Amendment status not verified — confirm the current text below against the official source.
A Regional Board shall— (a) assess the rateable value or values for the area or areas within the region on the basis of ten per cent. of the market value of land in the area to be determined in such manner as may be prescribed; (b) prepare statements of rateable values for different areas within its jurisdiction and publish such statements in the area concerned in the prescribed manner inviting objections, if any, from interested persons to the assessment of rateable value or values within such period as may be prescribed; (c) consider the objections received by it and after causing such enquiry as may be necessary, determine the rateable value which may be fixed for each area and submit the same for consideration of the State Rating Board.