What does it mean to request binding arbitration?

Within 10 days of receiving your appeal to Binding Arbitration, the Board of Tax Assessors will send an acknowledgment to you stating your requirement to provide us, at your expense, a certified appraisal of your property prepared by a qualified appraiser. Also, you will be required to submit a filing fee. You will have 45 days to submit your certified appraisal and your filing fee. Upon receipt, the Board of Tax Assessors must either accept or reject your appraisal. If we accept your appraisal this will become the final value, the appeal will be resolved, and we will return your filing fee. If we do not accept your appraisal, within 45 days we must certify your appeal to the Clerk of Superior Court with your filing fee. If we do not act within 45 days, your certified appraisal shall become the final value.

Within 15 days of filing the appeal with the Clerk of Superior Court, the Chief Judge shall issue an order authorizing the arbitration. Within 30 days of his/her appointment, the arbitrator will schedule the time and location of the hearing.