General revision of values of property subject to tax.
Section 9
SEC. 9. General revision of values of property subject to tax. — When so directed by the Secretary of Finance, or by the provincial board with the approval of the Secretary of Finance, the provincial assessor shall make a general revision of real property values in his province or in any municipality or municipal district thereof, and shall make a new assessment or revised assessment thereof according to law. A general assessment revision shall not be made more frequently than once in two years. All expenses in connection with a general revision of assessments shall be prorated among the various provincial and municipal funds concerned in the same proportion as the real property tax accrues to said funds during the year in which the expenses are incurred.