An Ordinance Classifying/Prescribing the Market Values of the Different Classes of Real Properties in the Province of Eastern Samar for CY 20010 General Revision of Assessment and Property Classification

October 19, 2009 Excerpt from the Minutes of the Regular Session Held by the Sangguniang Panlalawigan Members of Eastern Samar on October 19, 2009 at the Sangguniang Panlalawigan Session Hall Legislative Building, Borongan City, Province of Eastern Samar. EASTERN SAMAR PROVINCIAL ORDINANCE NO. 002-09 AN ORDINANCE CLASSIFYING/PRESCRIBING THE SCHEDULE OF FAIR MARKET VALUES FOR THE DIFFERENT CLASSES OF REAL PROPERTIES IN THE PROVINCE OF EASTERN SAMAR FOR CY 2010 GENERAL REVISION OF ASSESSMENT AND PROPERTY CLASSIFICATION BE IT ORDAINED BY THE SANGGUNIANG PANLALAWIGAN IN ITS REGULAR SESSION DULY ASSEMBLED AT THE SP SESSION HALL, LEGISLATIVE BUILDING, BORONGAN, EASTERN SAMAR ON OCTOBER 19, 2009 . SECTION I. Title . This Ordinance shall be known as "an Ordinance classifying/prescribing the Market Values of the different classes of Real Properties in the Province of Eastern Samar for CY 20010 n General Revision of Assessment and property classification." SECTION II. Declaration Policy . It is the declared policy of the Province of Eastern Samar to classify/prescribe the appropriate fair Market Values of the different classes of Real Properties in the province pursuant to Section 217 of RA 7160. SECTION III. The schedule of Fair Market Values for CY 2010 General Revision of Assessment and property classification as submitted by the Provincial Assessor's Office to the Sangguniang Panlalawigan were adopted and approved in its entirety and forming as an integral part hereof. HTcADC SECTION IV. Adopted Provision . All Department of Finance-Bureau of Local Government Finance Assessment Regulation, Memoranda, Issuances and Circulars, and the Manual on Real Property Assessments are hereby adopted and made integral part of this ordinance. SECTION V. Separability Clause . Should any portion, section, or provision of this ordinance declared unconstitutional, ultra vires, or invalid, said declaration shall not have any effect of nullifying the other portion or provisions hereof as long as such remaining portion or provision can still subsist and be given for and effect. SECTION VI. Effectivity . This Ordinance shall take effect on the First Day of January 2010 upon compliance with the posting and publication requirement. ENACTED :October 19, 2009 APPROVED :October 19, 2009 MOVANT :Hon. Generoso A. Yu SECONDER :Hon. Pedro M. Macabocsit (SGD.) HON. ENERIO M. SABULAO Temporary Presiding Officer (SGD.) HON. ALDWIN UY-AKLAO SP Member (SGD.) HON. GENEROSO A. YU SP Member (SGD.) HON. J. VICENTE R.M. OPINION SP Member/Floor Leader (SGD.) HON. PEDRO M. MACABOCSIT SP Member (SGD.) HON. CIRILO R. BALAGAPO, JR. SP Member (SGD.) HON. THELMA UY-NICART Prov'l. PCL President/Ex-Officio Member (SGD.) HON. EDITA B. SEPULVEDA SP Member (SGD.) HON. FRANC DANIEL D. LUCERO Prov'l. ABC President/Ex-Officio Member I HEREBY CERTIFY that the foregoing is a true and accurate copy of the Provincial Ordinance which was duly adopted by the Sangguniang Panlalawigan of the Province of Eastern Samar during its Regular Session held on October 19, 2009. (SGD.) FRANKLIN N. ROBEDIZO Secretary to the Sanggunian APPROVED: (SGD.) BEN P. EVARDONE Governor ATTACHMENT 12 GR Form