20 CRR-NY 8200-3.1NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 20. DEPARTMENT OF TAXATION AND FINANCE
CHAPTER XVI. REAL PROPERTY TAX ADMINISTRATION
PART 8200. RAILROAD CEILINGS
SUBPART 8200-3. INCREASED DEPRECIATION
20 CRR-NY 8200-3.1
20 CRR-NY 8200-3.1
8200-3.1 Classification of track.
(a) For purposes of determining railroad ceilings pursuant to this Part, track shall be classified as follows:
(1) Category I high speed/high tonnage track shall include all passenger and/or freight main track capable of more than 60 mph and related sidetrack.
(2) Category II medium speed/high tonnage track shall include all passenger and/or freight main track capable of at least 40 mph but no more than 60 mph and related sidetrack and electronic classification yards.
(3) Category III low speed/medium tonnage track shall include freight main track capable at least 10 mph but no more than 39 mph and related sidetrack.
(4) Category IV low speed/low tonnage track shall include freight main track capable of no more than 9 mph, related sidetrack.
(b) ORPTS shall establish procedures for the calculation of railroad ceilings for each year's assessment rolls. These procedures shall provide for the depreciation of track. This depreciation may be the same for more than one class of track and may be a single percentage good for all track in a class.
20 CRR-NY 8200-3.1
Current through February 28, 2023
End of Document