What is one key role of the Arbitration process in tax appeals?

The Arbitration process in tax appeals primarily serves to determine the fairness of assessed values. This mechanism provides a way to resolve disputes between taxpayers and tax authorities by evaluating whether the assessed value of a property is reasonable based on the evidence presented. Arbitration brings a neutral third party into the dispute, who reviews the arguments and evidence from both sides and makes a binding decision regarding the assessment's fairness. This process ensures that assessments reflect true market conditions and are equitable, which is crucial for maintaining taxpayer trust in the assessment process and the overall integrity of the tax system.

Other options, such as setting tax rates or advising the Board of Assessors, do not fall within the scope of arbitration, as this process focuses specifically on individual assessment disputes rather than broad policy or advisory roles. Additionally, while representation of taxpayers can be part of the overall process, arbitration itself is not exclusive to representing any one party but aims to provide a fair resolution for all involved.