(ORPTS)
ORPTS publishes guidance explaining how equalization rates relate to level of assessment and statutory uses in apportioning taxes across boundaries. ORPTS also references assessor stated level of assessment and conditions for using LOA as the equalization rate if criteria are met.
- Where it applies
- New York State
- When it comes up
- Assessment administration; tax allocation
- Property types
- NYS assessing units
Read more in the Knowledge Base
Related terms
Property Tax and Assessment (NYC)
- Assessed Value (NYC)
- Assessment Ratio (Level of Assessment)
- Equalization Rate
- Market Value (NYC Assessment Context)
- Notice of Property Value (NOPV)
- Tax Class (NYC)
- Taxable Value (NYC)
- Transitional Assessed Value
General information, not legal, tax or financial advice.