AMC Act 105Chapter V · Chapter IX
Section 105 · Periodic assessment
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(1)
The annual value of a holdings comprising land or building which has been determined before and is in force on the date of the commencement of this Act, shall remain in force until a fresh valuation list is enforced under this Act.(2)
The Mayor-in-Council shall cause a general valuation of all holding in accordance with the provisions of this Chapter as soon as possible after the constitution of a new Corporation and at periodic intervals so as to ensure that there is a revision of annual valuation of all municipal holdings at the termination of successive period of six years.Your private note on this section
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