N.Y. Real Property Tax Law 1228 – Certification of change in level of assessment factors for certain exemptions
Current as of: 2024 | Check for updates
|
Other versions
§ 1228. Certification of change in level of assessment factors for certain exemptions. Where the commissioner is authorized or directed by law to certify a change in level of assessment for adjustment by the assessor of a maximum taxable assessed value of partially exempt real property, it shall do so in the same manner and subject to the same limitations as provided in section twelve hundred twenty-four of this title for the determination of special equalization rates for ceiling purposes.
Terms Used In N.Y. Real Property Tax Law 1228
- Change in level of assessment: means the net percentage increase or decrease in the assessed valuation of all taxable real property in an assessing unit from one final assessment roll to the next, other than increases or decreases in the assessed valuation of special franchises, transportation properties of railroads subject to a ceiling assessment, wholly exempt properties, and other than increases or decreases in value attributable to physical or quantity changes in the property. See N.Y. Real Property Tax Law 1220
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.