[Adopted 12-4-2012 by L.L. No. 7-2013]
This article implements § 470 of the New York Real
Property Law by granting a real property exemption for improvements
to real property located in the County of Suffolk which meets LEED
certification standards for green buildings.
A.
Real property, which is certified under a LEED certification standard
for the categories of certified, silver, gold or platinum as meeting
green buildings standards, as determined by a LEED-accredited professional,
shall be exempt as provided below for the respective percentages,
provided that a copy of the LEED certification for a qualified category
is filed with the appropriate Assessor's office and is approved by
the Assessor as meeting the requirements of § 470 of the
New York Real Property Tax Law and this article. Such exemption shall
be to the extent of any increase in assessed value resulting from
the construction or reconstruction of a property meeting LEED certification.
|
LEED Exemption
| ||||
|---|---|---|---|---|
|
Year
|
Certified/Silver
|
Gold
|
Platinum
| |
|
1
|
100%
|
100%
|
100%
| |
|
2
|
100%
|
100%
|
100%
| |
|
3
|
100%
|
100%
|
100%
| |
|
4
|
80%
|
100%
|
100%
| |
|
5
|
60%
|
80%
|
100%
| |
|
6
|
40%
|
60%
|
100%
| |
|
7
|
20%
|
40%
|
80%
| |
|
8
|
0%
|
20%
|
60%
| |
|
9
|
0%
|
0%
|
40%
| |
|
10
|
0%
|
0%
|
20%
| |
B.
No such exemption shall be granted unless:
(1)
Such construction of improvements was commenced on or after the first
day of January, 2013;
(2)
The value of such construction exceeds the sum of $10,000; and
(3)
Such construction is documented by a building permit, if required,
for the improvements, or other appropriate documentation as required
by the Assessor.
C.
For the purpose of this article, the term "construction of improvements"
shall not include ordinary maintenance and repairs.
If the Assessor is satisfied that the applicant is entitled
to an exemption pursuant to this article, he or she shall approve
the application and such real property shall thereafter be exempt
from taxation as provided in this article commencing with the assessment
roll prepared after the taxable status date. The assessed value of
any exemption granted pursuant to this article shall be entered by
the Assessor on the assessment roll with the taxable property, with
the amount of this exemption shown in a separate column.
