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Tiana Zartman
Post count: 5

Good question. Because, according to the legislation, “…all assessments of real property with renewable energy resources thereon shall revert to the last assessed value immediately prior to the renewable developer’s purchasing, leasing, securing an option to purchase or lease, or otherwise acquiring any interest in the real property.”

So sounds like you have to revert the value to the prior assessed value before they bought it and had an interest in it. I have a call into my solicitor in regards to this (considering it might be a value that’s not even current and could be a previous revaluation cycle value).