2023 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.