N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 8186-4.3

Current through Register Vol. 46, No. 53, December 31, 2024

Section 8186-4.3 - Determination of county equalization rates pursuant to title 2, article 8 of the Real Property Tax Law

(a) ORPTS shall notify in writing the clerk of the county legislative body and the county director that county equalization rates cannot be determined because the State equalization rate for the current and prior year will not be established as final on or before the last date for county equalization.

(b) Subject to the limitations as provided for in section 842 of the Real Property Tax Law, a county equalization rate may be rescinded and reestablished where:

(1) the change in level of assessment for the current roll is discovered to be incorrect and the percent difference between the original county equalization rate and the revised county equalization rate is one percent or more; or

(2) the State equalization rate for the prior roll is rescinded and reestablished.

N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 8186-4.3