiu us 'lyxic WHEREAS, Washington County has the authority, to tax real property and to grant credits against real property taxes. WHEREAS, the authority to grant property tax credits is contained in 9-204 of the Tax -Property Article of the Annotated Code of Maryland. WHEREAS, Washington County, Maryland has a rich architectural and cultural resource as evidenced by a variety of architectural styles in a multitude of surviving physical structures. WHEREAS, as Washington County, Maryland desires to preserve said rich architectural and cultural history for the general benefit, knowledge and well being of the community. WHEREAS, the Board of County Commissioners for Washington County has exercised its authority under Article 66B, Section 8.01-8.15 and created an Historic District Commission empowered to regulate the construction, alteration, reconstruction, expansion, moving, and demolition of specified historic structures in "HP" Historic Preservation zoning districts. WHEREAS, real property tax credits for historic preservation activities are proven and appropriate methods of encouraging continued preservation, restoration, and construction of architecturally compatible structures. WHEREAS, the County Commissioners of Washington County desire to further encourage preservation and protection of historic structures by offering proven incentives to real property owners in the form of real property tax credits for historic preservation activities. WHEREAS, a public hearing was held on April 3, 1990, following due notice and advertisement of the text of the Ordinance; and WHEREAS, public comment was received, reviewed, and considered concerning the aforesaid Ordinance: NOW, THEREFORE, BE IT ORDAINED by the Board of County Commissioners of Washington County, Maryland, as follows: WASHINGTON COUNTY REAL PROPERTY TAX CREDITS 1. Real property tax credits for improvements in"HP" Historic Preservation zones and "AO" Antietam Overlay Zones. A. Property tax credit of 10% --There shall be allowed a tax credit on Washington County real property taxes based upon the amount expended by a real property owner -taxpayer, after July 1, 1990, for restoration and preservation of any structure having historic value which lies within the boundaries of any historic district in Washington County, Maryland, established under the authority of Section 8.01 et seq., Article 66B, Annotated Code of Maryland, or which lies within the boundaries of the "AO" Antietam Overlay Zone and which is included on the Maryland Historic Sites Survey. The tax credit on Washington County real property tax shall be in an amount equal to ten percent (10%) of the owner's expense for such restoration and preservation as documented according to Historic District Commission Guidelines. B. Property tax credit of 5% -- There shall be allowed a tax credit on Washington County real property taxes based upon the amount expended by a real property owner -taxpayer after July 1, 1990 for new construction attached to an existing structure on lands within any historic district in Washington County, Maryland, established under the authority of Section 8.01 et seq., Article 66B, Annotated Code of Maryland, or which lies within the boundaries of the "AO" Antietam Overlay Zone and which is included on the Maryland Historic Sites Survey. The new construction must be determined to be architecturally compatible with an existing structure having historic value which is located within the same district. The real property tax credit shall be in an amount equal to five percent 1'5%) of the owner's expense of the cost of construction of an architecturally compatible new structure attached to an existing structure as documented according to Historic District Commission Guidelines. 2. The restoration, preservation, and new construction activities referred to in this Ordinance shall be in conformance with The Secretary of the Interior's Standards for Rehabilitation and Guidelines for Rehabilitating Historic Buildings and subsequent revisions by The Washington County Historic District Commission. 3. Activities Eligible for Consideration. (1) Construction activities eligible for consideration for real property tax credits are those identified in Article 20, Section 20.6 of the Washington County Zoning Ordinance. Other activities considered eligible for tax credits are those described by the U.S. Internal Revenue Service (Publication 530 and subsequent revisions) as "improvements", which materially add to the value of the structure, considerably prolongs its useful life, or adapts it to a new use. (2) Preservation or construction activities to be considered for tax credits may be approved by the Historic District Commission before construction begins. (3) Preservation or construction activities must be inspected by the Historic District Commission or its designate before the application for tax credits will be acted upon. 4. The tax credit referred to in this Ordinance shall be given for the tax year immediately following the tax year in which the restoration or preservation work or new construction, or any portion thereof, is completed. The tax credit shall be in the form of a refund or waiver of any or all taxes that are due and paid to the Treasurer. 