N.Y. Real Property Tax Law § 487-a: Exemption from taxation of conservation improvements to certain residential premises

§ 487-a. Exemption from taxation of conservation improvements to

certain residential premises. Insulation and other energy conservation

measures hereafter added to one, two, three or four family homes, which

qualify for (a) financing under a home conservation plan pursuant to

article VII-A of the public service law, or (b) any conservation related

state or federal tax credit or deduction heretofore or hereafter

enacted, shall be exempt from real property taxation and special ad

valorem levies to the extent of any increase in value of such homes by

reason of such addition.