2023 New York Laws › RPT - Real Property Tax › Article 12 - State Equalization › Title 1 - State Equalization Rates › 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.