Amount of tax payable, and tax to be paid in advance

Amount of tax payable, and tax to be paid in advance:

1. (1) Unless the amount entered in the assessment list is subsequently altered as provided in this Act, the amount entered in the list shall be deemed to be the amount due on account of property tax on the annual value of holdings. In the case of subsequent alteration, if any, the amount in relation to which the assessment or rating is so altered shall be deemed to be the amount due.
2. (2) Such tax shall be payable in quarterly instalments and every such instalment shall be deemed to be due in the first day of the quarter in respect of which it is payable.
3. (3) If any amount due is paid within thirty days from the date of presentation of the bill under section 252, a rebate, not exceeding ten percent of such amount as may be determined by the Board of Councillors, shall be allowed.
4. (4) Subject to the provisions of sub-section (2), the payment of taxes may be made in such manner as may be specified by the Executive Council.