Section 9
SEC. 9. Preparation of Schedule of Values for Real Property within the Metropolitan Manila Area.—The Schedule of Values that will serve as basis for the appraisal and assessment for taxation purposes of real properties located within the Metropolitan Manila Area shall be prepared jointly by the City Assessors of the Districts created under Section one hereof, with the City Assessor of Manila acting as Chairman, in accordance with the pertinent provisions of Presidential Decree No. 464, as amended, otherwise known as the Real Property Tax Code, and the implementing rules and regulations thereof issued by the Secretary of Finance.