The primary motivation for the resurvey was to provide as many building owners as possible the opportunity to access financial incentives that are available through the Kansas State Historical Society for properties listed on the National Register of Historic Places, Spencer said.
One of the two main financial resources available to owners with listed properties is a state tax credit program offered through the Kansas Historical Society.
The Kansas State Tax Credit is equal to 25 percent of expenses for capital improvements of more than $5,000 to historic buildings owned by for-profit businesses. Before the work starts, the building owner must complete an application that is reviewed by the State Historic Preservation Office. Once the application is approved, the project must be completed before the owner is reimbursed with tax credits equaling 25 percent of the costs.
Spencer said that owners of Ark City’s downtown properties already listed on the national register have not taken full advantage of the tax incentive program.
“Only six tax credit programs have been done since 1983,” she said.
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