Section 8.5. (a) Except as provided in subsection (b) of this section, for purposes of taxation, when there is a change in assessment made by the board as a result of an assessment appeal, a taxing district shall apply the changed assessment in computing taxes imposed in the next fiscal year of the taxing district following the fiscal year in which the board heard the appeal and rendered its decision.
(b) The provisions of subsection (a) of this section shall not apply to interim assessments made pursuant to subsection (b) of section 8, reductions in assessments due to a catastrophic loss pursuant to section 8.3, and corrections to assessments made due to clerical or mathematical errors pursuant to section 8.4.
(8.5 added July 2, 1996, P.L.527, No.90)