N.Y. Real Property Tax Law § 1204: Tentative state equalization rates, class ratios and class equalization rates; notice thereof

§ 1204. Tentative state equalization rates, class ratios and class

equalization rates; notice thereof. 1. Upon completion of its inquiry,

investigation and studies with respect to the establishment of an

equalization rate for a city, town or village and in the case of special

assessing units, class ratios and class equalization rates, the

commissioner shall determine a tentative equalization rate for such

city, town or village, class ratios for special assessing units and

class equalization rates for special assessing units and approved

assessing units and eligible non-assessing unit villages which have

adopted the provisions of section nineteen hundred three of this chapter

and each portion therein. A tentative equalization rate, class ratios

and class equalization rates, may be determined prior to final

completion of an assessment roll.

2. After determining the tentative equalization rate, class ratios and

class equalization rates, if required for any city, town, village,

special assessing unit, or approved assessing unit or eligible

non-assessing unit village which has adopted the provisions of section

nineteen hundred three of this chapter, the commissioner shall give

notice in writing to the chief executive officer of such city, town,

village, special assessing unit, or approved assessing unit or eligible

non-assessing unit village which has adopted the provisions of section

nineteen hundred three of this chapter stating that such determination

has been made, setting forth the tentative equalization rate, class

ratios and class equalization rates, if required, identifying the

assessment roll for which they were established and specifying the time

and place where the commissioner or a duly authorized representative

thereof will meet to hear any complaint concerning such equalization

rate, class ratios and class equalization rates, if required. Such

notice must be served at least twenty days before the day specified for

the hearing.

3. Where the tentative equalization rate is not within plus or minus

five percent of the locally stated level of assessment, the assessor

shall provide notice in writing to the local governing body of any

affected town, city, village, county and school district of the

difference between the locally stated level of assessment and the

tentative equalization rate. Such notice shall be made within ten days

of the receipt of the tentative equalization rate, or within ten days of

the filing of the tentative assessment roll, whichever is later, and

shall provide the difference in the indicated total full value estimates

of the locally stated level of assessment and the tentative equalization

rate for the taxable property within each affected town, city, village,

county and school district, where applicable.