N.Y. Real Property Tax Law § 1218: Review of final determinations of state board of real property tax services relating to state equalization rates

§ 1218. Review of final determinations of state board of real property

tax services relating to state equalization rates. A final determination

of the state board of real property tax services relating to state

equalization rates may be reviewed by commencing an action in the

appellate division of the supreme court in the manner provided by

article seventy-eight of the civil practice law and rules upon

application of the county, city, town or village for which the rate or

rates were established. The standard of review in such a proceeding

shall be as specified in subdivision four of section seventy-eight

hundred three of the civil practice law and rules. Whenever a final

order is issued in such a proceeding directing a revised state

equalization rate, any county, village or school district that used the

former rate in the apportionment of taxes must, upon receipt of such

final order, recalculate the levy that used such former rate and credit

or debit as appropriate its constituent municipalities in its next levy.

Any special franchise assessments that were established using the former

rate must, upon receipt of such final order, be revised by the state

board in accordance with the new rate, and, if taxes have already been

levied upon such assessments, the affected special franchise owners

shall either automatically receive a refund if there is a decrease or be

taxed on an increase in the next levy in the manner provided for omitted

parcels in title three of article five of this chapter.