Bailey Bill Tax Abatement Program

VIew This Resource

Provided By: City of Columbia

An incentive for owners of historic buildings, this City of Columbia program may allow you to keep your building’s assessed value at the same amount for 20 years. The property owner is required to make an investment of 20% in qualifying expenses to be eligible for the property tax abatement.

Use of Funds:Physical preservation work (rehabilitation, structural work, stabilization work, environmental disaster mitigation work, etc.)Ongoing maintainence of a historic structure or updates to previously preserved structure

Region Served: City/Town/Local

County Served: Richland

Amount(s):

n/a

Preservation Topic: Public Buildings

Funding Type: Historic Tax Credit/Incentive