{"data":{"id":"us-ny/n.y.-real-property-tax-law-489-gg","jurisdiction":"us-ny","citation":"N.Y. Real Property Tax Law § 489-gg","heading":"Ratio","body":"§ 489-gg. Ratio. The commissioner shall compute to the nearest\nthousandth of one percent a ratio for each railroad company by dividing\nits average railway expenses by its average railway revenues; provided,\nhowever, that if a railroad company shall have operated for less than\none full year prior to the first day of the year in which a tentative\ndetermination of a railroad ceiling for that railroad company is made,\nthen the ratio for that ceiling of that railroad company shall be one.","path":["Real Property Tax Law","Article 4. Exemptions","Title 2-B. Railroad Real Property of Interstate Railroad Companies"],"source_url":"https://legislation.nysenate.gov/api/3/laws/RPT/489-GG","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"11ac4399d953df4ba794785924794dfc1cceaace8a35b3a7c108d282951bc915","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-real-property-tax-law-489-ff","next":"us-ny/n.y.-real-property-tax-law-489-hh"},"notice":"GroundRules: Original legal text. Not legal advice."}