5. A claim may be granted if filed within five years of the completion, and in the event taxes were paid for the period of the credit, the County Treasurer would be authorized to effectuate a refund. Any unused portion of a credit granted may be carried over to subsequent years within the same five year period beginning at the completion of construction. 6. Application for the tax credit referred to in this Ordinance shall be made to the Washington County Historic District Commission. The tax credit application shall not be finally approved until the appropriate documentation, on forms prescribed and provided by the Commission, are supplied accompanied by the oath or affirmation of the owner -taxpayer, that the records are those for the actual expenditures in connection with the restoration and 'preservation of the structure, or the new construction within an Historic Preservation of "HP" zone or the "AO" Antietam Overlay Zone. 7. The Commission shall determine, from the improvements t submitted, which ones are eligible for tax credits and forward its findings to the County Treasurer within 45 days of receipt. The County Treasurer will issue a refund to the applicant within 30 days of receipt. The Commission will not determine the dollar amount of the tax credit to be granted nor will it be judging whether or not the cost of the improvements paid by the property owner was appropriate or not. 8. In the event there are unused portions of a granted tax credit and the owner -taxpayer wishes to receive additional refunds in subsequent tax years as specified in Paragraph 3-(2) above, the owner -taxpayer must initiate a new application for each year that an unused portion of the tax credit remains available. 9. BE IT ORDAINED that this Ordinance shall become effective upon adoption. Adopted this 1"4day of -'-1flc , 1990. ATTEST: BOARD OF COUNTY COMMISSIONERS 0 ASHINGT N C NTX, MARYLAND Ronald L. Bow rs, President o c�J in a C. Irvin, Vice President R. ee Downey_ Richard E. Roulette ohn S. Shank APPROVED as to form and le !/gal sufficiency: 4 ?1 RH. France, II County Attorney Mail to: Board of County Commissioners Court House Annex Hagerstown, MD 21740 Publication 530 Cat. No. 1505aK Department of the �/ Treasury ax Internal Revenue Information for Service Homeowners Contents What's New ..................... 1 Reminders......................1 Introduction ..................... 2 What You Can and Cannot Deduct ..... 2 Real Estate Taxes ............... 2 Sales Taxes ................... 3 Home Mortgage Interest ........... 3 Mortgage Insurance Premiums ....... 6 Mortgage Interest Credit ............ 7 Figuring the Credit ............... 7 Fo in preparing First -Time Homebuyer Credit ........ 9 201 0 eturns Basis ......................... 9 Figuring Your Basis .............. 9 Adjusted Basis ................ 11 Keeping Records ................. 11 How To Get Tax Help .............. 13 Index .......................... 15 What's New Basis of inherited property. The rules used In determining basis in property you inherited from someone who died in 2010 have changed. See Inheritance, later under Basis. Itemized deductions phaseout ended. For 2010, taxpayers with adjusted gross income above a certain amount will no longer lose part of their deduction for Itemized deductions. Expiration of Increased standard deduction for real estate taxes. The increased standard deduction for real estate taxes has expired and Is not available for 2010 or later years. Reminders Home Affordable Modification Program (HAMP). If you benefit from Pay -for -Performance Success Payments, the payments are not taxable under HAMP. Mortgage debt forgiveness. You can ex- clude from gross income any discharges of qual- ified principal residence indebtedness made after 2006 and before 2013. You must reduce the basis of your principal residence (but not below zero) by the amount you exclude. See Discharges of qualified principal residence In- debtedness, later, and Form 982, Reduction of Tax Attributes Due to Discharge of Indebted- ness (and Section 1082 Basis Adjustment),for more information. Repayment of first-time homebuyer credit. You generally must repay any credit you claimed for a home you bought if you disposed of the home or It ceased to be your main home in 2010. If you bought the home in 2008 and you owned and used it as your main home for all of 2010, you generally must begin repaying the credit with your 2010 tax return. See Form 5405 and its Instructions for details. Dec 30, 2010 value of the home for gift tax purposes after reduction for any annual exclusion and marital or charitable deduction that applies to the gift. The net Increase in the value of the home is its FMV minus the adjusted basis of the donor. Publication 551 gives more information, In- cluding examples, on figuring your basis when you receive property as a gift. Inheritance If you inherited your home from someone who died In 2010, your basis In the home will be determined under special rules. See Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010, for more Information. Adjusted Basis While you own your home, various events may take place that can change the original basis of your home, These events can Increase or de- crease your original basis. The result is called adjusted basis. See Table 3, earlier, for a list of fprovements. An Improvement