[Adopted 6-2-2016 by L.L.
No. 2-2016; amended in its entirety 2-15-2018 by L.L. No. 3-2018]
Section 487 of the state Real Property Tax Law grants a fifteen-year
exemption from real property taxation of the increase in assessed
value attributable to the construction or installation of qualifying
solar energy systems, wind power systems, farm waste energy systems,
micro-hydroelectric energy systems, fuel cell electric generating
systems, micro-combined heat and power generating equipment systems,
or electric energy storage equipment and electric energy storage systems.
Real Property Tax Law § 487(8)(a) also authorizes a municipality
to opt out of granting that property tax exemption by adoption of
a local law. The Town of Wawarsing is substantially a residential
community, and the Town Board seeks to promote appropriate business
development. However, since the Town is substantially residential,
the Town Board seeks to protect the Town's tax base by adoption of
this article, which requires that solar energy system, wind power
systems, farm waste energy systems, micro-hydroelectric energy systems,
fuel cell electric generating systems, micro-combined heat and power
generating equipment systems, or electric energy storage equipment
and electric energy storage systems are subject to the payment of
Town taxes.
Notwithstanding the provisions of Subdivision (2) of Real Property
Tax Law § 487, no real property tax exemption of Town taxes
shall be granted to solar energy systems, wind power systems, farm
waste energy systems, micro-hydroelectric energy systems, fuel cell
electric generating systems, micro-combined heat and power generating
equipment systems, or electric energy storage equipment and electric
energy storage systems which began construction after the effective
date of this article.
