Property Tax Alert–New York

December 2004

Property tax provisions are amended to provide that when the Supreme Court, Appellate Division, directs a revision to a final state equalization rate, any apportionment of taxes or assessment of special franchise property must be recalculated to reflect the revised final rate. Former law provided for judicial review of state equalization rates by the Appellate Division but did not specify what actions were to be taken when such a proceeding resulted in a revised state equalization rate.

Please contact Rash & Associates for more information.