20 CRR-NY 8186-2.16NY-CRR
20 CRR-NY 8186-2.16
20 CRR-NY 8186-2.16
8186-2.16 Adjustment of aggregate full values for changes in market conditions.
(a) When ORPTS has accepted or determined an aggregate full value estimate of an assessing unit, this estimate may be adjusted, in whole or in part, to another valuation date. This may be done with the use of factors which reflect changes in market value.
(b) Factors which are used to adjust aggregate full value estimates will be identified by the type of property, market area, and time frame for which they apply.
(c) Factors developed for this purpose will be determined based upon an analysis of data, and using both ORPTS and local official knowledge of real estate market conditions.
20 CRR-NY 8186-2.16
Current through February 28, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.