A.  If the assessors or the municipal officers refuse to make the abatement asked for, the applicant may apply in writing to the board of assessment review within 60 days after notice of the decision from which the appeal is being taken or after the application is deemed to have been denied by the municipal officers. If the board determines the applicant is over-assessed, the applicant is granted such reasonable abatement as the board thinks proper. If the board of assessment review fails to give written notice of its decision within 60 days of the date the application is filed, unless the applicant agrees in writing to further delay, the application is deemed denied and the applicant may appeal to the Superior Court as if there had been a written denial or submit the request for abatement to binding arbitration as provided in paragraph C.

B.  Except with regard to nonresidential property or properties with an equalized municipal valuation of $1,000,000 or greater either separately or in the aggregate, either party may appeal from the decision of the board of assessment review directly to the Superior Court, in accordance with Rule 80B of the Maine Rules of Civil Procedure. The applicant may submit the request for abatement to binding arbitration as provided in paragraph C.

C.  An applicant may submit an application that has been denied by the board of assessment review to binding arbitration by providing written notice to the municipality within the time period for appealing the decision of the board of assessment review to the Superior Court. The applicant’s election to submit to binding arbitration stays any timely filed appeal to the Superior Court by the municipality.

The arbitration must be before a neutral party, jointly chosen by the municipality and the applicant, who:

If the applicant and the municipality cannot agree upon an arbitrator within 14 days of submission to arbitration, the Superior Court, upon request of either the municipality or the applicant, shall appoint a neutral arbitrator in accordance with subparagraphs (1) to (4). The cost of the arbitrator must be shared equally between the municipality and the applicant, except that the arbitrator may decide that the conduct of the parties requires a different allocation of the costs.

The arbitrator shall hold a de novo hearing to determine the fair value of the applicant’s property, assuming a willing buyer and seller and a marketing period of between 3 months and 6 months. The applicant and the municipality may present relevant evidence, cross-examine witnesses and be represented by counsel. The arbitrator is solely responsible for making reasonable determinations of procedure and admissibility of evidence, including compulsion of witnesses, production of evidence and adjournment of the arbitration for good cause shown. The arbitrator shall render a written decision within 60 days of appointment. Upon agreement of both parties, the time restrictions in this paragraph may be waived.

The Superior Court shall confirm the timely filed decision of the arbitrator upon application of either party within 60 days of the arbitrator’s decision unless the Superior Court finds that the decision of the arbitrator was procured by corruption, fraud or other misconduct that substantially prejudiced the rights of either party. The Superior Court may correct any evident miscalculation of figures or obvious errors in description or other matters of form not affecting the merits of the arbitrator’s decision.

If the arbitrator fails to render a decision within 60 days or other time period agreed to by both parties, either party may appeal the original decision of the board of assessment review to the Superior Court as provided in paragraph B. The appeal must be filed no later than the time specified in Rule 80B of the Maine Rules of Civil Procedure following the date by which the decision was due from the arbitrator.