Energy Facility Real Property Classification

Currently, the location of a small or low impact hydroelectric energy facility, a geothermal energy facility, a biomass energy facility, a wind energy facility, or a solar energy facility on real property does not affect the classification of that real property for purposes of determining the actual value of that real property. As a result, a county assessor cannot use the location of the facility as a basis for reclassifying the real property. The bill creates an exception to this requirement for real property that, immediately prior to the location of the facility, was classified as agricultural. Therefore, an assessor will be able to consider the location of the facility when determining whether the real property should be reclassified.
(Note: This summary applies to this bill as introduced.)