{"data":{"id":"us-ny/n.y.-real-property-tax-law-1261","jurisdiction":"us-ny","citation":"N.Y. Real Property Tax Law § 1261","heading":"Determination of ratios of assessed valuation to full valuation","body":"§ 1261. Determination of ratios of assessed valuation to full\nvaluation.  Notwithstanding any general or special law to the contrary,\nthe commissioner shall annually determine the ratios which the assessed\nvaluations of taxable real estate on the last completed assessment rolls\nand the four preceding rolls of each city school district bear to the\nfull valuation of such real estate for the purpose of computing and\napplying the limitation on local indebtedness pursuant to section four\nof article eight of the constitution.","path":["Real Property Tax Law","Article 12-B. Special State Equalization Ratios For Computing Constitutional Debt Limitations For City School Districts"],"source_url":"https://legislation.nysenate.gov/api/3/laws/RPT/1261","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"9953a493793f3d5cd36e069d3324546206e6479cab633c824448bdd1452528e6","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-real-property-tax-law-1260","next":"us-ny/n.y.-real-property-tax-law-1262"},"notice":"GroundRules: Original legal text. Not legal advice."}