§ 1204 — Tentative state equalization rates, class ratios and class equalization rates; notice thereof

§ 1204. Tentative state equalization rates, class ratios and class\nequalization rates; notice thereof. 1. Upon completion of its inquiry,\ninvestigation and studies with respect to the establishment of an\nequalization rate for a city, town or village and in the case of special\nassessing units, class ratios and class equalization rates, the\ncommissioner shall determine a tentative equalization rate for such\ncity, town or village, class ratios for special assessing units and\nclass equalization rates for special assessing units and approved\nassessing units and eligible non-assessing unit villages which have\nadopted the provisions of section nineteen hundred three of this chapter\nand each portion therein. A tentative equalization rate, class ratios\nand class equalization rates, may be determined prior to final\ncompletion of an assessment roll.\n 2. After determining the tentative equalization rate, class ratios and\nclass equalization rates, if required for any city, town, village,\nspecial assessing unit, or approved assessing unit or eligible\nnon-assessing unit village which has adopted the provisions of section\nnineteen hundred three of this chapter, the commissioner shall give\nnotice in writing to the chief executive officer of such city, town,\nvillage, special assessing unit, or approved assessing unit or eligible\nnon-assessing unit village which has adopted the provisions of section\nnineteen hundred three of this chapter stating that such determination\nhas been made, setting forth the tentative equalization rate, class\nratios and class equalization rates, if required, identifying the\nassessment roll for which they were established and specifying the time\nand place where the commissioner or a duly authorized representative\nthereof will meet to hear any complaint concerning such equalization\nrate, class ratios and class equalization rates, if required. Such\nnotice must be served at least twenty days before the day specified for\nthe hearing.\n 3. Where the tentative equalization rate is not within plus or minus\nfive percent of the locally stated level of assessment, the assessor\nshall provide notice in writing to the local governing body of any\naffected town, city, village, county and school district of the\ndifference between the locally stated level of assessment and the\ntentative equalization rate. Such notice shall be made within ten days\nof the receipt of the tentative equalization rate, or within ten days of\nthe filing of the tentative assessment roll, whichever is later, and\nshall provide the difference in the indicated total full value estimates\nof the locally stated level of assessment and the tentative equalization\nrate for the taxable property within each affected town, city, village,\ncounty and school district, where applicable.\n