No. 1 CLASSIFICATION OF AGRICULTURAL LANDS Chapter 2, Section 212 R.A. 7160 The principal crop used should be the basis of classification of agricultural lands such as riceland, cornland, coconutland and other crop land, that is predominantly developed in the locality. Each class shall further be sub-classified into first, second, third or more classes on the basis of their productivity. RICELAND (LOWLAND) WITH IRRIGATION FACILITIES First class with a productivity of more than 165 cavans of palay annually per hectare. Second class with a productivity of 126 to 165 cavans of palay annually per hectare. Third class with a productivity of 86 or less and up to 125 cavans of palay annually per hectare. aScITE RICELAND (LOWLAND) WITHOUT IRRIGATION FACILITIES First class with a productivity or more than 63 cavans of palay annually per hectare. Second class with a productivity of 47 to 63 cavans of palay annually per hectare. Third class with a productivity of less than 47 cavans of palay annually per hectare. RICELAND (UPLAND) First class with a productivity of more than 43 cavans of palay annually per hectare. Second class with a productivity of less than 43 cavans of palay annually per hectare. CORN LAND First class with a productivity of more than 44 cavans n of corn annually per hectare. Second class with a productivity of from 28 to 44 cavans of corn annually per hectare. ABACA LAND First class with a productivity of more than 22 piculs of fiber annually per hectare. Second class with a productivity of less than 12 piculs of fiber annually per hectare. COCONUT LAND First class Coconut trees with an average annual production of 10,000 or more nuts per hectare. Second class Coconut trees with an average annual production of 9,000 or more nuts per hectare. Third class Coconut trees with an average annual production of 6,000 or less nuts per hectare. Note: (Estimated Average No. of trees per hectare 150 coconuts) PRODUCTIVITY CLASSIFICATION OF COCONUT TREES First class with a productivity of more than 70 nuts annually per tree. Second class with a productivity of from 50 to 69 nuts annually per tree. Third class with a productivity of less than 33 nuts annually per tree. The productivity classification of other crop lands not mentioned on the above classification, such as tree-farm, sugar, fishponds, vegetable, banana, etc.,shall be determined by the assessor on the basis of the annual yield per hectare. Data on production of agricultural lands may be secured from the offices of the provincial or City Agriculturist and the provincial Officer of the Bureau of Plant and Industry. Each crop land should use the applicable unit of measure such as cubic meter for tree farms, piculs for sugar, kilos for fishponds, etc. for fruit bearing trees, the number of fruits shall be the basis of measure. In setting up the ranges of annual yield in each class, the assessor should see to it that the ranges are reasonable. HEITAD LAND VALUATION OF AGRICULTURAL LANDS WITH PRODUCTIVITY CLASSIFICATION KINDS OF LANDS CLASS & BASE UNIT MARKET VALUE (Per Hectare) Class 1 Class 2 Class 3 1. RICE LAND, Lowland with natural or artificial irrigation. P45,490.00 P34,390.00 P25,780.00 2. RICE LAND, Lowland without Irrigation. 34,250.00 25,570.00 17,450.00 3. RICE LAND, Upland or other kind of undeveloped ricelands. 