§ 1250. Definitions. 1. “Last completed assessment roll” shall mean the assessment roll last completed, verified and filed by the assessors on or before the date upon which the amount to be raised by tax on real estate is actually determined. 2. “Market value surveys” shall mean the statewide studies completed by the commissioner pursuant […]
§ 1251. Establishment of special equalization ratios. The commissioner shall, for a city with a population of one hundred twenty-five thousand or more inhabitants, establish annually the ratio of the assessed valuation to the full valuation of taxable real estate on the last completed assessment roll and each of the four preceding assessment rolls of […]
§ 1252. Manner by which ratios shall be determined. In determining ratios pursuant to this article, the commissioner shall, for the last completed assessment roll and each of the four preceding assessment rolls, determine the ratio of assessed valuation to full valuation as of the first day of January of the fiscal year for which […]
§ 1253. Hearing and determination. Not later than twenty days prior to the ensuing fiscal year of each city with a population of one hundred twenty-five thousand or more inhabitants, the commissioner shall provide written notice of the determination of tentative ratios pursuant to this article to the chief executive officer thereof. The notice shall […]
§ 1254. Use of special equalization ratios. Notwithstanding the provisions of any general or special law, the ratios established in accordance with the provisions of this article shall be used in calculating average full valuation of taxable real estate of a city in computing and applying the limitation on the amount to be raised by […]
