Appraisals
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
Appraisals shall be prepared according to the following requirements:
(a)Appraisals shall be prepared by a qualified appraiser in accordance with the guidelines of the office.
(b)Appraisers must either be licensed or certified by the State of New York or appear on the New York State Department of Transportation's list of qualified appraisers.
(c)Appraisals must be conducted no more than 12 months prior to the acquisition of the property by the project sponsor.
(d)If the property is valued at $300,000 or more, two appraisals must be obtained.
(e)If the property is valued at less than $300,000, one appraisal is required.
(f)If the property is valued at less than $25,000, a short-form appraisal may be used at the discretion of the office.
(g)The office may change appraisal requirements to conform to any guidelines which may be issued by the State Comptroller.