N.Y. Real Property Tax Law Section 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.

Source: Section 489-GG — Ratio, https://www.­nysenate.­gov/legislation/laws/RPT/489-GG (updated Sep. 22, 2014; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 489-GG’s source at nysenate​.gov

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