PARCEL DEFINITION MANUAL
PARCEL DEFINITION CODE

Homestead assessing unitĪn approved assessing unit which adopts the homestead provisions of section 1903 of the RPTL.

PARCEL DEFINITION CODE

Fisher Act Properties are coded in the three-digit property classification code as 911. No additional lands may be certified under this section after September 1, 1974. Parcels subject to section 480, RPTL, which provides for a ceiling assessed value for eligible tracts of forest and reforested lands. Exempt parcelĪ parcel which receives an exemption from taxation in whole or in part. The part of the assessed value of a parcel exempt from taxation. For examples of equalization changes see the chart in Section 2.41 Item N. Equalization changeĪn increase or decrease in the total assessed value of real property existing on both the prior roll and current roll for which there has been neither a physical nor quantity change nor a change in wholly exempt status. The assessment roll completed, verified, and filed in the year for which this report is being completed. County owned reforested lands are coded in the three-digit property classification code as 942 and in the five-digit Property Tax Exemption Code as 33302. Such lands are exempt from county taxes, but are taxable for all other purposes (Section 219, County Law). Lands acquired by the county and forever devoted to the purposes of reforestation. The factor is computed as follows:ġ+((equalization increases - equalization decreases)/(prior av - quantity decreases)) County owned reforested lands This factor is used in the calculation of special equalization rates by multiplying the final State equalization rate for the prior roll by the change in level of assessment factor for the current roll. This factor represents the percentage change in assessed value of property that exists on both the prior assessment roll and the current assessment roll. Ceiling railroad transportation properties are coded in Roll Section 7 as the three-digit property classification code 842. Railroad companies subject to the provisions of Article 4, Titles 2A and 2B of the RPTL. ORPTS establishes the ceiling assessment for the transportation property of such companies. Maximum taxable assessed value allowed by law for certain types of property. Assessor's reportĪ report prescribed pursuant to 20 NYCRR 8193-4. Assessing unitĪ city, a town, a county having a county department of assessment with the power to assess real property, or a village unless the village enacted a local law to terminate its assessing unit status as provided in subdivision 3 of section 1402 of the RPTL or unless the village is coterminous with the territory of a town and is subject to the provisions of section 17-1722-a of the Village Law. Definition of terms Reporting operations section Approved assessing unitĪn assessing unit certified by the commissioner as having completed a revaluation which is in conformance with the commissioner's rules and regulations or an update. State Board of Real Property Tax ServicesĢ.Standards for electronic real property tax administration.

Interest rates on court-ordered property tax refunds.

Interest rate on late payment of property taxes.

Current status of property tax-related legislation.

Equalization for coordinated assessment programs.

PARCEL DEFINITION MANUAL

Level of assessment (LOA) owner's manual.In some old and technical senses, parcel is used as an adjective or adverb meaning 'in part, partially, to some degree.' Parcel post as a service to deliver packages (later a branch of the postal service) is by 1790. sense of 'an amount or quantity of anything.' The expression part and parcel (early 15c.) also preserves the older sense both words mean the same, the multiplicity is for emphasis.

Meaning 'a package' is recorded from 1640s from the earlier sense of 'a quantity of goods in a package' (mid-15c.), which is from the late 14c. 1400), from Old French parcele 'small piece, particle, parcel,' and directly from Medieval Latin parcella, from Vulgar Latin *particella, extended form (via a diminutive suffix, but not necessarily implying smallness) of Latin particula 'small part, little bit,' itself a diminutive of pars (genitive partis) 'a part, piece, fraction' (from PIE root *pere- (2) 'to grant, allot'). Late 14c., 'a portion or part of something' (a sense preserved in the verb and in the phrase parcel of land, which is from c.

Parcel definition