N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 8186-26.1

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

Section 8186-26.1 - Definitions

In addition to the definitions set forth in former 9 NYCRR section 186-1.1, as repealed in 1998 and set forth in section 8185-1.1 of this Title and sections 1801 and 1901 of the Real Property Tax Law, when used in this Subpart:

(a) Class denominator reldev is the projected average estimated reldev for each sample class type derived from prior survey results.

(b) Class difficulty index is the square root of the ratio of the projected sample class estimated reldev to the class denominator reldev.

(c) Cost factor is a multiplier reflecting the relative cost of an average appraisal in an ordinary class in terms of the cost of a vacant land appraisal.

(d) Indexed class ratio is the ratio projected for each sample class, for classification purposes only, by adjusting a prior survey derived composite sample class ratio to the base year roll assessment level and survey valuation date market value level, and indexing the results for class type differences.

(e) Large unit means:

(1) a parcel or economic unit not in the utility class which constitutes:

(i) two percent or more of the total assessed value on the classified roll of a municipality;

(ii) ten percent or more of the total assessed value of a sample class which includes more than 14 parcels on the classified roll of a municipality.

(f) Major type of taxable real property or major type means a survey class which is sampled.

(g) Municipality means a city, a town, a village homestead assessing unit or a village school assessing unit.

(h) Ordinary class means any survey class other than the utility class.

(i) Reldev is an adjustment factor based on previous class sampling error which shows the relative difficulty of sampling classes. A reldev is computed by multiplying the CV of an estimate by the square root of the sample size.

(j) Sample class means the part of an ordinary class composed of the "S" intervals only. Excluded from a sample class are large units ("T" intervals), unsampled intervals ("U" intervals) and the utility class.

(k) Segment survey assessing unit means a city or town, which is not a homestead assessing unit, for which one or more segments are survey units for the purpose of determining actual valuation pursuant to section 3602 of the Education Law or for tax apportionment.

(l) Special survey is a survey conducted upon a segment, as defined in Subpart 8186-5, and which is done independent of the city or town market value survey. For the purposes of this Subpart a special survey shall be considered a municipality.

(m) Survey class means:

(1) For the City of New York or a municipality for which the market value survey is conducted upon a portion of the assessment roll of the County of Nassau, each survey class corresponds in whole or in part to one of the four real property classes defined in former 9 NYCRR section 190-3.1(e), as repealed in 1998 and set forth in sections 1801 and 1802 of the Real Property Tax Law as follows:

(i) class 1A, which designates the real property in class one which is not subject to the assessment limitations of section 1805 (1) of the Real Property Tax Law;

(ii) class 1B, which designates the real property in class one which is subject to the assessment limitations of section 1805 (1) of the Real Property Tax Law;

(iii) class 2A, which designates the real property in class two which is not subject to the assessment limitations of section 1805 (2) of the Real Property Tax Law;

(iv) class 2B, which designates the real property in class two which is subject to the assessment limitation of section 1805 (2) of the Real Property Tax Law;

(v) class 3, which designates all real property in class three; and

(vi) class 4, which designates all real property in class four.

(2) For any other municipality, each survey class corresponds to exactly one of the following:

(i) class A, which designates all residential real property other than apartment, except that for a homestead assessing unit, class A designates the homestead class as defined by former 9 NYCRR section 190-4.1, as repealed in 1998 and set forth in section 1901 of the Real Property Tax Law;

(ii) class B which designates commercial, apartment and industrial property; except that for a homestead assessing unit, class B designates commercial, apartment and industrial property, and residential property not in class A;

(iii) class C, which designates vacant and farm property; and

(iv) class D, which designates utility real property.

(n) Utility class means a survey class which designates utility real property.

(o) Utility real property means utility real property as defined by former 9 NYCRR section 190-3.1, as repealed in 1998 and set forth in section 1801 of the Real Property Tax Law; provided, that except for the City of New York or a municipality for which the market value survey is conducted upon a portion of the assessment roll of the County of Nassau, utility real property also means railroad real property as defined in section 489-b (3) or section 489-bb (3) of the Real Property Tax Law which is not partially exempt from taxation pursuant to section 489-d or 489-dd of that Chapter.

N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 8186-26.1