New York S08012 amends the real property tax law to include additional considerations for assessing solar or wind energy systems.

New York S08012 amends the real property tax law to include additional considerations for assessing solar or wind energy systems. The bill mandates that the New York State Department of Taxation and Finance consult with the New York State Assessors Association when formulating the appraisal model and discount rate. It also requires the department to consider economic and cost characteristics of solar and wind energy systems located in different geographic regions of the state.

New York S08012 amends the real property tax law to include additional considerations for assessing solar or wind energy systems.

New York S08012 amends the real property tax law to include additional considerations for assessing solar or wind energy systems. The bill mandates that the New York State Department of Taxation and Finance consult with the New York State Assessors Association when formulating the appraisal model and discount rate. It also requires the department to consider economic and cost characteristics of solar and wind energy systems located in different geographic regions of the state.