2006 New York Code - Tentative Special Franchise Assessments; Notice Thereof.

 
    §  608.  Tentative  special  franchise assessments; notice thereof. 1.
  Upon completion of its inquiry and investigation  with  respect  to  the
  value  of  a  special  franchise,  the  state  board shall determine the
  tentative assessment thereof. After determining the tentative assessment
  of a special franchise, the state board shall give notice in writing  to
  the  special  franchise  owner  and  the chief executive officer of each
  assessing unit in which such special franchise  is  situated  that  such
  determination has been made, the amount of such assessment, and that the
  state  board  or a duly authorized representative thereof will meet at a
  time and place specified in such notice to hear any complaint concerning
  such assessment. Any such notice to a town shall also specify the amount
  of each special franchise assessment in any village therein.  Each  such
  notice  must be served at least thirty days before the day specified for
  the hearing. It may be served  on  the  special  franchise  owner  if  a
  partnership, association or corporation by mailing a copy thereof to its
  principal  place of business, and if a person, by mailing a copy thereof
  to him at his place of business or last known place of residence.
    2. The state board  may  establish  a  separate  tentative  and  final
  special  franchise  value  or  assessment for physical property that was
  omitted when calculating special franchise  values  for  the  assessment
  roll  of  the  preceding  year.  Values  for  omitted  property shall be
  calculated  by  the  same  procedures  used  by  the  state  board  when
  establishing  the  values  for  the  roll  from  which  the property was
  omitted. Entry of a final assessment of omitted property and the levy of
  taxes shall be done in  accord  with  the  provisions  of  section  five
  hundred fifty-one of this chapter.
    3.  The  state board may deduct from the tentative and final values or
  assessments  of  special  franchise  property  an  amount  for  physical
  property  that  was incorrectly included in the values or assessments of
  the assessment roll for the preceding year. Any amount deducted pursuant
  to this section shall be clearly and separately identified on the notice
  of tentative assessments or values  and  on  the  certificate  of  final
  assessment.