NY Real Prop Tax L § 1202 (2021)
2021 New York Laws RPT - Real Property Tax Article 12 - State Equalization Title 1 - State Equalization Rates 1202 - Establishment of State Equalization Rates and Class Ratios and Class Equalization Rates.

§ 1202. Establishment of state equalization rates and class ratios and class equalization rates. 1. (a) Upon final completion of the assessment roll of each city, town and village, the commissioner shall inquire into and  ascertain  as  near as may be the percentage of full value at which taxable real property in such city, town or village is  assessed,  which percentage  as  finally  determined as provided in this article shall be the state equalization rate for such roll. In the case of a  city  in  a county having a county department of assessment with the power to assess real   property,   the   commissioner   also  shall  establish  a  state equalization rate for that portion of the  county  roll  containing  the assessments of taxable real property in such city.  (b)  In  the  case  of  special  assessing units as defined in section eighteen hundred one  of  this  chapter,  the  commissioner  shall  also ascertain for the purposes of article seven of this chapter the ratio of the  assessed  valuation  to the full valuation of taxable real property for each class of property established under article  eighteen  of  this chapter,  which  percentages  as  finally determined as provided in this article shall be the class ratios for each such class.  (c) In the case of special  assessing  units  as  defined  in  section eighteen  hundred  one  of this chapter and approved assessing units and eligible non-assessing unit villages which have adopted  the  provisions of  section nineteen hundred three of this chapter as defined in section nineteen hundred one of this chapter,  the  commissioner  shall  further ascertain,  for  the  purposes  of  section eighteen hundred three-a and subdivision three of section nineteen hundred three of this chapter, the percentage of full value at which taxable real property  in  each  class and  each  class  in each portion has been assessed, which percentage as finally determined as provided  in  this  article  shall  be  the  class equalization rate for such class or such class in such portion.   2.  In  establishing  state equalization rates, class ratios and class equalization  rates  the  commissioner  may,  in  its  discretion,  take testimony  and  hear proof under oath or otherwise, and may avail itself of all information appearing in its office or acquired in the  discharge of  its  duties  and  may employ experts or other persons to procure any information required for such purpose.   3. All state equalization rates,  special  equalization  rates,  class ratios  and  class  equalization  rates  established by the commissioner pursuant to law may be expressed to such number of decimal places as the commissioner may determine, provided that the number of  decimal  places shall  be uniform for all state equalization rates, special equalization rates,  class  ratios  and  class  equalization  rates  established  for assessment rolls completed in the same calendar year.   4. For purposes of this article, the assessment roll of a village that has  enacted a local law pursuant to the provisions of subdivision three of section fourteen hundred two of this chapter shall be the copy of the part of the town or county assessment roll used for village tax purposes subsequent to the enactment of such local law and the state equalization rate established by the commissioner for the town or  county  assessment roll  shall  be deemed to be the state equalization rate established for the village.   5. State equalization rates established by  the  commissioner  may  be based  upon  such market value survey or surveys as the commissioner may designate for that purpose, subject to the following:  (a) the market value survey or surveys so designated shall be  uniform for   state  equalization  rates  established  for  all  city  and  town assessment rolls completed in the same calendar year;  (b) for special assessing  units  and  approved  assessing  units  and eligible  non-assessing  unit villages which have adopted the provisions  of section nineteen hundred three of  this  chapter,  the  market  value survey  or  surveys  so  designated for class equalization rates for any assessment roll  shall  be  the  same  as  those  designated  for  state equalization rates for that assessment roll;  (c)  the  state equalization rate for the assessment roll of a village whose boundaries are coterminous with the boundaries  of  a  union  free school  district  shall  be  based  upon the same market value survey or surveys as the survey or surveys used for state equalization  rates  for city  and  town assessment rolls finally completed and filed in the same calendar year as the assessment roll of such village;  (d) the state  equalization  rate  for  a  village  other  than  those villages described in subdivision four of this section and paragraph (b) of  this subdivision shall be based upon the same market value survey or surveys used for the establishment of the state equalization rate of the appropriate town or county assessment roll.