The Allegany County Commissioners have provided a tax assessment freeze equal to that received through the City of Cumberland’s program. Applicants must have work approved by the Cumberland Historic Preservation Commission in order to be eligible. Approved City of Cumberland Historic District Tax Incentive Applications will be forwarded to the Allegany County Office of Finance for processing. There is not a separate application required.
For qualified renovations that have been approved by the Historic Preservation Commission, a 10% credit can be deducted from the property owner’s annual city property taxes. A minimum expenditure of $5,000 is required. This credit can be used for up to 5 years if the amount of credit is greater than the amount of annual taxes due.
Additionally, a city property tax assessment freeze is available for a period of up to 10 years. The length of the freeze depends upon the amount of the expenditure in relation to the pre-improvement market value of the property. In 2006, this program was expanded to include not only the Canal Place Preservation District, but also all National Register of Historic Districts within Cumberland. Maps of these districts are available on our Historic District Maps page. Application forms are also available by emailing Kathy McKenney, Cumberland’s Historic Planner at firstname.lastname@example.org.
Additional information can be found here.