Nevada Property Tax Abatement for Green Buildings

Non-residential buildings and multi-family residential buildings that earn certification under the United States Green Building Council’s Leadership in Energy and Environmental Design (LEED*) program may be eligible for a partial abatement of property taxes.

State: Nevada
Incentive Type: Property Tax Incentive
Eligible Efficiency Technologies: Comprehensive Measures/Whole Building
Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Geothermal Electric, Daylighting, Anaerobic Digestion, Small Hydroelectric
Applicable Sectors: Commercial, Industrial, Multi-Family Residential
Amount: LEED Silver: 25% reduction of the property tax payable each year for 5 – 10 years
LEED Gold: 25% – 30% reduction of the property tax payable each year for 5 – 10 years
LEED Platinum: 25% – 35% reduction of the property tax payable each year for 5 – 10 years
Equipment Requirements: Buildings must earn either Silver, Gold or Platinum certification under the LEED Green Building Rating System and earn at least 3 points for energy conservation.
Start Date: 12/4/2007
Web Site: http://energy.state.nv.us/energy-efficiency/green-building-abatem
Authority 1:
Date Enacted:
NRS § 701A.110 (amended in 2007)
6/17/2005
Authority 2:
Date Enacted:
Date Effective:
NAC § 701A.010, et seq.
12/4/2007
12/4/2007

As directed by the statutes, the Director of the Office of Energy, through Adopted Regulation R116-07, selected the LEED rating system, but with specific requirements for energy conservation. To qualify for the tax abatement, buildings must earn at least three points for energy conservation through the LEED rating system. More valuable abatements are awarded to buildings which earn more energy conservation points as demonstrated in the table below.

LEED Certification Level 1 – 2 points for Energy Conservation 3 points for Energy Conservation 4 points for Energy Conservation 5 points for Energy Conservation 6 points for Energy Conservation 7 points for Energy Conservation 8 points for Energy Conservation
Silver No abatement 25% abatement for 5 years 25% abatement for 6 years 25% abatement for 7 years 25% abatement for 8 years 25% abatement for 9 years 25% abatement for 10 years
Gold No abatement 25% abatement for 5 years 25% abatement for 6 years 30% abatement for 7 years 30% abatement for 8 years 30% abatement for 9 years 30% abatement for 10 years
Platinum No abatement 25% abatement for 5 years 25% abatement for 6 years 30% abatement for 7 years 30% abatement for 8 years 30% abatement for 9 years 35% abatement for 10 years

Once a project has its letter of verification from the Director of the Office of Energy, indicating that the building has earned a Silver or higher certificate, the Department of Taxation, the County Assessor, the County Treasurer, and the Commission on Economic Development will be notified. The property tax abatement can not be applied to any taxes imposed for public education, or any buildings that receive funding from any governmental entity in Nevada for the acquisition, design or construction of the building.

*Click here for more information on the United States Green Building Council’s Leadership in Energy and Environmental Design (LEED) Green Building Rating System.

Contact:
Public Information
Nevada Department of Taxation
Division of Assessment Standards
1550 College Parkway Suite 115
Carson City, NV 89706
Phone: (775) 684-2100
Fax: (775) 684-2020
Web Site: http://tax.state.nv.us/DOAS_MAIN.htm

Lorayn Walser
Nevada State Office of Energy
755 North Roop Street, Suite 202
Carson City, NV 89701
Phone: (775) 687-1850 Ext.7308
Fax: (775) 687-1869
E-Mail: lwalser@energy.nv.gov
Web Site: http://energy.state.nv.us

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