Bureau of Local Government Finance Opinion

July 19, 1999 BUREAU OF LOCAL GOVERNMENT FINANCE OPINION Ms . Felicitas C. Ona Director Local Government Audit Office Commission on Audit Commonwealth Avenue, Quezon City Dear Director Ona : This refers to your letter dated May 4, 1999, requesting this Office to furnish you with a copy of the report on Taxable and Exempt Parcels and Total Assessed Values of Real Properties for all provinces, cities and municipalities as of December 31, 1998. In this connection, attached in the consolidated report on the number of parcels and assessed values of real properties for all provinces and cities nationwide as of December 31, 1998, for your reference. It is worthwhile to mention hereon that, in determining the collection efficiency of every local government unit (LGU), this Bureau takes particular consideration of the total assessed valuation, the tax rate and the actual real property tax collection based on the following mathematical representation. TSEAaD Total Taxable Assessed Value Collection Efficiency = Actual Collection for as of December 31st of the the period previous year multiplied by the authorized tax rate The total Assessed Value, however, is subject to adjustment to consider assessment duplications and those that are under court litigation, including assessments whose declared owners can no longer be located, in line with Section 270 of R.A. 7160; which adjustment should be supported by a certification from the Assessor on the basis of existing documents on file with his Office. Rest assured of our support in all the undertaking of that Office. Very truly yours, (SGD.) ANGELINA M. MAGSINO Deputy Executive Director Officer-in-Charge