Bureau of Local Government Finance Opinion

January 3, 2001 BUREAU OF LOCAL GOVERNMENT FINANCE OPINION 1st Indorsement Respectfully referred, thru the Regional Director for Local Government Finance, Department of Finance, Region II, 17 Provincial Road, Caritan Sur, Tuguegarao City, Cagayan, to the Provincial Assessor, Cabarroguis, Quirino, the within letter dated May 16, 2000 of Mr. Avelino A. Silao, Jr., Chief, Field Operations Division, Office of the Provincial Assessor, that province, requesting assistance on whether or not to start the numbering of tax declarations with the prefix 1999 or 2000. It appears that the abovementioned request was prompted by the on-going general revision of real property assessments being conducted by that province under Tax Ordinance No. 03, series of 1999, of the Sangguniang Panlalawigan thereat, which was approved on January 19, 2000 and took effect 15 days after its publication. In this connection, please be informed that the proposed regulations, prescribing the use of assessment forms including the numbering system of tax declarations has already been submitted to the Secretary of Finance for review and approval. cTIESa Accordingly, this Bureau interposes no objection if the prefix 2000 shall be adopted in numbering the tax declarations related to the general revision of real property assessments conducted in year 2000 using the Schedule of Market Values adopted by the Sangguniang Panlalawigan thereat under Ordinance No. 03, series of 1999. It is, worthwhile to note hereon that, the proposed regulations prescribes the same numbering system known as the ARPN, wherein the "first four (4) digit number represents the year the latest general revision of assessments or RPTA Project, as the case may be, was undertaken." Be guided accordingly. (SGD.) BENJAMIN A. GERONIMO Executive Director