Taxes on real estate.
Section 24
SEC. 24. Taxes on real estate.—A tax shall be levied annually on the assessed value of all the real estate in the city subject to the provisions of Commonwealth Act Numbered Four hundred seventy, known as the Assessment Law, and other existing laws on the subject and the same shall be collected in the same form and manner prescribed in such laws. The powers and other functions as well as the duties imposed by the said Act Numbered Four hundred seventy upon provincial boards, shall be vested in and performed by the city council. All other provisions of the Assessment Law, as amended, are hereby made applicable to the City of Basilan.