§ 281. Mileage and actual valuation. 1. The mileage of highways in
towns to be used in determining the amounts to be paid to such towns
under the provisions of this article shall be the tables of mileage
heretofore prepared by the state engineer, until the corrected tables of
mileage prepared as provided in section ten of this chapter are filed.
Such tables and all corrections thereof shall be filed in the department
of transportation and with the comptroller. The actual valuation of real
property to be used in determining such amounts shall be the full
valuation thereof, according to the latest table of percentages of
assessments as fixed and determined by the commissioner of taxation and
finance.

2. The actual valuation shall be determined by applying the
percentages contained in the latest table of percentages of assessments
as fixed and determined by the state tax commission, to the assessed
valuations of the several towns as they appear on the statement of the
clerk of the board of supervisors for the year prior to the levy of
taxes upon which is based the amounts to be paid as provided in section
two hundred and seventy-nine.