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| Renewable Energy System Exemption | |
|---|---|
| Eligible States | NY |
| Type | Tax Exemption |
| Area of Interest | Renewable Energy |
| Description | In September 2002, the New York State Real Property Tax Law property tax exemption for solar and wind systems was expanded to include farm waste electric generating equipment, using biogas as a fuel and with a rated capacity less than or equal to 400 kilowatts. The exemption applies to systems which are (a) existing or constructed prior to July 1, 1988 or (b) constructed subsequent to January 1, 1991, and prior to January 1, 2011. The amount of the exemption is equal to the increase in assessed value attributable to the farm waste energy system. The exemption is valid for up to 15 years. With respect to systems constructed after January 1, 1991, and before January 1, 2006, each county, city, town, village and school district (except the city school districts of New York, Buffalo, Rochester, Syracuse, and Yonkers) may choose whether to disallow the exemption. |
| Eligible Organizations | Livestock Producer, Commercial/Industrial Business, Residential, Small Business |
| How to Apply | Interested parties should file a tax exemption application with the appropriate city/town assessor’s office. |
| For More Information | http://www.orps.state.ny.us/assessor/manuals/vol4/part1/section4.01/sec487.htm |
| Primary Contact | Public Information Office of Real Property Services 16 Sheridan Avenue Albany, NY 12210-2714 (518) 486-5446 nysorps@orps.state.ny.us |
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