N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 8186-15.7

Current through Register Vol. 46, No. 50, December 11, 2024

Section 8186-15.7 - Certain sample parcel appraisal objections

(a) In reviewing an objection to an appraisal, if ORPTS determines that notwithstanding a complaint that the appraised value is too high, that such value should be higher, or, notwithstanding a complaint that the appraised value is too low, that such value should be lower, the value shall not be changed for purposes of the computation of the State equalization rate, class equalization rate or class ratios for that year. The appraised value of such sample parcel may be changed in the market value survey or surveys for purposes of any future computations based in whole or in part upon such survey or surveys.

(b) In reviewing an assertion that an aggregate full value, full value estimate for a major type, or level of assessment for an assessment roll or a major type is incorrect, if ORPTS determines that notwithstanding a complaint that the aggregate full value, full value estimate for a major type, or level of assessment for an assessment roll or a major type is too high, that such number should be higher, or, notwithstanding a complaint that the aggregate full value, full value estimate for a major type, or level of assessment for an assessment roll or a major type is too low, that such number should be lower, the number shall not be changed for purposes of the computation of the State equalization rate, class equalization rate or class ratios for that year. The determinations made in reviewing such a complaint may be changed in the market value survey for purposes of any future computations based in whole or in part upon such survey or surveys or in the conduct of another market value survey.