New York (State). Division of Equalization and Assessment

CURRENT FUNCTIONS. The Division of Equalization and Assessment is responsible for carrying out the programs and policies of the Board of Equalization and Assessment, its directing body. The board's main functions are establishing policies for and regulating tax assessment and assisting local governments in administering the real property tax.

The division implements the board's programs and policies by completing statewide market value surveys, usually every three years, based on which the board establishes equalization rates reflecting the ratio of assessed valuation to full valuation in each assessment jurisdiction. These equalization rates are then used in a number of formulas: to equitably allocate State aid and sales tax revenues, to apportion taxes and costs among special districts covering more than one taxing unit, to calculate constitutional and statutory debt and tax limits, and for other similar purposes.

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