§ 10. Board of equalization.

(a)

This section shall be in effect at such time or times, if any, as state law shall not provide for the functions and duties of the board of equalization to be provided by another governmental entity. If the functions and duties of the board of equalization are not by law or contract being provided by another entity, there shall be a board of equalization in the city which shall be composed of three qualified taxpaying and property owning citizens of the city, whose powers and duties shall be established by ordinance which shall provide powers and duties consistent with those then given by state law to other governmental entities in regard to the equalization of property values for taxation purposes.

(b)

Said board, constituted as herein provided, shall continue for a period of one year and shall be a standing committee to which all matters relative to valuation and renditions shall be referred; the members of said board shall receive such compensation as may be provided for by ordinance of the city council.

(c)

Said board shall meet at the city hall, or such other place as may be designated by its order of appointment by the city council, within ten days after being notified by the assessor of taxes that the assessment rolls of the City of Uvalde are completed and ready for its inspection and it shall complete its work as expeditiously as possible and in no event delay the completion thereof more than sixty (60) days from its first meeting and it shall file its final report with the mayor and city council not later than fifteen (15) days after the completion of its work.

(d)

In case of dissatisfaction with the decision of said board of equalization by any taxpayer, an appeal therefrom may be made by such taxpayer to the city council, provided such appeal is made within five days after said decision by written petition specifically stating the things complained of. The decision of the city council in all cases of appeal shall be final and binding.