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 8186-26 - 1992 Market Value Survey Procedures
Section 8186-26.9 - Appraisal of sample parcels in ordinary classes and large units
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Upon completion of the stratification of the ordinary classes, the sample parcels shall be appraised. An alternate may be substituted for a sample parcel only under the following circumstances:
(b) A sample parcel which is determined to be part of a single economic entity for valuation purposes and cannot be appraised independently of the remainder of the economic entity shall be appraised by appraising the entire economic entity and multiplying the appraised value of the entire economic entity by the ratio that the assessed value of the sample parcel bears to the assessed value of the economic entity provided, however, that if the economic entity also includes wholly exempt property the assessed value of which comprises more than 50 percent of the total assessed value of the economic entity, an alternate shall be substituted for the sample parcel as provided by paragraph (a)(4) of this section.
(c) If no sample parcel or alternates for a given interval can be appraised, that interval shall be redesignated as a "U" interval.