N.Y. Real Property Tax Law § 842: Computation of county equalization rates

§ 842. Computation of county equalization rates. The commissioner

shall compute county equalization rates for each county to which this

title is applicable by furnishing the final state equalization rates

which are established pursuant to article twelve of this chapter for

each city and town in the county for the final assessment roll to be

completed and filed during the current year or, if such rates are not

then available for each city and town in the county, by adjusting the

final state equalization rate established pursuant to article twelve of

this chapter for each city and town in the county for the final

assessment roll required to be completed and filed during the prior

calendar year by the appropriate "change in level of assessment", if

any, as that term is defined in section twelve hundred twenty of this

chapter. On or before the fifteenth day of November, or such other date

as may be prescribed by law for the determination of county equalization

rates, the commissioner shall certify the county equalization rates to

the clerk of the legislative body of each county to which this title is

applicable. Within five days of the receipt of such rates, the clerk of

the legislative body shall provide to each city and town a written

notice of the county equalization rates computed by the commissioner.