(A) Appointment and qualifications. The Board of Review shall be appointed by the Mayor, subject to the approval of the Council, and shall be composed of three persons having the qualifications required by this Charter for officers of the city, who are taxpayers of the city, and who during their term of office shall not be city officers, employees, or appointees, or be nominees or candidates for elective city offices. The filing by a member of the Board of Review of his nomination petition for an elective city office or the filing of a consent thereto shall constitute a resignation from the Board of Review. The appointment of members of such board shall be based upon their knowledge and experience in property valuation. The Council shall designate three-year staggered terms and each term shall commence January 1. Compensation of the members of the Board of Review shall be fixed by the Council. The members of said board shall take the constitutional oath of office which shall be filed with the City Clerk.
(B) Meetings. The Board of Review shall convene during the first week in March of each year for the purpose of considering and correcting the roll. One week after the first working day in March of each year, the assessment roll, as corrected, shall be open for public inspection. Notification shall be given by first class mail on or about one week before the meeting of the Board of Review to owners of property according to the names of such owners and their addresses upon the tax roll, when their assessed valuation is increased by the Assessor or the Board of Review by 5% or more over the state equalized valuation for said property as shown on the tax roll for the year preceding. Failure on the part of the Assessor to give such notice or of the owner to receive it shall not invalidate any assessment roll or assessment thereon. The Board shall convene two weeks after the first working day in March of each year, for the purpose of hearing the public, and shall continue in session for three consecutive working days, provided that on the third day, the Board shall remain in session until 9:00 p.m., and shall remain in session as many days thereafter as may be required for the completion of its duties.
(C) Organization and functions. On the first day of its meeting in each year, the Board of Review shall elect one of its members chairman. The Assessor shall be secretary of the Board and shall attend its meeting with the privilege of participating therein, but without the right of vote upon any decision of the Board. It shall be the duty of the Assessor to keep a permanent record of all proceedings, and to enter therein all resolutions and decisions of the Board. Such record shall be filed with the City Clerk within 30 days after the adjournment of the Board. A majority of the members of the Board shall constitute a quorum. For the purpose of reviewing and correcting assessments, the Board of Review shall have the same powers and perform like duties in all respects as are by the general tax law conferred upon and required of Boards of Review in townships. It shall hear the complaints of all persons considering themselves aggrieved by assessments, and if it shall appear that any person or property has been wrongfully assessed or omitted from the roll, the Board shall correct the roll in such manner as it shall deem just. In all cases, the assessment roll shall be reviewed according to the facts existing on tax day and no change of the status of any property after said day shall be considered by the Board in making its decisions. Except as otherwise provided by law, no person other than the Board of Review shall make or authorize any change upon or additions or corrections to the assessment roll.