N.Y. Real Property Tax Law § 489-cc: Assessment of real property of railroads

§ 489-cc. Assessment of real property of railroads. 1. The assessor in

each city, town and village and in each county having a county

department of assessment shall annually assess all real property of

railroad companies situated in such city, town, village or county, as

the case may be, including all railroad real property of such railroad

companies as defined in subdivision three of section four hundred

eighty-nine-bb of this chapter. Where a village has enacted a local law

as provided in subdivision three of section fourteen hundred two of this

chapter, the town or county assessor shall apportion that part of the

railroad property assessment applicable to the village for purposes of

the copy of the part of the town or county assessment roll used for

village tax purposes.

2. Railroad real property shall be separately assessed from real

property of railroad companies not used for transportation purposes, and

subsidized railroad real property shall be separately assessed from all

other railroad real property. The commissioner and railroad companies

upon request shall furnish the assessor information and data relating to

the classification of the real property of railroads as transportation

and non-transportation property and to the identification of subsidized

railroad real property. Action by assessors under this subdivision shall

not in any way affect the classification of property or the segregation

of assessments in accordance with section four hundred eighty-nine-mm of

this chapter in connection with the application of railroad ceilings.

3. Railroad real property shall be assessed according to its value and

ownership as of the dates specified by subdivision four of section four

hundred eighty-nine-ee of this title for the computation of the ceiling

of such property.