19,330.00 14,260.00 NONE 4. COCO LAND 37,200.00 27,670.00 22,120.00 5. ABACA LAND 10,150.00 7,360.00 6,160.00 6. CORN LAND 10,260.00 8,880.00 NONE 7. FISHPOND 126,010.00 95,240.00 70,990.00 LOCATION ADJUSTMENT OF VALUES FOR AGRICULTURAL LANDS A. 1. ALONG SEASHORES AND NAVIGABLE RIVERS: No deduction from base value of 100 %. B. TYPE OF ROADS: 1. PROVINCIAL OR NATIONAL HIGHWAY: No deduction from base value of 100%. 2. OTHER ALL WEATHER ROADS: 3% deduction from base value of 100%. 3. DIRT ROAD: 6% deduction from base value of 100%. C. FOR NO ROAD OUTLET: DISTANCE IN KM. TO (a) all weather road (b) Local trading center (Pobl.) 0 to 1 0 +5% Over 1 to 3 -2% 0 Over 3 to 6 -4% -2% Over 6 to 9 -6% -4% Over 9 -8% -6% OTHER KINDS OF AGRICULTURAL LANDS WITHOUT PRODUCTIVITY CLASSIFICATIONS (Base Market Value per Hectare) 1. Orchard Lands P10,000.00 2. Bamboo Lands 10,000.00 3. Cogon Lands 6,810.00 4. Root Crops (Camote, Cassava, etc.) & Vegetable Lands 8,120.00 5. Pasture Lands 6,810.00 6. Mangrove or Swampy Lands 6,810.00 7. Palawan Lands 8,120.00 8. Nipa Land with Plants 8,120.00 IMPROVEMENTS WITHOUT PRODUCTIVITY CLASSIFICATION (Base Market Value per Tree) COCOTREES Fruit Bearing: a.) 1st Class P240.00 b.) 2nd Class 200.00 c.) 3rd Class 140.00 Non-Fruit Bearing 54.00 IMPROVEMENTS WITHOUT PRODUCTIVITY CLASSIFICATIONS (Base Market Value per tree, hill or clumps) 1. Atis 50.00 2. Avocado 110.00 3. Balinbin 70.00 4. Rimas (Bread Fruit) 110.00 5. Buri Palm 60.00 6. Cabo Negro 60.00 7. Cahil 60.00 8. Caimito 60.00 9. Calamansi 60.00 10. Camanchili 40.00 11. Tamarind 40.00 12. Papaya 40.00 13. Guavano (Banano) 60.00 14. Santol 100.00 15. Palawan (per hill) 40.00 16. Gabi (per hill) 50.00 17. Camote (per hill) 50.00 18. Cassava (per hill) 50.00 19. Mango 1,210.00 20. Bamboo (Cabogawan, Patong, butong (per clump) 250.00 21. Bamboo (Cawayan Lunas, Bagacay, Caranas (per clump) 170.00 22. Iba or Camias 40.00 23. Camalongay 40.00 24. Chico 110.00 25. Citrus (Sowa) 110.00 26. Igot or Lomboy 110.00 27. Pili 110.00 28. Guava 34.00 29. Jackfruit (langka) 60.00 30. Lanzones 110.00 31. Libas 40.00 32. Mabolo 60.00 33. Macopa 60.00 34. Tambis 60.00 35. Cacao 110.00 36. Coffee 110.00 37. Banana 40.00 38. Nipa Groove 130.00 SUMMARY OF URBAN LAND VALUATION PER MUNICIPALITY PROVINCE OF EASTERN SAMAR GENERAL REVISION YEAR: 20____ EFFECTIVITY: 2010 MUNICIPALITY RESIDENTIAL COMMERCIAL IND. R-1 R-2 R-3 R-4 C-1 C-2 C-3 I-1 1. ARTECHE 75.00 55.00 47.00 38.00 115.00 88.00 - - 2. BALANGIGA 84.00 61.00 54.00 - 131.00 113.00 - - 3. BALANGKAYAN 80.00 70.00 49.00 - 120.00 105.00 - - 4. BORONGAN 258.00 168.00 130.00 90.00 546.00 502.00 462.00 360.00 4. n CAN-AVID 125.00 84.00 55.00 48.00 166.00 142.00 - - 5. DOLORES 156.00 112.00 76.00 60.00 397.00 357.00 - - 6. GEN. MCARTHUR 107.00 93.00 57.00 50.00 152.00 131.00 - - 7. GIPORLOS 126.00 90.00 55.00 46.00 146.00 132.00 - - 8. GUIUAN 250.00 200.00 146.00 110.00 530.00 482.00 - 362.00 9. HERNANI 97.00 76.00 53.00 - 140.00 120.00 - - 10. JIPAPAD 84.00 61.00 44.00 - 100.00 95.00 - - 11. LAWA-AN 97.00 63.00 43.00 35.00 142.00 122.00 - - 12. LLORENTE 219.00 149.00 107.00 92.00 380.00 353.00 - 237.00 13. MASLOG 60.00 56.00 42.00 - 71.00 63.00 - - 14. MAYDOLONG 98.00 68.00 52.00 - 134.00 123.00 - - 15. MERCEDES 86.00 72.00 51.00 - 95.00 - - - 16. ORAS 142.00 95.00 58.00 55.00 187.00 147.00 - - 17. QUINAPONDAN 123.00 92.00 49.00 43.00 152.00 - - - 18. SALCEDO 