New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCE
Chapter XVI - Real Property Tax Administration
Part 8186 - State Equalization Rates, Ratios And Adjustments
Subpart 8186-2 - State Equalization Rates
Section 8186-2.12 - Rescission and reestablishment of final equalization rates or ratios
Current through Register Vol. 46, No. 12, March 20, 2024
(a) A final equalization rate or ratio may be rescinded by ORPTS in accordance with the provisions of this section. Grounds for rescission shall be:
(b) ORPTS or any municipal official authorized to file a complaint on a tentative equalization rate or ratio pursuant to section 8186-15.2 of this Part may request the rescission of a final equalization rate or ratio. Any such request by a municipal official must be made in writing to ORPTS. The municipal official filing the request shall receive notice of the determination.
(c) In addition to the reasons set forth in subdivision (a) of this section, if ORPTS believes that a final equalization rate or ratio would be manifestly unjust because its use would result in an inequitable apportionment of taxes or the assessment or real property at an inappropriate level, ORPTS may, upon notice to the clerk of the assessing unit, rescind the final equalization rate or ratio.
(d) In rescinding final rates and ratios, ORPTS will comply with the provisions of Subpart 8186-15 of this Part so far as practicable.
(e) No final equalization rate or ratio shall be rescinded and a new equalization rate or ratio established where either: