RPTL 499-mmmm · Title 5. Assessment Ceilings For Local Public Utility Mass Real Property
Equitable ratio of assessment
Verbatim from the official edition
Text — Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
* § 499-mmmm. Equitable ratio of assessment. The commissioner and any assessing authority shall be prohibited from assessing local public utility mass real property at a value that has a higher ratio to the full value of the local public utility mass real property than the ratio of assessed value of other real property in the same assessment class and jurisdiction to its full value, as provided in section three hundred five of this chapter.
* NB Repealed January 1, 2031
Source of truth
- Edition
- Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/RPT499-MMMM
- Text hash
- sha256 cafb653aa1f922ac44b59d59d59ab8853dd7abd40d5c144a159382b0e0ed7194
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
- The Senate's note "Repealed January 1, 2031": in force until then.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.