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How does this new construction exclusion for solar energy systems work?

April 26, 2017Construction exclusion solar energy SYSTEMS

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How does this new construction exclusion for solar energy systems work?

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Generally when something of value is physically added to real property, the addition is assessed at current market value and this value is added to the existing base year value of the real property. When an active solar energy system is installed, it is not assessed, meaning that the existing assessment will not increase.