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-LL - Final determination of railroad ceiling; certificate.

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