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Department of Taxation and Finance

10. Reference chart of equalization and quantity changes

Reporting operations section

Equalization changes 

An equalization change is a change in assessed value caused by market changes such as:

  • Reassessment adjust for equity
  • Change in zoning
  • Change in land use
  • Appreciation
  • Depreciation
  • Physical deterioration
  • Economic obsolescence
  • Change in income stream
  • Court-ordered reductions
  • Splits and merges
  • Reallocation
  • Utility retirement in place

Quantity changes

Non-equalization changes such as:

Quantity changes: Non-equalization changes
Increase Decrease
Construction in whole or in part; Improvements, renovation Demolition, fire
New equipment (poles, wires) Removed equipment
Placement of a manufactured home Removal of a manufacture home
Land annexed from an assessing unit Land deeded to an assessing unit
Omitted property (RPTL 551) Duplicate parcel
Acreage gain not as a result of a split or merge Acreage loss not as a result of a split or merge
Roll section transfer (from roll sections 5, 7 and or 8 to roll sections 1, 3 and or 6) Roll section transfer (from roll sections 1, 3 and or 6 to roll sections 5, 7 and or 8
Oil and gas rights (increase due to production) Oil and gas rights (decrease due to production)
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