any municipality he shall so certify to the provincial board, and the assessment shall become effective, and taxes shall accrue and be payable thereunder commencing with the year next ensuing. [2238-11.] S ECTION  443 . Principle Governing Valuations and Assessments . — All real property subject to taxation under the provisions of this chapter shall be valued and assessed for taxation at its true and full value in accordance with the schedule of values in forc e in the municipality wherein it is situated. So far as properly applicable such schedule shall be controlling; but where the property to be assessed is of a kind not classified in the schedule or of a kind for which a value is not therein fixed, it shall  be assessed at its full and true value, independently of such schedule. DEcSaI S ECTION  444 . Declaration to be Prepared by Owner . — It shall be the duty of every owner of real property within a municipality to prepare, or cause to be prepared, a declaration of the amount thereof which he owns within the municipality. Such declaration  shall contain a description sufficient in detail to enable the provincial assessor to identify the same on examination. He shall subscribe the declaration and verify the same on oath before the municipal secretary of the municipality in question or before the provincial assessor, or if not conveniently accessible to one of these, before any municipal secretary or any other  person generally authorized to administer oaths. The declaration made by the owner shall be accepted  prima facie  as correctly describing the quantity and character of the property covered by it. [82-51; 303-1  (l) ; 2238-7.] S ECTION  445 . Assessment of Back Taxes . — Real property declared for the first time shall have back taxes assessed against it for the period during which it would have been liable if assessed from the first in proper course but net in any case for more than  the four years prior to the year of the initial assessment. But real property, part of the area or improvements of which are declared for the first time, will not be subject to taxation on such newly declared area or improvements till the year following t hat of assessment. CIAcSa If said taxes are paid before the expiration of the tax collection period next ensuing, no penalty for delinquency shall be imposed, but if they be not so paid the property shall be subject to all the penalties to which it would have been liable had it ori ginally become delinquent after assessment in usual course. 141 Copyright 2012 CD Technologies Asia, Inc. and Accesslaw, Inc. Philippine Law Encyclopedia 2011