Legislation

Search OpenLegislation Statutes

The Laws of New York
Consolidated Laws of New York
CHAPTER 50-A
Real Property Tax
ARTICLE 4
Exemptions
TITLE 5
Assessment Ceilings For Local Public Utility Mass Real Property
previous
SECTION 499-LLLL
Local public utility mass real property value
up
TITLE 5
Assessment Ceilings For Local Public Utility Mass Real Property
next
SECTION 499-NNNN
Equalization rate
This entry was published on 2022-05-06
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 499-MMMM
Equitable ratio of assessment
Real Property Tax (RPT) CHAPTER 50-A, ARTICLE 4, TITLE 5
* § 499-mmmm. Equitable ratio of assessment. The commissioner and any
assessing authority shall be prohibited from assessing local public
utility mass real property at a value that has a higher ratio to the
full value of the local public utility mass real property than the ratio
of assessed value of other real property in the same assessment class
and jurisdiction to its full value, as provided in section three hundred
five of this chapter.

* NB Repealed January 1, 2027