The Unified Government's Neighborhood Revitalization Act (NRA)
So What Does that Really Mean?
UG Recommendation: New construction, additions & major rehabilitation that require a building permit may increase the
assessed value, e.g. kitchens & bathrooms tend to increase a home's value significantly. Painting, windows & other
cosmetic projects generally won't get applicants over the 5% assessed value threshold. Contact UG Economic \
Development - edevelopment@wycokck.org or call 913-573-5730
What are other opportunities because of our historic status?
UG Recommendation: New construction, additions & major rehabilitation that require a building permit may increase the
assessed value, e.g. kitchens & bathrooms tend to increase a home's value significantly. Painting, windows & other
cosmetic projects generally won't get applicants over the 5% assessed value threshold. Contact UG Economic \
Development - edevelopment@wycokck.org or call 913-573-5730
What are other opportunities because of our historic status?
- It's definitely possible to layer this NRA Tax Rebate with the State Historic Tax Credits - or you can do one program and not the other. Regardless, any & all proposed work must be submitted & approved before actually STARTING WORK. Neither of these programs can be applied retroactively.
- Best Advice (in 2023) for both programs - DO NOT START WORK WITHOUT contact the UG Planning'
- NRA Rebate: www.wycokck.org/NRArebate
- Historic Tax Credits: https://www.wycokck.org/Departments/Planning-Urban-Design/Historic-Preservation/Historic-Preservation-FAQs).