materially adds to the value of your home, considerably prolongs its useful life, or adapts It to new uses. You must add the cost of any improvements to the basis of your home. You cannot deduct these costs. Improvements Include putting a recreatio room in your unfinished basement, adding a other bathroom or bedroom, putting up a fenc putting In new plumbing or wiring, installing new roof, and paving your drivewa . Amount added to basis. The amount you add to your basis for improvements is your ac- tual cost, This includes all costs for material and labor, except your own labor, and all expenses related to the improvement. For example, if you had your lot surveyed to put up a fence, the cost of the survey is a part of the cost of the fence. You also must add to your basis state and local assessments for improvements such as streets and sidewalks if they increase the value of the property. These assessments are dis- cussed earlier under Real Estate Taxes. Repairs versus improvements. A repair keeps your home in an ordinary, efficient operat- ing condition. It does not add to the value of your home or prolong Its life. Repairs include repaint- ing your home inside or outside, fixing your gut- ters or floors, fixing leaks or plastering, and replacing broken window panes. You cannot deduct repair costs and generally cannot add them to the basis of your home. However, repairs that are done as part of an extensive remodeling or restoration of your home are considered improvements. You add - Records to keep. You can use Table 4 (at the end of the publication) as a guide to help you keep track of improvements to your home. Also see Keeping Records, later. Energy conservation subsidy. If a public utility gives you (directly or indirectly) a subsidy for the purchase or installation of an energy conservation measure for your home, do not include the value of that subsidy in your income. You must reduce the basis of your home by that value. An energy conservation measure is an in- stallation or modification primarily designed to reduce consumption of electricity or natural gas or to Improve the management of energy de- mand. Keeping Records Keeping full and accurate records is vital to properly report your income and expenses, to support your deductions and credits, and to know the basis or adjusted basis of your home. These records include your purchase contract and settlement papers if you bought the property, or other objective evidence IIt you acquired it by gift, Inheritance, or similar means. You should keep any receipts, canceled checks, and similar evidence for Improvements or other additions to the basis. Iri addition, you should keep track of any decreases to the basis such as those listed in Table 3. How to keep records. How you keep records is up to you, but they must be clear and accurate and must be available to the IRS. How long to keep records. You must keep your records for as long as they are important for meeting any provision of the federal tax law. Keep records that support an Item of income, a deduction, or a credit appearing on a return until the period of limitations for the return runs out. (A period of limitations is the period of time after which no legal action can be brought.) For assessment of tax you owe, this is generally 3 years from the date you filed the return, For filing a claim for credit or refund, this Is generally 3 years from the date you filed the original return, or 2 years from the date you paid the tax, which- ever is later. Returns filed before the due date are treated as filed on the due date. You may need to keep records relating to the basis of property (discussed earlier) longer than for the period of limitations. Keep those records as long as they are important in figuring the basis of the original or replacement property. Generally, this means foras long as you own the property and, after you dispose of it, for the period of limitations that applies to you. Publication 530 (2010) Page 11 Standards for Preservation and Guidelines for Preserving Historic Buildings: Home Page Page 1 of I m Preservation is defined as the act or process of applying measures necessary to sustain the existing form, integrity, and materials of an historic property. Work, including preliminary measures to protect and stabilize the property, generally focuses upon the ongoing maintenance and repair of historic materials and features rather than extensive replacement and new construction. New exterior additions are not within the scope of this treatment; however, the limited and sensitive upgrading of mechanical, electrical, and plumbing systems and other code -required work to make properties functional is appropriate within a preservation project. CE) STANDARDS 2) GUIDELINES HISTORICAL OVERVIEW - preserving - REHABILITATING - RESTORING - RECONSTRUCTING main - credits - email The Secretary of the Interior's Standards for Preservation Page i of 2 preservatlion +d -GUIDELINES- � �v� The Anoroach Exterior Materials �+�`"'b-X,� Masonry ws, ri-..