[Adopted 9-17-2013 by L.L. No. 5-2013]
The City of Oneonta herein adopts this article to provide that
certain improvements to real property meeting certification standards
for green buildings shall be exempt from taxation and special ad valorem
levies as set forth herein and accordance with the provisions of § 470
of the New York State Real Property Law.
A.
Construction
of improvements to real property meeting LEED certification standards
for green buildings as provided in this section, the Green Building
Initiative's Green Globes Rating System, the American National Standards
Institute, or other substantially equivalent standards for certification
using a similar program for green buildings shall be exempt from taxation
to the extent provided in this section.
B.
Such real
property, or portion thereof, which is certified under a LEED certification
standard for the categories of certified silver, gold or platinum
as meeting green building 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 Assessor's office and is approved
by the Assessor as meeting the requirements of this section and the
municipal corporation's local law, ordinance or resolution. 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%
|
C.
No such
exemption shall be granted unless:
(1)
Such
construction of improvements was commenced on or after the September
1, 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. For purposes of this section the term "construction
of improvements" shall not include ordinary maintenance and repairs.
D.
If the
Assessor is satisfied that the applicant is entitled to an exemption
pursuant to this section, he or she shall approve the application,
and such real property shall thereafter be exempt from taxation by
the municipal corporation as provided in this section commencing with
the assessment roll prepared after the taxable status date. The assessed
value of any exemption granted pursuant to this section shall be entered
by the Assessor on the assessment roll with the taxable property,
with the amount of the exemption shown in a separate column.