Wind and solar tax formulas would set starting property values

Property tax calculations would use a starting value of $588,000 per megawatt of rated power. Covered wind devices generate electricity for commercial sale and have at least 0.5 megawatts of rated power. The starting value covers land and permanent improvements but excludes personal property. Inflation and age adjustments apply, with a floor of 30% of the inflation-adjusted starting value. If enacted, this amount would apply for tax year 2026 and later.

Property tax calculations would use a starting value of $446,000 per megawatt of rated power. Covered systems are ground-mounted and mainly generate electricity for sale rather than use on the property. The starting value covers the owner's interest in project land and permanent improvements. Inflation and age adjustments apply, with a floor of 30% of the inflation-adjusted starting value. If enacted, this amount would apply for tax year 2026 and later.