N.Y. Real Prop. Tax Law § 499-nnnn
Equalization rate
Redline — January 1, 2016 → current.View current text →
Current — June 29, 2026
As of January 1, 2016
* § 499-nnnn. Equalization rate. In determining assessment ceilings,\nthe commissioner shall apply the final state equalization rate for the\nassessment roll of the local assessing jurisdiction for which the\nceiling is established. If that final rate is not available, the\ncommissioner shall apply the most recent final state equalization rate\nfor the local assessing jurisdiction, except that if a special\nequalization rate has been established as provided in title two of\narticle twelve of this chapter, such rate shall be applied. In the case\nof a special assessing unit as defined in section eighteen hundred one\nof this chapter, the equalization rate to be applied shall be the\napplicable class equalization rate.\n * NB Repealed January 1, 2019\n
* § 499-nnnn. Equalization rate. In determining assessment ceilings,\nthe commissioner shall apply the final state equalization rate used for\nthe local assessing jurisdiction on the assessment roll for the year\nimmediately preceding the year in which the assessment ceiling is being\nestablished, except that (1) if a special equalization rate was\nestablished for such assessment roll, such rate shall be applied, and\n(2) in the case of a special assessing unit as defined in section\neighteen hundred one of this chapter, the equalization rate to be\napplied shall be the applicable class equalization rate used on such\nassessment roll.\n * NB Repealed January 1, 2031\n
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.