§ 12-9. Determination of value of real estate holdings in case of disagreement.

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Should the city attorney, commonwealth's attorney or other judicial officer of the city disagree with a bondsman licensed by the city as to the fair market value of any tract, parcel or lot of land contained in the list filed by such bondsman as provided in section 12-8, the person so disagreeing shall notify such bondsman in writing and, if they cannot agree on the fair market value, then the city attorney, commonwealth's attorney or other judicial officer, as the case may be, and the bondsman shall each select a real estate dealer, and such real estate dealer shall review such real estate and fix the fair market value thereof. If these two (2) real estate dealers cannot agree, then they shall select a third real estate dealer familiar with the market value of real estate in the locality of such real estate and a majority of such dealers shall fix the true market value of such real estate.

(Ord. No. 49, § 8; Code 1916, § 12-51)

(Ord. No. 49, § 8; Code 1916, § 12-51)

                    
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