New York § 489-LL Final determination of railroad ceiling; certificate

New York Statutes

§ 489-LL — Final determination of railroad ceiling; certificate

New York § 489-LL

Law RPTReal Property Tax

Title 2-BRailroad Real Property of Interstate Railroad Companies

Art. 4Exemptions

This text of New York § 489-LL (Final determination of railroad ceiling; certificate) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Real Property Tax § 489-LL (2026).

Text

  § 489-ll. Final determination of railroad ceiling; certificate. 1.\nAfter the hearing provided for in section four hundred eighty-nine-kk of\nthis title, the state board of real property tax services shall finally\ndetermine the railroad ceiling for the railroad real property of each\nrailroad company situated in each assessing unit. Whenever upon\ncomplaint the state board shall revise the local reproduction cost of a\nrailroad company in an assessing unit, it shall revise the appropriate\nrailroad ceiling to reflect such revision, but it shall not, on account\nof such revision, modify any other determination with respect to the\nrailroad ceilings for such railroad company for such year.\nNotwithstanding the fact that no complaint shall have been filed with\nrespect to a tentative deter

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§ 489-ll. Final determination of railroad ceiling; certificate. 1.\nAfter the hearing provided for in section four hundred eighty-nine-kk of\nthis title, the state board of real property tax services shall finally\ndetermine the railroad ceiling for the railroad real property of each\nrailroad company situated in each assessing unit. Whenever upon\ncomplaint the state board shall revise the local reproduction cost of a\nrailroad company in an assessing unit, it shall revise the appropriate\nrailroad ceiling to reflect such revision, but it shall not, on account\nof such revision, modify any other determination with respect to the\nrailroad ceilings for such railroad company for such year.\nNotwithstanding the fact that no complaint shall have been filed with\nrespect to a tentative determination of a railroad ceiling, the state\nboard shall give effect to any special equalization rate established\npursuant to subdivision two of section four hundred eighty-nine-jj of\nthis title prior to the final determination of the railroad ceiling.\n 2. Not later than ten days before the last date prescribed by law for\nthe levy of taxes, the state board shall file a certificate setting\nforth each railroad ceiling as finally determined with the assessor of\nthe appropriate assessing unit or the town or county assessor who\nprepares a copy of the applicable part of the town or county assessment\nroll for village tax purposes as provided in subdivision three of\nsection fourteen hundred two of this chapter, and at the same time shall\ntransmit to each railroad company for which such ceiling has been\ndetermined a duplicate copy of such certificate.\n 3. Any final determination of a railroad ceiling by the state board\npursuant to subdivision one of this section shall be subject to judicial\nreview in a proceeding under article seventy-eight of the civil practice\nlaw and rules.\n