§ 1200. Studies for establishing state equalization rates.
1.At least\nonce in every three years in all cities and towns, the commissioner\nshall, as part of its procedure for establishing state equalization\nrates pursuant to this article, sample the ratio of assessments to\nmarket values for each major type of taxable real property as of the\nsame date or period of time. In each special assessing unit and each\napproved assessing unit which has adopted the provisions of section\nnineteen hundred three of this chapter the commissioner shall also\nsample the ratio of assessments to market values for each class and each\nclass in each portion as those terms are defined in section eighteen\nhundred two and section nineteen hundred one of this chapter. Upon\ncompletion of each such study,
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§ 1200. Studies for establishing state equalization rates. 1. At least\nonce in every three years in all cities and towns, the commissioner\nshall, as part of its procedure for establishing state equalization\nrates pursuant to this article, sample the ratio of assessments to\nmarket values for each major type of taxable real property as of the\nsame date or period of time. In each special assessing unit and each\napproved assessing unit which has adopted the provisions of section\nnineteen hundred three of this chapter the commissioner shall also\nsample the ratio of assessments to market values for each class and each\nclass in each portion as those terms are defined in section eighteen\nhundred two and section nineteen hundred one of this chapter. Upon\ncompletion of each such study, the results thereof shall be filed in the\noffice of the commissioner as a public record, but until such\ncompletion, the study shall not be a public record and shall not be\nsubject to the provisions of article six of the public officers law.\n 2. A study conducted pursuant to subdivision one of this section shall\nbe known as a "market value survey". Each market value survey shall be\nidentified by the year containing the date as of which the full value of\ntaxable real property is estimated for purposes of that market value\nsurvey, which date shall be known as the "valuation date" of that market\nvalue survey.\n 3. A market value survey conducted pursuant to this section shall be\nbased upon any data collected or maintained by the commissioner,\nincluding sales data, data made available by local assessors concerning\nphysical characteristics of parcels, the value of such parcels or the\naggregate full value of some or all of the parcels within the assessing\nunit. The commissioner shall promulgate rules to provide that the\nquality and accuracy of the data concerning physical characteristics of\nthe parcels and any other data provided by local assessors are\nsufficient for use in the conduct of the market value survey. Where the\ncommissioner determines that the local data is of sufficient quality and\naccuracy for use in the market value survey, the assessing unit shall\nprovide such data to the commissioner at the commissioner's request.\n 4. The commissioner shall prepare and submit a report to the governor,\nthe president pro tem of the senate and the speaker of the assembly\nconcerning the quality of local assessment practices found through the\nmarket value survey. Such report shall be presented no later than\nDecember thirty-first of the second year following the year in which a\nnew market value survey is first utilized in the establishment of state\nequalization rates pursuant to section twelve hundred two of this\narticle.\n 5. For purposes of this article, and any procedure required herein,\nthe commissioner may determine the aggregate full value of any assessing\nunit, portion of an assessing unit or class within an assessing unit in\ndetermining the ratio of assessments to market value in the calculation\nof any rate or ratio.\n