New York Laws
Title 4 - Miscellaneous Provisions
582 - Valuation of Agricultural Structures.

§ 582. Valuation of agricultural structures. Structures used on land
used in agricultural production located within an agricultural district
and/or on property receiving an agricultural assessment as provided in
article twenty-five-AA of the agriculture and markets law shall be
assessed at an amount not to exceed the cost of replacement new at
current prices less a deduction for physical depreciation calculated in
accordance with the assessor's manual distributed by the office of real
property services, and if applicable, functional and economic
obsolescence. For the purpose of this section, structures shall be
defined as those used:

1. For the production or storage of crops, livestock, or livestock
products as defined in section three hundred one of the agriculture and
markets law;

2. For the storage of equipment and/or supplies used in such
production;

3. In whole or in part as farm labor dwellings, except for structures
which are used as the principal residence of the owner of such
structure; or

4. For on farm processing or on farm retail merchandising, so long as
at least seventy-five percent of the annual volume of such processing or
such merchandising utilizes crops, crop products, livestock or livestock
products, as defined in section three hundred one of the agriculture and
markets law, produced on such land owned or operated by such applicant.