§ 1204. Tentative state equalization rates, class ratios and class
equalization rates; notice thereof. 1. Upon completion of its inquiry,
investigation and studies with respect to the establishment of an
equalization rate for a city, town or village and in the case of special
assessing units, class ratios and class equalization rates, the
commissioner shall determine a tentative equalization rate for such
city, town or village, class ratios for special assessing units and
class equalization rates for special assessing units and approved
assessing units and eligible non-assessing unit villages which have
adopted the provisions of section nineteen hundred three of this chapter
and each portion therein. A tentative equalization rate, class ratios
and class equalization rates, may be determined prior to final
completion of an assessment roll.

2. After determining the tentative equalization rate, class ratios and
class equalization rates, if required for any city, town, village,
special assessing unit, or approved assessing unit or eligible
non-assessing unit village which has adopted the provisions of section
nineteen hundred three of this chapter, the commissioner shall give
notice in writing to the chief executive officer of such city, town,
village, special assessing unit, or approved assessing unit or eligible
non-assessing unit village which has adopted the provisions of section
nineteen hundred three of this chapter stating that such determination
has been made, setting forth the tentative equalization rate, class
ratios and class equalization rates, if required, identifying the
assessment roll for which they were established and specifying the time
and place where the commissioner or a duly authorized representative
thereof will meet to hear any complaint concerning such equalization
rate, class ratios and class equalization rates, if required. Such
notice must be served at least twenty days before the day specified for
the hearing.

3. Where the tentative equalization rate is not within plus or minus
five percent of the locally stated level of assessment, the assessor
shall provide notice in writing to the local governing body of any
affected town, city, village, county and school district of the
difference between the locally stated level of assessment and the
tentative equalization rate. Such notice shall be made within ten days
of the receipt of the tentative equalization rate, or within ten days of
the filing of the tentative assessment roll, whichever is later, and
shall provide the difference in the indicated total full value estimates
of the locally stated level of assessment and the tentative equalization
rate for the taxable property within each affected town, city, village,
county and school district, where applicable.