New York Laws
Title 5 - Assessment Ceilings for Local Public Utility Mass Real Property
499-MMMM - Equitable Ratio of Assessment.

* § 499-mmmm. Equitable ratio of assessment. The commissioner and any
assessing authority shall be prohibited from assessing local public
utility mass real property at a value that has a higher ratio to the
full value of the local public utility mass real property than the ratio
of assessed value of other real property in the same assessment class
and jurisdiction to its full value, as provided in section three hundred
five of this chapter.

* NB Repealed January 1, 2027

Structure New York Laws