A. In applying for a property tax abatement, the applicant waives its right to appeal the property tax assessment of any subject property that has been granted an abatement for the life of the abatement. After the property tax abatement expires, the applicant regains the right to appeal the property tax assessment for the formerly abated property in question.

B. By submitting an application for tax abatement, the applicant agrees to pay an administrative fee to the Jasper County Treasurer equal to three percent of the total value abated on an annual basis. The annual payment is to be made at the time the annual compliance paper is due. [Ord. 2-10-20A § 1.]