When a petition for reassessment as provided in Section 727.25.4 is filed within the time prescribed for such filing, the City Treasurer shall assign a time and a place for a hearing thereon and shall notify the petitioner of such hearing by written notice at least twenty days in advance thereof. Such hearing shall be held within 90 days from the date of filing the petition, unless continued by agreement of the parties or by the City Treasurer for sufficient cause.
The hearing shall be informal and shall be conducted in an impartial manner by the City Treasurer or a hearing examiner designated by the City Treasurer. The burden of proof shall be upon the taxpayer to show that the assessment is incorrect and contrary to law, in whole or in part.
After such hearing, the City Treasurer shall, within a reasonable time, give notice in writing of his decision.