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10/18/2014 Assessor' s Manual, Volume 4, Exemption Administration

http://www.tax.ny.gov/research/property/assess/manuals/vol4/pt1/sec4_01/sec487_a.htm 1/2
Assessor's Manual, Volume 4, Exemption Administration
Exemption Administration Manual - Part 1
Residential - Other Than Multiple Dwellings
Section 4.01 - RPTL Section 487-a
Energy Conservation Improvements to
Certain Residential Premises
Exemption Code(s): 49510 Year Originally Enacted: 1977
Related Statutes: Pub Serv L 135-b
SUMMARY: Energy conservation measures added to a one-, two-, three-, or four-family home that qualify for (1)
financing under a home conservation plan pursuant to Pub Serv L Article VII-A or (2) any conservation-related state or
federal tax credit or deduction are exempt from taxation and special ad valorem levies to the extent of any increase in the
property's assessed value resulting from the installation of such measures. Such property is liable for special
assessments.
A. ELIGIBILITY REQUIREMENTS
1. Ownership Requirements: Property must be owned by a private individual or organization.
2. Property Location Requirements: None.
3. Property Use Requirements: Eligible improvements include those qualifying for financing under a home
conservation plan pursuant to Pub Serv L Article VII-A: caulking and weatherstripping of all exterior doors
and windows; furnace efficiency modifications; furnace and boiler retrofits; furnace and boiler replacements,
provided that such replacements meet minimum efficiency standards; heat pumps that meet minimum
efficiency standards; clock thermostats; ceiling, attic, wall, foundation, air duct, heating pipe, and floor
insulation; hot water heater insulation; storm and thermal windows and doors; solar and wind systems; load
management devices and energy use meters, together with associated wiring. Also eligible are any
improvements qualifying for any conservation-related state or federal tax credit or deduction.
4. Certification by State or Local Government: None required.
5. Required Construction Start Date or Other Time Requirement: None.

B. LOCAL OPTION: No.

C. LIMITATION ON EXEMPTION:
General
Municipal
Taxes
School
District
Taxes
Special
Ad Valorem
Tax
Special
Assessments
1. Amount Yes* Yes* Yes* No
exemption
allowed
2. Duration No
limit
No
limit
No
limit
No
exemption
allowed
3. Taxing Jurisdiction a. County or County
Special Districts
Ex NA Ex Tax
The New York State
Department of Taxation and Finance
Andrew M. Cuomo - Governor Thomas H. Mattox - Commissioner
10/18/2014 Assessor' s Manual, Volume 4, Exemption Administration
http://www.tax.ny.gov/research/property/assess/manuals/vol4/pt1/sec4_01/sec487_a.htm 2/2
The New York State
Department of Taxation and Finance
b. City Ex NA NA Tax
c. Town or Town
Special District
Ex NA Ex Tax
d. Village Ex NA NA Tax
e. School District NA Ex NA NA
Ex-Exempt Tax-Taxable NA-Not Applicable
* Amount limited to any increase in the property's assessed value due to the installation of energy conservation
measures.
D. PAYMENTS IN LIEU OF TAXES: None required.

E. CALCULATION OF EXEMPTION:
1. General Municipal and School District Taxes: Increase in assessed value due to installation of energy
conservation measures.
2. Special Ad Valorem Levies and Special Assessments:
Special Ad Valorem Levies: Increase in assessed value due to installation of energy conservation
measures.
Special Assessments: No exemption allowed.
F. CODING OF EXEMPTION ON ASSESSMENT ROLL:
Code Description of Alternative Codes Possible
49510
Assessment Roll Section(s): Taxable (RPS Section 1).
NOTE: This code should not be used to identify property that is exempt under any of the statutes listed under
Similar Exemptions below. For coding of such property, see the Exemption Profile for the statute that applies.
G. FILING REQUIREMENTS (Owner or Occupant of Property): None.

H. REPORTING REQUIREMENTS (Assessor): None.

I. SIMILAR EXEMPTIONS:
Subject Statute
Solar, wind, or farm waste energy systems RPTL 487
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