New York’s Real Property Tax Law § 499-bbb provides a property tax abatement for buildings that install green roofs. The standard abatement ranges from $4.50 to $15 per square foot of green roof, depending on the installation date and location, with higher incentives available for buildings in priority community districts. The benefit is capped at $200,000 per building and may be carried forward for up to five years. The program aims to promote sustainable infrastructure, particularly in areas prone to stormwater overflow and lacking green space.
Policy Details:
Citation:
N.Y. Real Prop. Tax Law § 499-bbb.
