Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question.
Q. I’m renovating my Hamptons home with green amenities. Will that help reduce my property tax bill?
A. Suffolk County, in which the Hamptons are located, does not offer property tax rebates or exemptions for energy-efficient updates, according to Christina Mathieson, a residential solar valuation expert and real estate agent with Keller Williams Points North in Woodbury, New York.
“The county itself was never one to offer property tax incentives,” said Ms. Mathieson, who has developed a green curriculum for other agents at Leap EDU, part of Hofstra University on Long Island. “It was always either the state of New York…or local utility.”
More: Will a Brookline, Massachusetts, Buyer Have to Pay an Increased Tax?
For example, the state of New York offers a one-time tax credit of $5,000 for those