Notwithstanding paragraphs A and B, a municipality that has approved exemptions under this subchapter may recover from the State 100% of the property tax revenue lost due to the exemption of BETR-expired property.__The bureau shall reimburse the Unorganized Territory Education and Services Fund for taxes lost by reason of the exemption according to the same schedule.

3.__Information provided to State; deviations in assessment ratio.__The assessor shall provide by June 1st annually any relevant information requested by the bureau for the purpose of determining the actual assessment ratio in use for personal property in the municipality.__The certified ratio declared by the municipality must be considered accurate by the bureau if it is within 10% of the assessment ratio last determined by the bureau in its annual report of ratio studies.__The assessor may submit additional information on the relevant assessment ratio to the bureau in order to prove that a different ratio should apply.__ The bureau may accept a certified ratio that deviates more than 10% from the bureau's most recent state valuation report only if the information submitted by the municipality clearly indicates that the certified ratio is more accurate than the assessment ratio contained in the bureau's most recent report.

4.__Payments by State.__Reimbursements to municipalities must be made as described in this subsection.__A municipality claiming reimbursement under this section shall submit a claim to the bureau by November 1st of the year in which the exemption applies or within 30 days of commitment of taxes, whichever occurs later.__ The bureau shall review the claims and determine the total amount to be paid.__The bureau shall certify and the Treasurer of State shall pay by December 15th of the year in which the exemption applies the amount that the bureau determines for that tax year.__ Municipal claims that are timely filed after November 1st must be paid as soon as reasonably possible after the December 15th payment date.

5.__Reimbursement for state-mandated costs.__The bureau shall reimburse municipalities and the Unorganized Territory Education and Services Fund for state-mandated costs in the manner provided in Title 30-A, section 5685.

§695.__Denial of exemption; appeals

If the assessor determines that a property is not entitled to an exemption under this subchapter, the assessor shall provide a notice of denial, including the reasons for the denial, to the