�-geah-'y'; Wood � Architectural Metals Exterior Features Roofs 1. A property will be used as it was historically, or be given a new use that maximizes Windows the retention of distinctive materials, features, spaces, and spatial relationships. P P P Entrances + Porches Storefronts Where a treatment and use have not been identified, a property will be protected and, if necessary, stabilized until additional work may be undertaken. Interior Features Structural System The historic character of a property will be retained andpreserved. The Spaces/2. Features/Finishes Mechanical Systems replacement of intact or repairable historic materials or alteration of features, spaces, and spatial relationships that characterize a property will be avoided. Site 3. Each property will be recognized as a physical record of its time, place, and use. Setting Work needed to stabilize, consolidate, and conserve existing historic materials and special Requirements features will be physically and visually compatible, identifiable upon close inspection, Energy Efficiency and properly documented for future research. Accessibility Health + Safety 4. Changes to a property that have acquired historic significance in their own right will be retained and preserved. f! II87AN ARt ,y` 5. Distinctive materials, features, finishes, and construction techniques or examples of craftsmanship that characterize a property will be preserved. 6. The existing condition of historic features will be evaluated to determine the appropriate level of intervention needed. Where the severity of deterioration requires repair or limited replacement of a distinctive feature, the new material will match the old in composition, design, color, and texture. 7. Chemical or physical treatments, if appropriate, will be undertaken using the gentlest means possible. Treatments that cause damage to historic materials will not be used. 8. Archeological resources will be protected and preserved in place. If such resources must be disturbed, mitigation measures will be undertaken. Guidelines for Preservation--> HISTORICAL OVERVIEW - preserving - REHABILITATING - RESTORING - RECONSTRUCTING main - credits - email Standards for Rehabilitation and Guidelines for Rehabilitating Historic Buildings: Home ... Page 1 of 1 n 'Si'n7�Crernt ➢�aN,_.}st4oJrE ""� Rehabilitation is defined as the act or process of making possible a compatible use for a property through repair, alterations, and additions while preserving those portions or features which convey its historical, cultural, or architectural values. S'T'ANDARDS ) GUIDELINES HISTORICAL OVERVIEW - PRESERVING - rehabilitating - RESTORING - RECONSTRUCTING main- credits - emai The Secretary of the Interior's Standards for Rehabilitation Page 1 of I Exterior Features Roofs 1. A roe windows property rty will be used as it was historically or be given a new use that requires Entrances + Porches minimal change to its distinctive materials, features, spaces, and spatial storefronts relationships. Interior Features 2. The historic character of a property will be retained and preserved. The removal of structural system distinctive materials orty alteration of features, spaces, and spatial relationships that SeFeatur s/F1nishes Mechanical systems characterize a property will be avoided. Site 3. Each property will be recognized as a physical record of its time, place, and use. Changes that create a false sense of historical development, such as adding Setting conjectural features or elements from other historic properties, will not be special Requirements undertaken. Energy Efficiency New Additions 4. Changes to a property that have acquired historic significance in their own right Accessibility Health + Safety will be retained and preserved. 5. Distinctive materials, features, finishes, and construction techniques or examples �� ft IEIE STANDARDS of craftsmanship that characterize a property will be preserved. 6. Deteriorated historic features will be repaired rather than replaced. Where the severity of deterioration requires replacement of a distinctive feature, the new feature will match the old in design, color, texture, and, where possible, materials. Replacement of missing features will be substantiated by documentary and physical evidence. 7. Chemical or physical treatments, if appropriate, will be undertaken using the gentlest means possible. Treatments that cause damage to historic materials will not be used. 8. Archeological resources will be protected and preserved in place. If such resources must be disturbed, mitigation measures will be undertaken. 9. New additions, exterior alterations, or related new construction will not destroy historic materials, features, and spatial relationships that characterize the property. The new work shall be differentiated from the old and will be compatible with the historic materials, features, size, scale and proportion, and massing to protect the integrity of the property and its environment. 10. New additions and adjacent or related new construction will be undertaken in a such a manner that, if removed in the future, the essential form and Integrity of the historic property and its environment would be unimpaired. Guidelines for Rehabilitation--> PRESERVING - rehabilitating - RESTORING - RECONSTRUCTING main - credits - email 1.. // n•. Fl 1, .t, 1. •]./_1._f/.t_t _a__1. 