New York Statutes
§ 489-GG — Ratio
New York·Law RPT Real Property Tax·Title 2-B Railroad Real Property of Interstate Railroad Companies·Art. 4 Exemptions
§ 489-gg. Ratio. The commissioner shall compute to the nearest\nthousandth of one percent a ratio for each railroad company by dividing\nits average railway expenses by its average railway revenues; provided,\nhowever, that if a railroad company shall have operated for less than\none full year prior to the first day of the year in which a tentative\ndetermination of a railroad ceiling for that railroad company is made,\nthen the ratio for that ceiling of that railroad company shall be one.\n
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Nearby Sections
15
§ 489-A
Legislative declaration§ 489-AA
Legislative declaration§ 489-AAA
Definitions§ 489-AAAA
Definitions§ 489-AAAAA
Definitions§ 489-AAAAAA
Definitions§ 489-B
Definitions§ 489-BB
Definitions§ 489-BBBBB
Real property tax exemption