When assessment may be increased or reduced.
Section 34
SEC. 34. When assessment may be increased or reduced.—The city assessor shall, during the first fifteen days of January of each year, add to his list of taxable real estate in the city the value of the improvement placed upon such property during the preceding year, and any property which is taxable and which has therefore escaped taxation. He may during the same period revise and correct the assessed value of any or all parcels of real estate in the city which are not assessed at their true money value by reducing or increasing the existing assessment, as the case may be: Provided, however, That no increase in the assessment of a particular real estate shall be made oftener than once every five years.