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Local Option - Property Tax Assessment for Energy Efficient Buildings

Last Review: 2013-04-22
Incentive Type: Property Tax Incentive
Eligible Efficiency Technologies: Comprehensive Measures/Whole Building
Applicable Sectors: Commercial
Website:

Summary:

In March 2008, Virginia enacted legislation that would allow local jurisdictions to assess the property tax of energy efficient buildings at a reduced rate. Under this law, eligible energy-efficient buildings, not including the real property on which they are located, may be considered a separate class of property for local taxation purposes. Accordingly, the governing body of any county, city or town may, by ordinance, allow a special assessment of the property taxes for this class of property.

An energy-efficient building is defined as any building that exceeds the energy efficiency standards of the Virginia Uniform Statewide Building Code by 30%; meets performance standards of the Green Globes Green Building Rating System, the Leadership in Energy and Environmental Design (LEED) System or the EarthCraft House Program; or qualifies as an Energy Star home under federal Energy Star criteria.

Among the communities that have enacted an ordinance implementing this law include:

  • City of Charlottesville (see Charlottesville's city code, Chapter 30, Article V, Division 4 for more information)
  • County of Spotsylvania (see Ordinance No. 21-63 for more information on the five-year county tax exemption for energy efficient buildings)
  • City of Virginia Beach (see Virginia Beach's Real Estate Assessments, Special Tax Rate, for more information)

Contact:
Taxpayer Assistance - Virginia
Virginia Department of Taxation
PO Box 1880

Richmond, VA 23218-1880
Phone:(804) 367-8031 Ext.
Phone 2:()
Email: tax-busqtns@state.va.us
Web site: http://www.tax.virginia.gov/

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