NY A04711

Authorizes towns, cities, and villages (excluding New York City) to offer property tax exemptions for homes in certified green development neighborhoods through local law adoption after a public hearing

Defines "green development neighborhood" as a subdivision of 1-3 family homes with LEED-ND or NGBS green land development certification, where all residences must be built to certified silver or better standards through deed restrictions

Allows counties and school districts to also exempt qualifying properties from their taxes once a municipal corporation adopts the exemption

Exempts the increase in assessed value from taxation for up to 10 years per parcel, with the specific exemption percentage and duration determined by local law

Requires property owners to apply using a state-prescribed form and submit green certification documentation to the assessor by the taxable status date