“The Southold Town Board took a formal stand last Tuesday against proposed changes to the state’s Real Property Tax Law that would drastically change how property is assessed for renewable energy facilities.
“It’s really going to take [assessment] out of the hands of the towns and the main concern is that it’s going to take [properties] off the assessment rolls,” Board of Assessors chair Kevin Webster explained at a work session.
Current state law allows for a 15-year tax exemption for renewable energy projects and a provision in the law allows local governments to opt out of the exemption and instead require a payment in lieu of taxes, or PILOT agreement, that can benefit towns and other special taxing districts, including school districts.”
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Smith, Tara. The Suffolk Times