New York Codes, Rules and Regulations › Title 20 - DEPARTMENT OF TAXATION AND FINANCE › Chapter XVI - Real Property Tax Administration › Part 8186 - State Equalization Rates, Ratios And Adjustments › Subpart 8186-9 - Adjusted Base Proportions For Special Assessing Units › Section 8186-9.8 - Special procedures for a new portion or portion class

Current through Register Vol. 46, No. 28, July 10, 2024
Notwithstanding any provision in this Subpart to the
					 contrary, where there was no taxable real property in a portion class on the
					 1989 assessment roll, and taxable real property appears in the portion class on
					 a subsequent assessment roll, the adjusted base proportions shall be determined
					 as provided herein. When a new portion is created, each class within the
					 portion will be considered a new portion class.
(a) For the first assessment roll on which
				  the portion class appears, the following applies.
(1) The current base proportion for the new
				  portion class is zero.
(2) The
				  adjusted base proportion for the portion class is the current base proportion
				  adjusted for physical change as follows:
(i)
				  Determine the market value of the new portion class in the following manner:
(a) Multiply the special assessing unit class
				  equalization rate for the appropriate class on the assessment roll immediately
				  preceding the roll on which the new class first appears by the special
				  assessing unit class change in level of assessment factor determined between
				  the assessment roll immediately preceding the roll on which the portion class
				  first appears and the assessment roll on which the portion class first
				  appears.
(b) Divide the taxable
				  assessed value of the new portion class on the assessment roll on which the new
				  portion class first appears by the rate determined in clause (a) of this
				  subparagraph.
(ii)
				  Determine the market value of the existing classes in the portion in the
				  following manner:
(a) Multiply the class
				  equalization rate for each portion class on the assessment roll immediately
				  preceding the assessment roll on which the new portion class first appears by
				  the appropriate class change in level of assessment factor as determined in
				  section
				  8186-9.5(b) 
				  of this Subpart.
(b) Divide the
				  taxable assessed value of each class on the assessment roll on which the new
				  portion class first appears by the appropriate rate determined in clause (a) of
				  this subparagraph.
(iii)
				  Sum the market values obtained in subparagraphs (i) and (ii) of this
				  paragraph.
(iv) Divide the class
				  market value obtained in subparagraph (i) of this paragraph by the sum of the
				  market values obtained in subparagraph (iii) of this paragraph. The quotient
				  obtained, expressed as a percentage to at least four decimal places to the
				  right of the decimal point, is the adjusted base proportion for the new portion
				  class.
(3) The adjusted
				  base proportions for the classes other than the new portion class are
				  determined in accordance with the procedures described in section
				  8186-9.5 
				  of this Subpart except for the following adjustment:
(i) Subtract the adjusted base proportion for
				  the new portion class determined in subparagraph (2)(iv) of this subdivision
				  from one.
(ii) Prorate the adjusted
				  base proportions of the remaining classes by dividing the difference obtained
				  in subparagraph (i) of this paragraph by 100 and then multiplying each class
				  adjusted base proportion, other than the new portion class, by the
				  quotient.
(iii) The products
				  obtained in subparagraph (ii) of this paragraph, expressed as percentages to at
				  least four places to the right of the decimal point, are the adjusted base
				  proportions. The sum of the adjusted base proportions obtained in subparagraph
				  (ii) of this paragraph plus the adjusted base proportion for the new portion
				  class must equal one.