Section 1618. Equalization

1. The state board shall establish equalization
  rates for a consolidated  assessing  unit  in  the  manner  provided  by
  article  twelve  of  this  chapter, except as otherwise provided by this
  section.
    2. Once the first final assessment roll of  a  consolidated  assessing
  unit  has  been  completed and filed, each market value survey commenced
  thereafter shall be conducted with respect to the consolidated assessing
  unit  as  a  whole,  rather  than  with  respect  to   the   constituent
  municipalities.
    3.  Beginning  with  the first equalization rate which is based upon a
  market value survey of a consolidated assessing unit  as  a  whole,  the
  state  board  shall  establish  equalization  rates for the consolidated
  assessing unit as a whole, and shall not establish such  rates  for  the
  constituent municipalities.
    4.  For  purposes  of  the review and establishment of an equalization
  rate for a consolidated assessing unit, the consolidated assessing  unit
  shall  have  the  rights that would otherwise be applicable to a city or
  town, including:
    (a) The notice of completion of the tentative  equalization  rate  for
  the  consolidated  assessing  unit shall be directed to the consolidated
  assessing unit.
    (b) The consolidated assessing  unit  shall  be  entitled  to  file  a
  complaint with respect to such rate.
    (c)  The  certificate  of  final  equalization rate for a consolidated
  assessing unit shall be filed with the consolidated assessing unit.
    5. When the state board has established a final equalization rate  for
  a  consolidated  assessing  unit  as a whole, school district and county
  taxes within  the  consolidated  assessing  unit  shall  be  apportioned
  without the use of equalization rates, notwithstanding the provisions of
  articles eight and thirteen of this chapter.