(a) Any person aggrieved by any assessment as the same shall be fixed following revision
of assessments by the board, may file an appeal therefrom with the board. Appeals from real estate assessments shall be filed on or before the first Monday
of October. Other appeals shall be filed within the time fixed by law, or in cases in which
no time is provided by law, within such time as the board shall prescribe. The board shall set a time or times at which it shall hear all appeals which have
been properly filed.
(b) In any appeal of an assessment the board shall make the following determinations:
(1) The current market value for the tax year in question.
(2) The common level ratio.
(c) The board, after determining the current market value of the property for the
tax year in question, shall then apply the established predetermined ratio to such
value unless the common level ratio varies by more than fifteen percent from the established
predetermined ratio, in which case the board shall apply the common level ratio to
the current market value of the property for the tax year in question.
(d) Nothing herein shall prevent any appellant from appealing any base year valuation
without reference to ratio.
(e) The board shall complete its hearings of appeals and shall dispose of all appeals
before it as promptly as possible.
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