Equalization Rate. The equalization rate to be used in making the computation contemplated by 13(b)(i) hereof shall mean the equalization rate for the Town used by the County to allocate and levy County taxes in connection with the January I st tax roll immediately preceding the due date of the PILOT Payment. In the event that the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in making the computation contemplated by 13(b)(i) shall be one hundred (100%) percent.
Equalization Rate. The equalization rate to be used in malting the computation contemplated by if3(b)(i) hereof shall mean the equalization rate for the Town used by the Cou..11.ty to allocate and levy Cmu1ty ta.xes in connection wit.h. the Janua..ry 1st tax roH immediately preceding the due date of the PILOT Payments. In the event that the equalization rate shall exceed one hundred (100%) percent, the equalization rate used in malting the computation contemplated by if3(b)(i) shall be one hundred (100%) percent.
