FOR IMMEDIATE RELEASE:  Jan. 11, 2008
CONTACT:  Kate Divis, (605) 773-6005

State Historical Society board approves property tax moratorium applications

PIERRE, S.D. — The South Dakota State Historical Society board of trustees recently approved 25 applications for the eight-year state historic preservation property tax moratorium for restoration and rehabilitation made to historic buildings. The projects meet the U.S. Secretary of the Interior’s “Standards for Rehabilitation.”

“These approvals are significant because if an historic building qualifies for the tax benefit, an eight-year delay is placed on the property tax assessment of any certified improvements,” said Jay D. Vogt, director of the State Historical Society. “Property tax assessments may not be increased due to certified rehabilitation of the building.”

For more information on how to qualify for the state historic preservation property tax moratorium, contact the State Historical Society at (605) 773-6005. Following is a list of the sites approved for the property tax moratorium:

Aurora County:

·     William P. Smith House, 306 North 3^rd Avenue, Stickney

Brookings County:

·     711 4^th Street, Brookings

Brown County:

·     Milwaukee Road Depot, 1 North Main Street, Aberdeen

Codington County:

·     Minneapolis & St. Louis Railroad Depot, 168 North Broadway, Watertown

Fall River County:

·     Minnekahta Block, 603 North River Street, Hot Springs

Hughes County:

·   Treasury Inn, 339 North Euclid Avenue, Pierre

·   Carriage House, 115 East Oak Street, Pierre

Lawrence County:

·     Lane Hotel, 1001-1005 Meade Street, Whitewood

·     Lown Building, 701-707 5^th Street, Spearfish

·     Martin Mason Block, 44-48 Sherman Street, Deadwood

Lincoln County:

·     John Isakson Home, 504 East 3^rd Street, Canton

Minnehaha County:

·     Tri-State Creamery, 534 North Main Avenue, Sioux Falls

·     Dakota Moline Plow Company Building, 600 North Main Avenue, Sioux Falls

·     Kresge Building, 201 South Phillips Avenue, Sioux Falls

·     Shriver-Johnson Building, 230 South Phillips Avenue, Sioux Falls

·     Security Bank Building, 101 South Main Avenue, Sioux Falls

·     Tuthill Lumber Company Building, 311 East 8^th Street, Sioux Falls

·     Sproesser Jr. House, 1220 South Main Avenue, Sioux Falls

·     Dr. Steven’s House, 21 South Riverview Heights, Sioux Falls

·     The Huddle, 429 East 4^th Street, Dell Rapids

·     Dell Rapids Opera House/The Grand, 425-427 East 4^th Street, Dell Rapids 

Pennington County:

·     Black Hills Model Home, 2101 West Boulevard, Rapid City

·     Fairmont Creamery, 201 Main Street, Rapid City

·     Swander Grocery, 517 7^th Street, Rapid City

Yankton County:

·     Lilycrest, 211 West 3^rd Street, Yankton

·     River Rose Hotel, 214 West 3^rd Street, Yankton