* § 307. Standards of assessment in certain assessing units. 1. Every assessing unit which by local law, ordinance, resolution or executive order provides for the physical revaluation of all of the real property within its boundaries, or where a county provides for such a physical revaluation on behalf of such assessing unit, and is implementing such local law, ordinance, resolution or executive order with all deliberate speed, shall not be required to comply with the standard of assessment set forth in section three hundred six of this chapter through October thirtieth, nineteen hundred eighty-one, provided, however, that any assessing unit which is presently or becomes subject to a court order requiring compliance with the standard of assessment set forth in section three hundred six of this chapter shall not be required to initiate such a physical revaluation until after October thirtieth, nineteen hundred eighty-one, nor shall any county be required to initiate such a physical revaluation on behalf of such assessing unit until after such date.

2. Real property in each assessing unit where section three hundred six of this chapter does not apply by virtue of the provisions of subdivision one of this section shall be assessed at not more than the full value thereof.

3. Where the respondent in a tax review proceeding which is based in whole or in part on a claim of inequality is an assessing unit whose standard of assessment is set forth in subdivision two of this section, the petition required by section seven hundred six of this chapter shall allege, in addition to the contents otherwise required by such section, that the assessment has been made at a higher proportionate valuation than the assessment of other taxable real property of the same major type, as determined by the state board of equalization and assessment pursuant to section twelve hundred of this chapter, and evidence to such effect may be introduced together with such evidence otherwise admissible under subdivision three of section seven hundred twenty of this chapter.

4. In any proceeding to review an assessment commenced prior to the effective date of this section and pending on such date, the petitioner may amend his petition for the purpose of conforming such petition to the provisions of this section.

5. The provisions of this section shall apply to all pending proceedings or proceedings hereafter commenced.

* NB Expired October 30, 1981