Adherence to the: (a) Assessment Calendar for the Purpose of Conducting a General Revision of Real Property Assessments; (b) Date of its Effectivity and; (c) Notification of New or Revised Assessment

February 25, 2011 BLGF MEMORANDUM CIRCULAR NO. 003-11 TO : All Regional Directors for Local Government Finance; Provincial, City and Municipal Assessors and Others Concerned SUBJECT : Adherence to the: (a) Assessment Calendar for the Purpose of Conducting a General Revision of Real Property Assessments; (b) Date of its Effectivity and; (c) Notification of New or Revised Assessment In view of DOF-DILG Joint Memorandum Circular (JMC) No. 2010-01, dated October 20, 2010 entitled: "Enjoining All Provinces, Cities and the Municipality of Pateros, Metro Manila to Prepare the Schedule of Market Values (SMVs) of Real Property and to Conduct the General Revision of Real Property Assessments in their Respective Jurisdictions," hereunder is a reiteration of the pertinent provisions of the Manual on Real Property Appraisal and Assessment Operations (Assessor's Manual); and Sections 221 and 223 of R.A. No. 7160, otherwise known as the Local Government Code of 1991 , in order to ensure proper implementation thereof, viz. : THcEaS Section 1, Chapter III of the Assessor's Manual: "SECTION 1. General Revision of Assessments and Property Classification. "The Provincial, City or Municipal Assessor shall undertake a general revision of real property assessments once every three (3) years, which shall commence upon the enactment of the Schedule of Fair Market Values (SFMV) into an ordinance by the sanggunian concerned. "For this purpose, the Provincial Assessors, the City Assessors and the Municipal Assessors of the Metropolitan Manila Area shall prepare the Schedule of Fair Market Values for the different kinds and classes of real property within the territorial jurisdiction of the province, city or municipality in accordance with this manual. " Appraisal/Assessment Calendar For the purpose of the general revision of property assessments the appraisal and assessment process and its component activities shall be governed by the calendar herein prescribed, as follows: "Activity By Whom Period 1. Acceptance of sworn Offices of Provincial, City Jan. 1 to June statements declaring the true and Municipal Assessors 30 of the first values of real property to be year. filed by real property owners/administrators. 2. Gathering and analysis of data Offices of Provincial, City July 1 to and preparation of preliminary and Municipal Assessors September 30 Schedule of Market Values. of the first year. 3. Preparation of final Schedules Provincial and City Not later than of Fair Market Values. Assessors and Municipal October 15 of Assessors of the first year. municipalities within the Metropolitan Manila Area 4. Submission of the Schedule of Provincial and City Not later than Fair Market Values to the Assessors and the October 30 of Sanggunian concerned and Municipal Assessors of the first year. conduct of public hearing. municipalities within the Metropolitan Manila Area 5. Enactment of Ordinance Sangguniang Not later than adopting the Schedules of Fair Panlalawigan or January 31 of Market Values. Panlungsod or the second Sangguniang Bayan of a year. municipality within the Metropolitan Manila 6. Publication of the Schedules in Sanggunian concerned Not later than a newspaper of general February 28 of circulation in the locality or the second Posting in the Provincial year. Capitol, City or Municipal Hall and in two other conspicuous public places. 7. Preparation of Field Appraisal Provincial, City or Not later than and Assessment Sheets, Tax Municipal Assessors September 31 * Declarations and Notices of of the second Assessments, and mailing or year. delivering of said notices to property owners. 8. Preparation of Assessment Provincial, City or Not later than Rolls and the copies thereof Municipal Assessors November 30 sent to Provincial, City and of the second Municipal Treasurers. year. 9. Effectivity of the revised Real Provincial, City or Not later than Property Assessments. Municipal Assessors January 1st of the third year." R.A. No. 7160: "Section 221. Date of Effectivity of Assessment or Re-Assessment. All assessments or reassessments made after the first (1st) day of January of any year shall take effect on the first (1st) day of January of the succeeding year: Provided, however, That the reassessment of real property due to its partial or total destruction, or to a major change in its actual use, or to any great and sudden inflation or deflation of real property values, or to the gross illegality of the assessment when made or to any other abnormal cause, shall be made within ninety (90) days from the date any such cause or causes occurred, and shall take effect at the beginning of the quarter next following the reassessment. "xxx xxx xxx. "Section 223. Notification of New or Revised Assessment. When real property is assessed for the first time or when an existing assessment is increased or decreased, the provincial, city or municipal assessor shall within thirty (30) days give written notice of such new or revised assessment to the person in whose name the property is declared. The notice may be delivered personally or by registered mail or through the assistance of the punong barangay to the last known address of the person to be served. It is further emphasized that the format of the SMVs should conform with the format prescribed under Section 5 (C), Chapter III, of the said Assessor's Manual. The Regional Directors and Provincial Assessors are hereby instructed to disseminate the contents of this Circular, including the attachments, to the Municipal Assessors within their respective jurisdictions. HcTSDa (SGD.) MA. PRESENTACION R. MONTESA, CESO III Executive Director