100% Of System Value Exempted from Property Tax for Wind Farms
Pennsylvania enacted legislation in November 2006 providing that wind turbines and related equipment (including towers and foundations) may not be counted by tax assessors when setting property values. However, the law states that the valuation of real property used for the purpose of wind-energy generation "shall be developed by the county assessor utilizing the income capitalization approach to value." This valuation is determined by the capitalized value of the land-lease agreements, supplemented by a sales comparison data approach as deemed necessary by county assessors. Lessees or lessors must provide relevant, non-proprietary lease and lease-income information to county assessors by September 1 of each year. Contact: Public Information – PA DOR, Pennsylvania Department of Revenue, Taxpayer Service & Information Center, P.O. Box 280610, Harrisburg, PA 17128-0610; 717-787-1064; 717-787-8201; http://www.revenue.state.pa.us/
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