What are the benefits of Local Historic Designation?

Local Historic Designation by the City of Stuart and/or Martin County may qualify a property owner for a ten-year ad valorem tax exemption on the assessed value of pre-approved improvements to a historic structure. Eligibility for this exemption is determined by the Stuart City Commission and the Martin County Preservation Board. In addition, to promote adaptive re-use, locally designated properties in the City's Urban District may be eligible for a credit of up to a 50% against required off-street parking. From time to time, the City's Community Redevelopment Agency (CRA) may provide funding for historic preservation elements for those properties that qualify.

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1. What makes a property historically significant?
2. What is historic preservation?
3. Who designates a structure or site as historic?
4. What are the benefits of National Historic Designation?
5. What are the benefits of the State of Florida (Division of Historic Resources) Historic Designation?
6. What are the benefits of Local Historic Designation?
7. Does historic preservation in the City of Stuart dictate what I can do with my property?