1 1. .. ,�.. ,.. Standards for Restoration and Guidleines for Restoring Historic Buildings Page I of 1 restoring Restoration is defined as the act or process of accurately depicting the form, features, and character of a property as it appeared at a particular period of time by means of the removal of features from other periods in its history and reconstruction of missing features from the restoration period. The limited and sensitive upgrading of mechanical, electrical, and plumbing systems and other code -required work to make properties functional is appropriate within a restoration project. STANDARDS GUIDELINES HISTORICAL OVERVIEW - PRESERVING - REHABILITATING - restoring - RECONSTRUCTING main - credits - email Standards for Restoration Page 1.of I standards for restoratiion 1. A property will be used as it was historically or be given a new use which reflects the property's restoration period. 2. Materials and features from the restoration period will be retained and preserved. The removal of materials or alteration of features, spaces, and spatial relationships that characterize the period will not be undertaken. 3. Each property will be recognized as a physical record of its time, place, and use. Work needed to stabilize, consolidate and conserve materials and features from the restoration period will be physically and visually compatible, identifiable upon close inspection, and properly documented for future research. 4. Materials, features, spaces, and finishes that characterize other historical periods will be documented prior to their alteration or removal. 5. Distinctive materials, features, finishes, and construction techniques or examples of craftsmanship that characterize the restoration period will be preserved. 6. Deteriorated features from the restoration period will be repaired rather than replaced. Where the severity of deterioration requires replacement of a distinctive feature, the new feature will match the old in design, color, texture, and, where possible, materials. 7. Replacement of missing features from the restoration period will be substantiated by documentary and physical evidence. A false sense of history will not be created by adding conjectural features, features from other properties, or by combining features that never existed together historically. B. Chemical or physical treatments, if appropriate, will be undertaken using the gentlest means possible. Treatments that cause damage to historic materials will not be used. 9. Archeological resources affected by a project will be protected and preserved in place. If such resources must be disturbed, mitigation measures will be undertaken. 10. Designs that were never executed historically will not be constructed. Guidelines for Restoration--> -GUIDELINES- The Approach Exterior Materials Masonry Wood Architectural Metals Exterior Features Roofs Windows Entrances + Porches Storefronts Interior Features Structural System Spaces/Features/Finishes Mechanical Systems site Setting Special Requirements Energy Efficiency Accessibility Health + Safety '1}-li SAh7t7}pF{t)�r HISTORICAL OVERVIEW - PRESERVING - REHABILITATING - restoring- RECONSTRUCTING main - credits - email Standards for Reconstruction and Guidleines for Reconstructing Historic Buildings Page 1 of 1 �titrlu7rti. rian ilh+rr�r•�j_ Reconstruction is defined as the act or process of depicting, by means of new construction, the form, features, and detailing of a non -surviving site, landscape, building, structure, or object for the purpose of replicating its appearance at a specific period of time and in its historic location. IN r j S'TAWDARDS GUIDELINES HISTORICAL OVERVIEW - PRESERVING - REHABILITATING - RESTORING - reconstructing main - credits - email guide_template.gif Page 1 of 1 mt4 av ��'� ' �a `�r,, .� rte', ��� �-��,� tl�ttq>#AZraa�stkwlc � t -+ [I� T .c'r -GUIDELINES- :' r .. td y{""'3s�� ` rsf Y. r U '1 The Annroach i j F° } 7 '- � + � � �' � � � � -s'i Research + ' _ Documentation Building Exterior 1. Reconstruction will be used to depict vanished or non -surviving portions of a property when documentary and physical evidence is available to permit accurate reconstruction with minimal conjecture, and such reconstruction is essential to the public understanding of the property. 2. Reconstruction of a landscape, building, structure, or object in its historic location will be preceded by a thorough archeological investigation to identify and evaluate those features and artifacts which are essential to an accurate reconstruction. If such resources must be disturbed, mitigation measures will be undertaken. 3. Reconstruction will include measures to preserve any remaining historic materials, features, and spatial relationships. 4. Reconstruction will be based on the accurate duplication of historic features and elements substantiated by documentary or physical evidence rather than on conjectural designs or the availability of different features from other historic properties. A reconstructed property will re-create the appearance of the non - surviving historic property in materials, design, color, and texture. 5. A reconstruction will be clearly identified as a contemporary re-creation. 6. Designs that were never executed historically will not be constructed. Guidelines for Reconstruction--> HISTORICAL OVERVIEW - PRESERVING - REHABILITATING - RESTORING- reconstructing Building Interior Site Setting Special Requirements Energy Efficiency Accessibility Health + Safety fH fT�Ni5AFtl]S main - credits - email 1 .,t M1