Amendment status not verified — confirm the current text below against the official source.
(1) In order to levy the Urban Immovable Property Tax, the prescribed authority may obtain in the beginning of each year from the Municipal Board or Town Committee, as the case may be, a list of owners of lands and buildings with their addresses in respect of which annual value has been determined by the Municipal Board or Town Committee. (2) Where no annual value of any land or build ing has been determined by the Municipal Board or Town Committee, the prescribed authority , after mak ing such enquiries as may be necessary, shall determine the valuation of such land or building within such Municipal are a as hereinafter provided and shall enter the same in a list called the draft Valuation List, which shall be in the prescribed form. (3) As soon as may be, after preparation of the draft Valuation List, the prescribed authority shall publish a notice in the prescribed manner calling for any objection to the said Valuation List, to be pre ferred within thirty days of the date of publication of the said notice. (4) Where any objection is preferred under sub section (3), the prescribed authority shall, after afford ing a reasonable opportunity of being heard to the objector, decide the objection and shall confirm or modify the draft Valuation List. 4 (5) Subject to such modification as provided in 'this Act, the draft Valuation List shall be final Valua tion List after thirty days of issue of the notice under sub-section (3). Returns. The prescribed authority, in order to prepare the Valuation List under section 6 may, whenever it thinks fit. by notice require any owner or occupier of urban land or building to furnish it, within fifteen days, with return of the ren t or annual. value thereof and such oth er information as it may requ ire; and the prescribed authority, at any time between sunrise and sunset, may enter, inspect and measure any such land or bu ild ing: Provided that the prescribed authority may, in respect of any particular owner or occupier and for reasons to be recorded in writing, extend the date of furnishing returns. Principles of