111.00 89.00 55.00 45.00 181.00 - - - 19. SAN JULIAN 103.00 88.00 50.00 - 154.00 - - - 20. SAN POLICARPO 82.00 60.00 53.00 43.00 101.00 - - - 21. SULAT 107.00 87.00 53.00 - 178.00 - - - 22. TAFT 144.00 104.00 58.00 53.00 311.00 - - - UNIT VALUE OF MINERAL LANDS Mineral lands are appraised on the basis of actual extraction per year. Metallic mineral lands P50,000/ton Non-metallic mineral lands 30,000/ton ASSESSMENT LEVELS The assessment levels to be applied to the fair market value of real property to determine its assessed value shall be fixed by ordinances of the Sangguniang Panlalawigan, Sangguniang Panlungsod or Sangguniang Bayan of a municipality within the metropolitan Manila Area, at the rates not exceeding the following: a) On Lands : CLASS Assessment Levels Residential 20% Agricultural 40% Commercial 50% Industrial 50% Mineral 50% Timberland 20% b) On Buildings and Other Structures : 1.) Residential Fair Market Value Over Not Over Assessment Levels 175,000.00 0% 175,000.00 300,000.00 10% 300,000.00 500,000.00 15% 500,000.00 750,000.00 20% 750,000.00 1,000,000.00 25% 1,000,000.00 2,000,000.00 30% 2,000,000.00 5,000,000.00 35% 5,000,000.00 10,000,000.00 40% 10,000,000.00 50% 2.) Agricultural Fair Market Value Over Not Over Assessment Levels 300,000.00 15% 300,000.00 500,000.00 20% 500,000.00 750,000.00 25% 750,000.00 1,000,000.00 30% 1,000,000.00 2,000,000.00 35% 2,000,000.00 40% 3.) Commercial/Industrial Fair Market Value Over Not Over Assessment Levels 300,000.00 20% 300,000.00 500,000.00 25% 500,000.00 750,000.00 30% 750,000.00 1,000,000.00 35% 1,000,000.00 2,000,000.00 40% 2,000,000.00 5,000,000.00 45% 5,000,000.00 10,000,000.00 50% 10,000,000.00 60% 4.) Timberland Fair Market Value Over Not Over Assessment Levels 300,000.00 45% 300,000.00 500,000.00 50% 500,000.00 750,000.00 55% 750,000.00 1,000,000.00 60% 1,000,000.00 2,000,000.00 65% 2,000,000.00 70% c.) On Machineries CLASS Assessment Levels Agricultural 40% Residential 50% Commercial 80% Industrial 80% d) On Special Classes :The assessment levels for all lands, buildings, machineries and other improvements; Actual Use Assessment Levels Cultural 15% Scientific 15% Hospital 15% Local Water Districts 10% Government-owned or controlled corporations engaged in the supply and distribution of water and/or generation and transmission of electric power. 10% SCHEDULE OF DEPRECIATION FOR BUILDINGS I II-A II-B III-A III-B III-C IV-A IV-B V-A V-B V-C 1st-5 yrs. 5.20% 5.00% 5.00% 4.00% 4.00% 3.00% 2.60% 2.40% 2.20% 2.00% 1.80% 2nd-5 yrs. 4.60% 4.20% 4.00% 3.60% 3.50% 2.50% 2.30% 2.20% 2.00% 1.80% 1.40% 3rd-5 yrs. 4.00% 3.60% 3.40% 3.20% 3.00% 2.50% 2.20% 2.00% 1.70% 1.50% 1.20% 4th-5 yrs. 3.40% 3.20% 3.00% 3.00% 2.50% 2.00% 2.00% 1.70% 1.30% 1.20% 1.00% After 20 years 3.20% 3.20% 3.00% 2.50% 2.00% 2.00% 1.60% 1.40% 1.10% 1.10% 1.00% Residual Value 10.00% 12.00% 15.00% 20.00% 28.00% 30.00% 33.00% 35.00% 37.00% 40.00% 40.00% For an excess rates in the above rates of annual depreciation, bigger rates may be applied in extra ordinary cases, that is, if properly presented and described as in the following instances; 1. Damage due to catastrophe (earthquake, fire, deluge) 2. Heavily damage due to pest ( e.g. ,termite) 3. Established defects in the construction 4. Obsolescence CLASSIFICATION OF BUILDINGS Buildings shall be classified according to their use and construction