Preparation of valuation rolls

(1) Subject to the provisions hereinafter contained, a valuation of the value or annual value of property within the boundaries of every town shall be made by the valuation officer and such valuation shall be returned in the form prescribed in the First Schedule hereto to be known as the (2) Each local authority may, in respect of its town, appoint a suitably qualified person as a valuation officer either generally or for a particular purpose, in relation to a valuation roll. rolls.