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 8186-3 - Special Equalization Rates And Changes In Level Of Assessment For Assessments, Ceilings, Exemptions And Apportionment Purposes › Section 8186-3.5 - Determination of special equalization rates and certification of changes in level of assessment for assessment purposes

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Upon receipt of parts 1 and 2 and, if
				  required, parts 6 and 7 of the assessor's report, the change in level of
				  assessment since the prior roll shall be determined. If there has been a
				  material change in level of assessment since the establishment of the final
				  State equalization rate for the prior roll, special equalization rates will be
				  established and change in level of assessment factors will be certified for the
				  following purposes:
(1) the determination of
				  agricultural value ceilings (Agriculture and Markets Law, section
				  305);
(2) the determination of the assessments of
				  county owned reforested lands (County Law, section
				  219);
(3) the determination of the
				  taxable assessed value of State-subsidized municipal housing authority property
				  (Public Housing Law, sections
				  52 and
				  73);
(4) the determination of eligible funds
				  veterans exemption (Real Property Tax Law, section
				  458)  and alternative veterans exemptions
				  (Real Property Tax Law, section
				  458 -a);
(5) the determination of the assessments of
				  industrial development agency railroad property (Real Property Tax Law, section
				  412-b);
(6) the determination of the assessments of
				  certain eligible forest lands (Real Property Tax Law, section
				  480);
(7) the determination of the amount of
				  exemption of certain eligible forest land (Real Property Tax Law, section
				  480 -a);
(8) the determination of the exempt amounts
				  for business investment exemptions (Real Property Tax Law, section
				  485-b);
(9) the determination of exempt amounts for
				  alteration and improvements to multiple dwellings in certain cities (Real
				  Property Tax Law, section
				  489);
(10) the determination of railroad ceilings
				  (Real Property Tax Law, sections
				  489-l,
				  489-j j);
(11) the adjustment of the assessed value of
				  certain taxable State land (Real Property Tax Law, sections
				  534,
				  542);
(12) the determination of the assessments of
				  oil and gas economic units (Real Property Tax Law, section
				  594);
(13) except for a special assessing unit, the
				  determination of special franchise assessments (Real Property Tax Law, section
				  606);
(14) the determination of residential
				  assessment ratios (Real Property Tax Law, section
				  738);
(15) the determination of base amounts for
				  the purpose of determining economic development zone exemptions (Real Property
				  Tax Law, section
				  485-e);
(16) the determination of the equalized value
				  of property for the purpose of small claims assessment review (Real Property
				  Tax Law, section
				  730);
(17) the determination of the equalized value
				  of property in New York City and the Counties of Dutchess, Nassau, Orange,
				  Putnam, Rockland, Suffolk and Westchester for the purpose of deciding
				  eligibility to receive an economic development power allocation (Economic
				  Development Law, section
				  187);
(18) the determination of the taxable
				  assessed value of State-subsidized municipal housing authority property and
				  turnkey/enhanced rental projects (Private Housing Finance Law, section
				  1106-h);
(19) the determination of exempt amounts for
				  reconstruction, alteration or improvement of residential buildings (Real
				  Property Tax Law, section
				  421-f); and
(20) the determination of exempt amounts for
				  historic barns exemptions (Real Property Tax Law, section
				  483-b).