* § 499-nnnn. Equalization rate. In determining assessment ceilings,
the commissioner shall apply the final state equalization rate used for
the local assessing jurisdiction on the assessment roll for the year
immediately preceding the year in which the assessment ceiling is being
established, except that (1) if a special equalization rate was
established for such assessment roll, such rate shall be applied, and
(2) in the case of a special assessing unit as defined in section
eighteen hundred one of this chapter, the equalization rate to be
applied shall be the applicable class equalization rate used on such
assessment roll.

* NB Repealed January 1, 2027