120. Where a complaint relates to a unit of assessment, a place of business or premises whose real estate value or rental value entered on the roll is equal to or greater than the value fixed by regulation of the Government, the decision of the board must state the reasons on which it is based, either in writing or verbally at the sitting, and be entered in the minutes.
In other cases, the decision must state the reasons on which it is based, in writing.
Every decision of the board must be signed by the member presiding over the sitting at which it is rendered and be filed in the record of the case.
1979, c. 72, s. 120; 1982, c. 63, s. 200; 1988, c. 76, s. 37.