Policy Solution
Property tax rebate program
Incentive
Summary
Installing green and blue infrastructure can reduce the urban heat island effect as well as improve stormwater management. Property tax rebates can incentivize developers to build green and blue infrastructure.
Implementation
Establish a property tax rebate program for new properties or substantial rehabilitations that include green and blue infrastructure.
Considerations for Use
These investments are most likely to be made by developers or property owners of projects with substantial capital to invest.
Overview
Climate:
Cold, Hot/Dry, Hot/Humid, TemperatePolicy Levers:
IncentiveFinancial and non-financial incentives to encourage stakeholders to implement heat risk reduction and preparedness solutions, including rebates, tax credits, expedited permitting, development/zoning bonuses, and more.Trigger Points:
City planning processesIncludes city initiatives such as the development of climate action plan, pathway to zero-energy, master plan, transit plan, energy mapping etc.Intervention Types:
Planning/PolicySectors:
Buildings
Case Studies
Impact
Target Beneficiaries:
Property ownersPhase of Impact:
Risk reduction and mitigationMetrics:
Number and location of participating properties
Implementation
Intervention Scale:
City, State/ProvinceAuthority and Governance:
City government, State/provincial governmentImplementation Timeline:
Short-term (1-2 Years)Implementation Stakeholders:
City government, Private developers, Property owners and managersFunding Sources:
Public investmentCapacity to Act:
HighBenefits
Cost-Benefit:
LowPublic Good:
LowGHG Reduction:
N/ACo-benefits (Climate/Environmental):
N/ACo-benefits (Social/Economic):
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