Reassessments of Real Properties Affected by Typhoon Ruby

December 11, 2014 BLGF MEMORANDUM CIRCULAR NO. 049-14 TO : All Regional Directors of Local Government Finance, and All Provincial, City and Municipal Treasurers and Assessors SUBJECT : Reassessments of Real Properties Affected by Typhoon Ruby In view of the recent destructions caused by Typhoon Ruby experienced in different parts of the Philippines, causing severe damage and loss to properties, all concerned assessors, are hereby instructed to abide by the provisions of the Manual on Real Property Appraisal and Assessment Operations (MRPAAO) issued by the Department of Finance thru the Bureau of Local Government Finance (BLGF), under Local Assessment Regulations No. 1-04 dated October 1, 2004, in pursuance of Section 201 of the Local Government Code of 1991, which mandates among others, the following: Chapter 1, Local Government Assessment Organization 'Section 1(C) Duties Functions and Responsibilities of Local Assessors: (1) Major Functions "(a) . . . "l) Eliminate from the assessment roll of taxable properties such properties which have been destroyed or have suffered permanent loss of value by reason of storm, flood, fire or other calamity; or being exempt properties that have been improperly included in the same; "m) Decrease the assessment where the property previously assessed has suffered a substantial loss of value by reason of physical and economic obsolescence and" As such, all assessors of the affected local government units (LGUs) are instructed to update all their assessment records as a result of the reassessments made. It is therefore requested that everytime destructions/disasters (either natural and man-made) occur, assessors are directed to correspondingly comply with the above reassessments without directives from the BLGF. ESTCHa For your information and guidance. (SGD.) SALVADOR M. DEL CASTILLO OIC-Executive Director Bureau of Local Government Finance