Page:United States Statutes at Large Volume 88 Part 1.djvu/1099

 88 STAT. ]

PUBLIC LAW 93-407-SEPT. 3, 1974

1055

designated representative during normal business hours. Provision shall be made to furnish copies of all material to any pei^son, upon request, at the lowest charge which covers cost of making such copies. (c) The Commissioner shall undertake, publish, and otherwise publicize the results of assessment-sales ratio studies for different types of real property for the entire District and for different types of real property within each of the districts utilized in making assessments. If, for a given year, adequate sales data are lacking for particular studies, the Commissioner shall so indicate. (d) The Commissioner shall, either himself or in a newspaper of general circulation, publish a listing of the assessed value of each property by address, lot, and square, and he shall also make such listing available at the main public library in the District and at such other points as he may determine. Such publication can be by neighborhood areas so long as maps showing the assessment areas are generally available. SEC. 425. Beginning as soon as possible after January 1, but no later than March 1 of each year, each taxpayer shall be notified of the assessment of his real property for the next fiscal year. The notice, or statement accompanying the notice, shall include— (1) the address, lot, square, and type of land use by major category of the property; (2) the assessed value of the land and improvements (shown separately and in total) of the property for the next fiscal year and such amounts for the previous fiscal year; (3) the amount and percentage of change in assessed value over the previous fiscal year; (4) an indication of the reason for such change in assessment, such as, but not limited to, improvements to the property, zoning change, changing market values; (5) statement of appeal procedures pursuant to section 426(i); (6) the citation to the regulations or orders under which the property was assessed; (7) the location of the assessment roll, studies, and notes referred to in sections 424 and 426(g) and the hours during which the information is available; (8) theavailability of a listing of the assessed value of property referred to in section 424(c); and (9) an explanation of all special benefits, incentives, limitations, or credits which relate to real property taxes as a result of this or any other Act. SEC. 426. (a) There is established a Board of Equalization and T»

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D°c'''code 47545!

. B°ard of Equal-. ization and Re-

Jieview tor the District (heremarter m this title referred to as the view for the DIS"Board"') which shall be composed of fifteen members, a majoiity of '"Elt°abiish^'^t^ whom shall be residents of the District, appointed by the Cominis- membersMp!"^" ' sioner, with the advice and consent of th.e Council. The Council may °-^- ^°'^^ '^^" authorize a larger size if the caseload so requires. Members of the Board shall be persons having knowledge of the valuation of property, real estate transactions, building costs, accounting, finance, or statistics. The Commissioner shall name one member as Chairman. None chairman. of the members may be officers of the District of Columbia government. Each member shall serve for a term of five yeare, except of the Term. members first appointed under this section, the Commissioner shall designate equal numbers for terms of one, two, three, four, and five years. The terms of the members first appointed under this section shall begin on January 1, 1975. Any person appointed to fill a vacancy shall be appointed to serve for the remainder of the term during which the vacancy arose. Each member shall receive compensation at a rate compensation. to be determined by the Council unless otherwise prohibited by law,

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