§ 511. Assessment disclosure; notice and meetings. 1. In the year of a\nrevaluation or update of assessments, if the state equalization rate for\nthe immediately preceding assessment roll was less than eighty-five, the\nassessor shall, and in any other year may, not later than sixty days\nprior to the date set by law for the filing of the tentative assessment\nroll, mail to each owner of real property therein, an assessment\ndisclosure notice in the format provided in paragraph (a) of subdivision\ntwo of this section. However, pursuant to a resolution adopted by the\ngoverning board of the assessing unit, other than a special assessing\nunit or an approved assessing unit which has adopted the provisions of\nsection nineteen hundred three of this chapter, such assessment\ndisclosure notice shall include in lieu thereof the items specified in\nparagraph (b) of subdivision two of this section.\n 2. (a) Tax dollar comparison. Such notice shall identify the parcel\nfor which it has been mailed and shall include: (i) the parcel\ndescription; (ii) the final taxable assessment of the parcel for the\nprevious year; (iii) the current preliminary taxable assessment of the\nparcel; (iv) as a minimum, the actual extension of city or town taxes\nfor the prior year to a hypothetical extension of the same taxes against\nthe preliminary determination of assessed value for the current year\nadjusted for changes in the condition of real property; (v) the\ndifference between the actual and hypothetical extensions; and (vi) a\nstatement advising the owner of real property that the net difference\nreflected in the statement does not represent the property's tax\nliability for any ensuing fiscal year. This notice shall contain a\nstatement that tax liability may be affected by changes in (1) municipal\nbudgets, (2) assessments of other real property prior to completion of\nthe final assessment roll, and if school or county taxes, or both, are\ncompared, (3) apportionment of relative municipal shares of county and\nschool district levies. The notice shall also contain a statement that a\npublication containing procedures for contesting an assessment is\navailable at the assessor's office and such other information as may be\nrequired by the commissioner.\n (b) Alternative disclosure notice. Such notice shall identify the\nparcel for which it has been mailed and shall include: (i) the parcel\ndescription; (ii) the final taxable assessment of the parcel for the\nprevious year; (iii) the current preliminary taxable assessment of the\nparcel; and (iv) an estimate of how much the tax liability of the parcel\nwould change if the preliminary taxable assessments should be\nimplemented and if all other relevant factors should remain constant.\nSuch estimate shall be calculated by subtracting the percentage change\nin the preliminary taxable assessment of the parcel from the percentage\nchange in the preliminary total taxable assessments of the assessment\nroll as a whole, and dividing that result by the percentage change in\nthe preliminary taxable assessment of the parcel and expressing the\nresult, whether positive or negative, either as a percentage, rounded to\nthe nearest whole percentage, or specifying a range within which the\npercentage falls, provided that such range shall not exceed five\npercentage points. The notice shall further state that the estimated\nchange in tax liability is only an estimate, and that the actual tax\nliability may ultimately be affected by changes in (1) municipal\nbudgets, (2) assessments of other real property prior to completion of\nthe final assessment roll, and (3) if school or county taxes, or both,\nare compared, apportionment of relative municipal shares of county and\nschool district levies. In addition, the notice shall state: that the\npreliminary assessments for the assessing unit are subject to adjustment\nprior to the filing of the tentative assessment roll; and that a\npublication containing procedures for
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