N.Y. Real Property Tax Law § 551: Entry by assessor of omitted real property on current assessment roll

§ 551. Entry by assessor of omitted real property on current

assessment roll. 1. The assessor of any assessing unit, upon his own

motion or upon the application of any taxpayer therein, shall enter on

the assessment roll of the current year, prior to the tentative

completion thereof, any parcel of real property shown to have been

omitted from the assessment roll of the preceding year, at the valuation

of that year, or if not then valued, at such valuation as the assessor

shall determine for the preceding year. A special franchise assessment

after apportionment thereof by the assessor, if necessary, or an

assessment of state land subject to taxation for the preceding year

which is less than the assessment thereof approved by the commissioner,

shall be entered at the valuation determined by the commissioner.

2. Real property assessed pursuant to this section shall be taxed at

the tax rate or tax rates for the preceding year. The amount of tax or

taxes levied pursuant to this section shall be deducted from the

aggregate amount of taxes to be levied for the current year.