[Adopted 12-20-2018 by L.L. No. 6-2018[1]]
[1]
Editor's Note: This local law was readopted 2-17-2021 as L.L. No. 4-2021
This article shall hereafter be known as the "Town of Wallkill Solar and Wind Energy Real Property Tax Exemption Opting Out Law of 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, and farm waste energy 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 Wallkill wishes to protect the Town's tax base by adoption of this article, which requires that solar energy systems, wind power systems and farm waste energy systems are subject to the payment of Town taxes.
This article is enacted pursuant to Subdivision (8) of § 487 of the Real Property Tax Law of the State of New York.
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 or farm waste energy systems which began construction after the effective date of this article.