§ 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.