Energy Conservation Improvements Property Tax Exemption (New York)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place New York

Name Energy Conservation Improvements Property Tax Exemption
Incentive Type Property Tax Incentive
Applicable Sector Residential
Eligible Technologies Equipment Insulation, Water Heaters, Furnaces, Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Solar Water Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount 100% of the value added to the residence by the improvements


























Program Administrator New York State Office of Real Property Tax Services
Website http://www.tax.ny.gov/research/property/assess/manuals/vol4/pt1/sec4_01/sec487_a.htm
Date added to DSIRE 2006-06-12
Last DSIRE Review 2013-02-19



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

Qualifying energy-conservation improvements to homes are exempt from real property taxation to the extent that the addition would increase the value of the home. The exemption includes general municipal property taxes, school district taxes, and special ad valorem taxes, but does not apply to special assessments. Eligible properties include single-family to four-family dwellings. The exemption applies directly to a variety of equipment and measures, but the statute also states that any conservation-related state or federal tax credit or deduction is also exempt from New York's property tax under this statute. The state Tax Assessor's Manual also specifically identifies solar and wind energy systems as eligible for the exemption.


Incentive Contact

Contact Name Public Information Officer
Department Office of Real Property Tax Services

Address WA Harriman State Campus

Place Albany, New York
Zip/Postal Code 12227
Phone (518) 591-5232


Email orpts.mail@tax.ny.gov
Website http://www.tax.ny.gov/about/orpts/regions.htm
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: NY CLS Real Property Tax Law §487-a

Date Enacted 1977



















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"