Section 1226. Special equalization rates; tax apportionment

1. If the state
  board finds that there has been a material change in level of assessment
  in   a  town  or  city  since  the  last  state  equalization  rate  was
  established, it shall determine and certify a special equalization  rate
  for tax apportionment purposes to the district superintendent of schools
  for  use  in  the  apportionment  of school taxes as provided in section
  thirteen hundred fourteen of this chapter.
    2. If the state board finds that the last state equalization  rate  is
  inequitable  for  part  of  a  town  or city within a school district or
  special district, it shall determine a  special  equalization  rate  for
  such  part and shall furnish such rate to the district superintendent of
  schools or the clerk of the county legislative body, as the case may be;
  provided that with respect to levies on behalf of special districts, the
  same be certified at least fifteen days prior to the last  date  set  by
  law for such levy.
    3.  If  the  state board finds that the latest state equalization rate
  for a town is inequitable for the town or  part  thereof  located  in  a
  village  which  has adopted a local law pursuant to subdivision three of
  section fourteen hundred two of  this  chapter,  it  shall  determine  a
  special  equalization  rate  and  furnish  such rate to the clerk of the
  village board of trustees.