Section 40-3-19

Meetings — Hearing objections to valuations.

For the purpose of hearing objections filed in writing to any assessments or valuations fixed as provided for herein, the boards of equalization shall sit at the courthouse in their respective counties on the first Monday in June in each year, from 9:00 A.M. to 5:00 P.M., and shall continue as long as may be necessary; provided, that such sitting shall not be extended beyond the second Monday in July, unless otherwise ordered by the Department of Revenue, to dispose of all cases where objections to valuations or assessments have been filed in writing by any taxpayer, as provided in this chapter.

For the purpose of hearing objections filed in writing to any assessments or valuations fixed as provided for herein, in counties where the board of equalization serves full time, the boards of equalization will sit at the courthouse in their respective counties, beginning immediately upon receipt of said written protests to changes in value mailed on February 1, from 8:00 A.M. to 5:00 P.M. and shall continue as long as may be necessary: provided, that such sitting shall not be extended beyond the second Monday in July, unless otherwise ordered by the Department of Revenue, to dispose of all cases where objections to valuations or assessments have been filed in writing by any taxpayer, as provided in this chapter. At such sitting the property owner may appear in person, or by agent or attorney, and produce evidence in support of objections, if any, to any assessment or valuation heretofore made, and it shall be the duty of the county board of equalization to examine under oath any complaining property owner and to examine any other witnesses under oath as to the fair and reasonable market value of the property of such owner, and if it is found from the evidence that the valuation theretofore placed was not the amount specified by law based on the reasonable market value of such property, whether more or less, then the said valuation or assessment shall be corrected so that it will show the amount specified by law based on a fair and reasonable market value, and such corrected amount shall constitute the assessed value of such property. But if it is found from the evidence that the assessed value placed on the property was the amount specified by law based on a fair and reasonable market value thereof, the said value shall stand as the assessed value of said property, unless an appeal is taken therefrom as provided by this chapter.

(Acts 1939, No. 143, p. 178; Code 1940, T. 51, §107; Acts 1964, 1st Ex. Sess., No. 217, p. 299, §6.)