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Energy Conservation Improvements Property Tax Exemption

Last Review: 2013-02-19
Incentive Type: Property Tax Incentive
Eligible Efficiency 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
Applicable Sectors: Residential
Incentive Amount: 100% of the value added to the residence by the improvements
Website: http://www.tax.ny.gov/research/property/assess/manuals/vol4/pt1/sec4_01/sec487_a.htm


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 federal energy efficiency tax credit can be applied to energy efficient central air conditioners, electric heat pump water heaters, natural gas, propane, or oil water heaters, advanced main air circulating fans, and certain biomass-fueled stoves. In addition, the state Tax Assessor's Manual also specifically identifies solar and wind energy systems as eligible for the exemption.

Public Information Officer
Office of Real Property Tax Services
WA Harriman State Campus

Albany, NY 12227
Phone:(518) 591-5232 Ext.
Phone 2:()
Email: orpts.mail@tax.ny.gov
Web site: http://www.tax.ny.gov/about/orpts/regions.htm


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