NY S06959

Requires assessors to provide written notice to local governing bodies (towns, cities, villages, counties, and school districts) when the tentative equalization rate differs by more than five percentage points from the locally stated level of assessment

Notice must be delivered within ten days of receiving the tentative equalization rate or filing the tentative assessment roll, whichever occurs later

Notice must include the difference between the locally stated level of assessment and the tentative equalization rate, expressed as the difference in total full value estimates for taxable property in each affected jurisdiction

Amends Section 1204 of the Real Property Tax Law by adding new subdivision 3

Takes effect immediately upon enactment