138.4. Where an application for review must be filed before 1 May following the coming into force of the roll, the applicant and the assessor may enter into an agreement on an alteration to the roll on or before 1 September of the same year.
In every other case, such an agreement may be entered into on or before the later of 1 September following the coming into force of the roll and the date occurring four months after the date of the filing of the application for review.
The agreement must be in writing and specify the date from which the alteration to the roll resulting from the agreement is to have effect.
A municipal body responsible for assessment may, before 15 August of the year following the coming into force of the roll, extend until 1 November of the same year the time limit for entering into an agreement under the first paragraph.
The clerk of the body must, as soon as possible, give notice of the extension to the Tribunal and to the persons having filed an application for review referred to in the first paragraph who have not entered into an agreement under that paragraph.
1996, c. 67, s. 25; 1997, c. 43, s. 264.