Statutes, codes, and regulations
New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCEChapter XVI - Real Property Tax AdministrationPart 8186 - State Equalization Rates, Ratios And Adjustments
Subpart 8186-26 - 1992 Market Value Survey Procedures
Section 8186-26.14 - Requirement for sale inventories

N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 8186-26.14

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Current through Register Vol. 46, No. 50, December 11, 2024
Section 8186-26.14 - Requirement for sale inventories

Each city, town or county assessing unit shall furnish to ORPTS inventories of the physical characteristics of sold parcels necessary to value the sampled parcels by at least one of the standard appraisal methods in the farm, residential, vacant land, and commercial categories located within their boundaries which were sold during 1991. Inventories must be furnished only for usable sales. Inventories shall be furnished as follows:

(a) For assessing units where 100 or fewer usable sales occurred during 1991, inventories shall be provided for all sales in the above-mentioned categories by October 1, 1992 as described below:
(1) for assessing units using the New York State Real Property System to maintain inventory information, verified sales inventories shall be provided in a computer readable format as prescribed in that system;
(2) for assessing units not using the New York State Real Property System to maintain inventory information, verified sales inventories shall be provided on property records cards (RP Forms 3100 and 3105). Blank forms shall be provided for the recording of inventories in accordance with data collection instructions prescribed by ORPTS.
(b) For assessing units where more than 100 usable sales occurred during 1991, inventories shall be provided as required by ORPTS for the valuation of those parcels selected for appraisal in this market value survey. Inventories shall be provided by October 1, 1992 as described below:
(1) for assessing units using the New York State Real Property System to maintain inventory information, verified sales inventories shall be provided in a computer readable format as prescribed in that system;
(2) for assessing units not using the New York State Real Property System to maintain inventory information, verified sales inventories shall be provided in a computer readable format compatible with the New York State Real Property System as agreed to by ORPTS and the assessing unit. If agreement is not reached on such format, on blank property record cards (RP Forms 3100 and 3105) provided by ORPTS for the recording of those inventories in accordance with prescribed data collection instructions.

N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 8186-26.14