N.Y. RPT Law § 608

§ 608. Tentative special franchise assessments; notice thereof. 1.\nUpon completion of its inquiry and investigation with respect to the\nvalue of a special franchise, the commissioner shall determine the\ntentative assessment thereof. After determining the tentative assessment\nof a special franchise, the commissioner shall give notice in writing to\nthe special franchise owner and the chief executive officer of each\nassessing unit in which such special franchise is situated that such\ndetermination has been made, the amount of such assessment, and that the\ncommissioner or a duly authorized representative thereof will meet at a\ntime and place specified in such notice to hear any complaint concerning\nsuch assessment. Any such notice to a town shall also specify the amount\nof each special franchise assessment in any village therein. Each such\nnotice must be served at least thirty days before the day specified for\nthe hearing. It may be served on the special franchise owner if a\npartnership, association or corporation by mailing a copy thereof to its\nprincipal place of business, and if a person, by mailing a copy thereof\nto him at his place of business or last known place of residence.\n 2. The commissioner may establish a separate tentative and final\nspecial franchise value or assessment for physical property that was\nomitted when calculating special franchise values for the assessment\nroll of the preceding year. Values for omitted property shall be\ncalculated by the same procedures used by the commissioner when\nestablishing the values for the roll from which the property was\nomitted. Entry of a final assessment of omitted property and the levy of\ntaxes shall be done in accord with the provisions of section five\nhundred fifty-one of this chapter.\n 3. The commissioner may deduct from the tentative and final values or\nassessments of special franchise property an amount for physical\nproperty that was incorrectly included in the values or assessments of\nthe assessment roll for the preceding year. Any amount deducted pursuant\nto this section shall be clearly and separately identified on the notice\nof tentative assessments or values and on the certificate of final\nassessment.\n