Orange County NC Website
o4 ` <br /> 3 <br /> Designation of Historic Landmarks <br /> Historic landmark designation of a building, site, or district occurs by adoption of an <br /> ordinance by the Board of Commissioners. Along with the requirements and benefits <br /> incurred by the designation, landmark designation is an honor of distinction. It is a <br /> source of pride for the property owner, whose property has been formally recognized as <br /> important to the history and cultural heritage of Orange County. <br /> Orange County's landmark designation program will be voluntary. Owners of eligible <br /> properties will be invited by the HPC to participate, with the option to decline if they <br /> wish. <br /> There are two major consequences of landmark designation for property owners. First, an <br /> owner who wishes to make certain changes to the exterior of his or her property must <br /> have plans reviewed and approved by the Historic Preservation Commission. Secondly, <br /> an owner of a designated landmark may apply for an annual fifty percent property tax <br /> deferral for as long as the property's historical significance is maintained. <br /> A certificate of appropriateness (COA) is required before making any changes to the <br /> site's exterior. The Historic Preservation Commission will review the application and <br /> rule on the appropriateness of the proposed change. The Commission may deny the <br /> applicant a COA if it finds the proposed work will adversely affect the special character <br /> of the landmark. HPC review is not required for routine maintenance and upkeep. <br /> The enabling legislation allows the Board of County Commissioners to establish a fifty <br /> percent tax deferral for designated landmarks. This is a substantial financial benefit <br /> available to landmark property owners. To receive the deferral, the owner must apply to <br /> the Tax Assessor for a reduced valuation of the property. The reduction in value is <br /> assigned only to real property (land and structures). The property owner will remain <br /> eligible for the tax deferral as long as the historical or architectural integrity of the <br /> landmark is maintained. If the property loses its eligibility for the tax deferral, the owner <br /> must pay the deferred taxes for the current year and the three preceding years, plus <br /> interest. <br /> Other incentives for participating in the landmarks designation program include the <br /> preparation of a National Register nomination at no cost to the owner. This applies to <br /> National Register-eligible properties, pending available funds. Also, a bronze historic <br /> marker may also be made available for designated properties. <br /> At present, there are eight sites in Orange County's planning jurisdiction listed on the <br /> National Register of Historic Places. The first group of County-designated landmarks <br /> will be selected from these sites. Thirty-nine other sites are included on the National <br /> Register Study List, and considered potentially eligible for the National Register. (The <br /> 2 <br />