When assessment may be increased or decreased.
Section 46
SEC. 46. When assessment may be increased or decreased.—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 improvements placed upon such property during the preceding year, and any property which is taxable and which, has theretofore escaped taxation. He may, during the same period, revise and correct the assessed value of any or all parcels of veal 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.