N.Y. Real Property Tax Law § 805: Alternative county tax apportionment

§ 805. Alternative county tax apportionment. 1. Any county to which

this title applies, and which contains a designated large property, as

that term is defined in section eight hundred forty-seven of this

article, may provide by annual resolution, adopted on or before November

first each year, that taxes to be levied for the upcoming fiscal year be

apportioned and levied in the manner provided in section eight hundred

forty-seven of this article.

2. When a county apportions and levies its taxes as provided in

subdivision one of this section, two county equalization rates shall be

established for the city or town containing any designated large

property. The first county equalization rate shall be the percentage of

full value at which all taxable real property is assessed in the city or

town containing any designated large property and shall be used to

initially apportion the tax in accordance with the provisions of this

title. The second county equalization rate shall be the percentage of

full value at which all taxable real property, exclusive of any

designated large property, is assessed. The second county equalization

rate shall be used to reapportion the remaining tax, exclusive of any

designated large property, in the manner provided by paragraphs (c)

through (f) of subdivision seven of section eight hundred forty-seven of

this article.