§ 805. Alternative county tax apportionment. 1. Any county to which this title applies, and which contains a designated large property, as that term is defined in section eight hundred forty-seven of this article, may provide by annual resolution, adopted on or before November first each year, that taxes to be levied for the upcoming fiscal year be apportioned and levied in the manner provided in section eight hundred forty-seven of this article.
2. When a county apportions and levies its taxes as provided in subdivision one of this section, two county equalization rates shall be established for the city or town containing any designated large property. The first county equalization rate shall be the percentage of full value at which all taxable real property is assessed in the city or town containing any designated large property and shall be used to initially apportion the tax in accordance with the provisions of this title. The second county equalization rate shall be the percentage of full value at which all taxable real property, exclusive of any designated large property, is assessed. The second county equalization rate shall be used to reapportion the remaining tax, exclusive of any designated large property, in the manner provided by paragraphs (c) through (f) of subdivision seven of section eight hundred forty-seven of this article.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.