Assessment of Property Subject to Back Taxes.
Section 25
SEC. 25. Assessment of Property Subject to Back Taxes. —Real property declared for the first time shall have back taxes assessed against it for the period during which it would have been liable if assessed from the first in proper course but in no case for more than ten years prior to the year of initial assessment; Provided, however, That the back taxes shall be computed on the basis of the applicable schedule of values in force during the corresponding period. If said taxes are paid before the expiration of the tax collection period next ensuing, no penalty for delinquency shall be imposed, otherwise the taxes shall be subject to all the penalties to which they would have been liable had they originally become deliquent after assessment of the property in the usual course.