New York Real Property Tax Law Title 2-B - RAILROAD REAL PROPERTY OF INTERSTATE RAILROAD COMPANIES
- 489-Aa - Legislative Declaration.
It is hereby found and declared that continued operation of the interstate railroads in the state and improvement of their service and facilities are essential...
- 489-Bb - Definitions.
When used in this title, unless otherwise expressly stated: 1. "Assessing unit" means a city, town or village. 2. "Railroad company" means a corporation ,...
- 489-Cc - Assessment of Real Property of Railroads.
1. The assessor in each city, town and village and in each county having a county department of assessment shall annually assess all real property...
- 489-Dd - Exemption of Railroad Real Property From Taxation.
1. Subsidized railroad real property shall be exempt from taxation. The exemption shall be granted each year only upon (a) application by the owner of...
- 489-Ee - Railroad Ceiling.
A railroad ceiling for the railroad real property other than subsidized railroad real property of each railroad company situated in each assessing unit shall be...
- 489-Ff - Average Railway Revenues and Expenses.
1. The average railway revenues shall be determined for each railroad company as follows: (a) Ascertain so far as may be practicable the revenues which...
- 489-Gg - Ratio.
The commissioner shall compute to the nearest thousandth of one percent a ratio for each railroad company by dividing its average railway expenses by its...
- 489-Hh - Economic Factor.
(a) In accordance with the policy of reflecting the effect of the rate of earnings of a railroad company upon the taxable value of its...
- 489-Ii - Local Reproduction Cost.
1. The commissioner shall determine the local reproduction cost for each railroad company in each assessing unit as follows: (a) Ascertain in each assessing unit...
- 489-Jj - State Equalization Rate.
1. In determining railroad ceilings, the commissioner shall apply the latest state equalization rate for the appropriate assessing unit, except that, if a special equalization...
- 489-Kk - Tentative Determination of Railroad Ceiling; Notice, Complaints and Hearing.
1. Each year the commissioner shall make a tentative determination of each railroad ceiling. Thereafter, the commissioner shall give notice in writing to each assessing...
- 489-Ll - Final Determination of Railroad Ceiling; Certificate.
1. After the hearing provided for in section four hundred eighty-nine-kk of this title, the state board of real property tax services shall finally determine...
- 489-Mm - Application of Railroad Ceiling; Computation of Exemption.
1. Upon receipt of a certificate setting forth the railroad ceiling for a railroad company, the assessor shall compute for his assessing unit the aggregate...
- 489-Nn - Reports to State Board.
489-nn. Reports to commissioner. 1. Each railroad company shall furnish the commissioner the following: (a) A copy of all income, profit and loss and other...
- 489-Oo - Inspection of Accounts and Property of Railroad Companies.
1. The commissioner or its authorized representative shall have access at reasonable times to all accounts and records established and maintained by a railroad company...
- 489-Pp - Estimated Railroad Ceiling.
Upon application of a county, city, town, village, school district or special district, the commissioner shall establish estimated railroad ceilings for the assessment roll or...
- 489-Qq - Determination of Railroad Ceilings for Certain Railroads in Transition.
Notwithstanding any other provision of this title, railroad ceilings established during the first five years in which such ceilings are made pursuant to this title...
- 489-Rr - Inapplicability of Title.
* The provisions of this title shall not apply to any railroad real property of any railroad company for which railroad ceilings were not made...
- 489-Ss - Inapplicability of Title.
The provisions of this title shall not apply to railroad real property which is owned by or under the jurisdiction, supervision or control of either...
Last modified: February 3, 2019