{"data":{"id":"us-ny/n.y.-real-property-tax-law-305","jurisdiction":"us-ny","citation":"N.Y. Real Property Tax Law § 305","heading":"Assessment methods and standard","body":"§ 305. Assessment methods and standard. 1. The existing assessing\nmethods in effect in each assessing unit on the effective date of this\nsection may continue.\n  2. All real property in each assessing unit shall be assessed at a\nuniform percentage of value (fractional assessment) except that, if the\nadministrative code of a city with a population of one million or more\npermitted, prior to January first, nineteen hundred eighty-one, a\nclassified assessment standard, such standard shall govern unless such\ncity by local law shall elect to be governed by the provisions of this\nsection.\n  3. Any assessing unit in which assessments are at full value by reason\nof a revaluation may adopt a level of assessment in accordance with this\nsection.","path":["Real Property Tax Law","Article 3. Taxable Real Property and Standard of Assessment","Title 1. Assessment of Real Property"],"source_url":"https://legislation.nysenate.gov/api/3/laws/RPT/305","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"ff6468bc2875166bc91cdede61af9bb90e91887daa30106ed84613967ce49dc7","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-real-property-tax-law-304","next":"us-ny/n.y.-real-property-tax-law-305-a"},"notice":"GroundRules: Original legal text. Not legal advice."}