02/20/2024 Assessment Community Weekly

Final reminder: Draft 2024 solar and wind appraisal model available for public comment

On Thursday, December 28, 2023, the Department of Taxation and Finance published a draft 2024 solar and wind appraisal model for public comment. The draft model is available at Appraisal methodology for solar and wind energy projects along with instructions.
 
We will accept comments on the draft 2024 model through February 27, 2024. You can email comments to renewables.model.comments@tax.ny.gov. The department will review and consider all timely comments and then publish a final model to be used for 2024 assessment rolls.

Summary of changes

• Net energy metering projects are incorporated into the model.
• Market transition credits/community credits and community adders now default to the highest credit amount unless overridden by the user.
• Revenue forecasts, expense forecasts, and discount rates have been updated.

Final reminder: February 21 is the last day to submit your LOA for early determination

Do you think your level of assessment should be accepted as the 2024 equalization rate and residential assessment ratio for your municipality?

If your major type A (residential) ratio is within 5% of your overall ratio, you should consider submitting your LOA for an early determination.

If you believe you qualify and your tentative roll date is May 1, submit your 2024 LOA to your ORPTS customer service team by Wednesday, February 21.

New Judicial case

We've added Breitman v Tax Commn. of the City of N.Y. to new Judicial cases.