Property tax assessment incentives for green building: A review

S.A.A. Shazmin, I. Sipan and M. Sapri

Renewable and Sustainable Energy Reviews, 2016, vol. 60, issue C, 536-548

Abstract: The development of green building has received the attention of various levels of government around the globe, including from local authorities. There are two main categories of incentives provided by local authorities as a means of encouraging the development of green building, which include financial and structural incentives. It has been found that financial incentives, in particular property tax assessment incentives, have been widely adopted by several Commonwealth countries around the globe including Spain, Romania, Italy, Bulgaria, the United States, Canada, Malaysia and India. The practice of providing property tax assessment incentives within the green building field has been empirically documented by several researchers, in order to encourage the growth of numbers of green building instances at a local level. However, no comprehensive academic study has been conducted to review the effect of this incentive on the development of green building. Therefore the purpose of this study has been to review and discuss the available models and bases adopted, in order to develop this incentive. There are three types of property tax assessment incentive models that have been identified as available for encouraging the development of green building, which include reductions, exemptions and rebates. These incentives were developed based on four identified bases, which specifically include the increased amounts of property tax assessments of completed green buildings, the costs of green components, the rate imposed on property tax assessments, and the level of green certification. The findings identified that most property tax assessment incentive models regarding green buildings were developed on the basis of the value of green components, specifically the increased amount of property tax assessments of green buildings, and the costs of green components.

Keywords: Property tax assessment; Local authority; Incentive; Initiative; Green building; Encourages green buildings (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032116001118
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:60:y:2016:i:c:p:536-548

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2016.01.081

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().