NY Real Prop Tax L § 534 (2021)
2021 New York Laws RPT - Real Property Tax Article 5 - Assessment Procedure Title 2 - Assessment and Taxation of Certain State Lands 534 - Certain State Lands Subject to Taxation for All Purposes Except County Purposes.

§ 534. Certain state lands subject to taxation for all purposes except   county  purposes. 1. Lands owned by the state acquired for reforestation   purposes pursuant to section 9-0501 of  the  environmental  conservation   law  shall  be  subject  to  taxation  for  all  purposes  except county   purposes.2. Such lands shall be valued as if privately owned  and  assessed  in   accordance  with  subdivision  one  of section five hundred forty-two of   this article.3. Lands not otherwise subject to taxation  and  owned  by  the  state   acquired for reforestation or multiple use purposes with monies from the   park  and  recreation  land acquisition bond act of 1960 where the total   acreage of such property or properties in  any  assessing  unit  exceeds   three thousand acres and comprises at least nine and one-half percent of   the  acreage of such assessing unit shall be subject to taxation for all   except county purposes.a. State lands subject to taxation pursuant to the provisions of  this   subdivision  shall be valued as if privately owned and shall be assessed   in accordance with subdivision one of section five hundred forty-two  of   this article.b.  The  commissioner shall annually transmit to the assessors of each   assessing unit containing such state lands subject to taxation,  and  to   town  or  county  assessors who prepare a copy of the applicable part of   the town or county assessment roll for village tax purposes as  provided   in  subdivision  three  of section fourteen hundred two of this chapter,   for each such village containing such state lands subject to taxation an   assessment form containing a list of all  such  lands  therein.  In  the   transmittal  of  such  form,  the board shall notify the assessor of the   date as of which the state lands are  to  be  valued.  Such  date  shall   conform  to  the  date which is the basis of the state equalization rate   established pursuant to section twelve hundred two of this  chapter  and   required  to  be  used  to  determine the assessment of such state lands   pursuant to this subdivision.c. Upon receipt of the assessment form containing the  list  of  state   lands  subject  to taxation, the assessor shall provide the commissioner   with initial assessments of such state lands. The assessor shall  return   to   the   commissioner  the  original  assessment  form,  any  proposed   corrections  to  the  inventory  or  description  of  such  lands,   the   assessor's estimate of the value of such state lands determined pursuant   to   paragraph   a  of  this  subdivision  and  the  assessor's  initial   assessments  of  such  lands,  at  the  uniform  percentage   of   value   established by the commissioner as the latest state equalization rate or   special equalization rate for the assessing unit.d.  The commissioner shall review any initial assessment of such state   land subject to taxation. Such review may include a physical  inspection   of  the property, an appraisal, a comparison of sales data, or any other   technique relevant to valuation. Following such review, the commissioner   may  accept,  reject  or  modify  the  initial  assessment.  Where   the   commissioner accepts the initial assessment, it shall establish the same   as   the  final  assessment  and  so  notify  the  assessor.  Where  the   commissioner modifies  or  rejects  the  initial  assessment,  it  shall   substitute  a  preliminary  assessment  and  so notify the assessor. For   information purposes, the  commissioner  shall  provide  copies  of  all   notices  issued  pursuant  to  this  subdivision  to the appropriate tax   levying bodies of each municipal corporation  which  levies  taxes  upon   such state lands.e.  Following  receipt  of  such  list of preliminary assessments, the   assessing authority may submit proposed corrections to such list to  the    commissioner,  together  with  such  supporting  documentation as may be   required by the commissioner.f.  The  commissioner  shall,  after  review  of  such  documentation,   promulgate a final assessment for each such parcel and transmit  a  list   of  such final assessments to the appropriate assessing authority, which   shall then enter such assessments on the final assessment roll for  such   assessing unit.g.  In  instances where the assessor does not provide the commissioner   with initial assessments, the  commissioner  shall  promulgate  a  final   assessment for each parcel and transmit a list of such final assessments   to   the   appropriate  assessing  authority,  which  shall  enter  such   assessments on the final roll of such assessment unit.h. The commissioner shall promulgate rules and regulations,  including   forms  and  dates  for  filings, to implement the procedures provided in   this subdivision.i. Any final assessment promulgated by the  commissioner  pursuant  to   paragraph  f hereof shall be subject to review in a proceeding commenced   by the appropriate assessing authority pursuant to article seventy-eight   of the civil practice law and rules.