20 CRR-NY 8197-4.1NY-CRR
20 CRR-NY 8197-4.1
20 CRR-NY 8197-4.1
8197-4.1 Rescission of tentative special franchise assessment or full value.
(a) The tentative special franchise assessment shall be rescinded by ORPTS if:
(1) it is ascertained prior to the establishment of the final special franchise assessment that procedures or data which were defective in a significant respect were relied upon in the determination of the tentative special franchise assessment and if a written complaint is not filed by the assessing unit or special franchise owner as provided by section 610 of the Real Property Tax Law;
(2) at the time that the tentative assessment was determined, the assessing unit had been expected to complete a revaluation, but it is no longer expected that the assessing unit will complete a revaluation;
(3) at the time that the tentative assessment was determined, the assessing unit had not been expected to complete a revaluation, but it is now expected that the assessing unit will complete a revaluation; or
(4) subsequent to the establishment of the tentative special franchise assessment a special equalization rate was established pursuant to section 606 of the Real Property Tax Law.
(b) A new tentative special franchise assessment shall be simultaneously determined, according to this Subpart and the correct procedures or data.
(c) The tentative special franchise full value shall be rescinded by ORPTS if:
(1) it is ascertained prior to the establishment of the final special franchise full value that procedures or data which were defective in a significant respect were relied upon in the determination of the tentative special franchise full value and if a written complaint is not filed by the assessing unit or special franchise owner as provided by section 610 of the Real Property Tax Law;
(d) A new tentative special franchise full value shall be simultaneously determined, according to this Subpart and the correct procedures or data.
20 CRR-NY 8197-4.1
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.