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N.Y. Real Property Tax Law § 489-GG

Ratio

New York · New York Real Property Tax Law · Status: effective · Effective 2014-09-22

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N.Y. Real Property Tax Law § 489-GG, Ratio, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1127948
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§ 489-gg. Ratio. The commissioner shall compute to the nearest thousandth of one percent a ratio for each railroad company by dividing its average railway expenses by its average railway revenues; provided, however, that if a railroad company shall have operated for less than one full year prior to the first day of the year in which a tentative determination of a railroad ceiling for that railroad company is made, then the ratio for that ceiling of that railroad company shall be one.