All city taxes in cities of the second class A to be assessed, levied, and collected for the year one thousand nine hundred and thirty-six and subsequent years, shall be based upon the assessment of properties and persons made for said years for taxation for county purposes. It shall be the duty of the proper county taxing authorities to furnish annually to said cities and to the school districts, coterminous therewith, a properly certified duplicate of the last adjusted valuation of all properties and persons taxable for county purposes within the territorial limits of said cities, excepting only such assessments of intangible personal property as shall not be subject to the payment of city or school taxes.
53 P.S. § 30752