New York Real Property Tax Law Section 608 - 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  commissioner shall determine the
  tentative assessment thereof. After determining the tentative assessment
  of a special franchise, the commissioner 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
  commissioner 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  commissioner  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  commissioner  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 commissioner 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.

Last modified: February 3, 2019