2016 New York Laws
RPT - Real Property Tax
Article 4 - EXEMPTIONS
Title 2-B - (489-AA - 489-SS) RAILROAD REAL PROPERTY OF INTERSTATE RAILROAD COMPANIES
489-JJ - State equalization rate.

   489-jj.  State  equalization  rate.  1.  In  determining  railroad
  ceilings, the commissioner shall apply  the  latest  state  equalization
  rate  for  the  appropriate  assessing  unit,  except that, if a special
  equalization rate has been established as provided in subdivision two of
  this section, such rate shall be  applied.  For  the  purposes  of  this
  title,  the  equalization  rate  to  be  applied  in  computing railroad
  ceilings in the city of New York shall be computed by  the  commissioner
  on  a  city-wide  basis,  giving  appropriate weight to the latest state
  equalization rates or special equalization rates of  the  five  counties
  within such city.
2.  The  commissioner  shall establish a special equalization rate for
  the purposes of this section where there has been a change in  level  of
  assessment  on the assessment roll for which a railroad ceiling is to be
  determined, subject to the provisions of title two of article twelve  of
  this  chapter,  or  the  state equalization rate that would otherwise be
  applied reflects the level of assessment on the property subject to  the
  railroad  ceiling  or where a final state equalization rate has not been
  established for the assessment roll of the preceding year.