The city assessor shall, between the first Monday of March and the last day of June in each year, ascertain the names of all taxable inhabitants and all of the property within the corporate limits of the city subject to taxation, except such as is required by law to be assessed by the state board of equalization. He or she shall assess such property to the person by whom it is owned or claimed or in whose possession or control it was at 12:00 noon, of the first Monday in March next preceding. No mistake in the name of the owner or supposed owner of real property shall render the assessment thereon invalid.
(Code 1954 § 20.15)