characteristics and unit values established for each class and sub-class together with a set of addition and deduction factors. ATICcS Buildings shall be classified according to its structural characteristics as follows: TYPE I Buildings shall be of wood construction. The structural elements may be any of the materials permitted as follows: Nipa houses and similar structures falling under this type. TYPE II Buildings shall be of wood construction with protective fire-resistant materials and one-hour fire resistive throughout: Except, that permanent non-bearing partitions may use fire-retardant treated wood within the framing assembly. A. Third group wooden structural framings, floorings and sidings, and G.I. roofing but structural members are substandard. B. Third group wooden structural framings, floorings and sidings, and G.I. roofing. TYPE III Buildings shall be of masonry and wood construction. Structural elements may be any of the materials permitted by the said National Building Code: Provided, that the building shall be one-hour fire resistive throughout. Exterior wall shall be of incombustible fire-resistive construction. A. First Group wooden post, girders, girts, windowsills and head, apitong floor joists and roof framing, tanguile floorings and sidings, and G.I. roofing. B. First Group wooden structural framings, floorings, and walls on the first floor, and tanguile walls on the second floor, and G.I. roofing. C. First group wooden structural framings, walls and G.I. roofing. TYPE IV Buildings shall be of steel, iron, concrete, or masonry construction. Walls, ceiling, and permanent partitions shall be of incombustible fire resistive construction: Except, that permanent non-bearing partitions of one-hour fire-resistive construction may use fire-retardant treated wood within the framing assembly. A. Concrete columns, beams and walls but wooden floor joists, flooring and roof framings and G.I. roofing; even if walls are in CHB, kitchen and T & B are reinforced concrete slabs. B. Concrete columns and beams but hollow block walls and G.I. roofings. TYPE V Buildings shall be fire-resistive. The structural elements shall be of steel, iron, concrete, or masonry construction. Walls, ceiling, and permanent partitions shall be of incombustible fire-resistive construction. A. Structural steel and reinforced concrete columns and beams. B. Columns beams, walls, floors and roofs all reinforced concrete. C. Walls are hollow blocks reinforced concrete or tile roofing. SCHEDULE OF BASE UNIT CONSTRUCTION COST FOR BUILDINGS A. BASE UNIT VALUE Bldg. Type One Family Dwelling Duplex/ Apartment Row/ Town Houses Boarding Lodging Houses Hotel/ Motel Accessories Garage/Quarters/ Laundry/ Guard House School Bldgs. Churches Assembly Houses Hospitals/ Office/ Parking Bldg./ Banks Condo Theater Market Shopping Center/ Malls Restaurant Factories W. House Bodega Storage Barn/ Poultry Stable/ Hog Green Houses Gasoline Service Station I 2110 II-A 4130 2250 3520 3000 3410 3620 3100 2510 II-B 4220 2850 3980 3300 3960 4040 3250 2690 III-A 4510 4300 4200 3500 4300 4380 4450 3310 2870 4120 III-B 4700 4500 4360 3700 4500 4600 4830 3500 3100 4330 III-C 4970 4800 4500 4000 4800 4800 5190 3710 3250 4610 IV-A 5400 4950 4610 4250 4950 5110 5450 4060 3500 4800 IV-B 5740 5150 4720 4500 5150 5450 5710 4300 3710 5210 V-A 5940 5300 4950 5300 5660 5900 4500 5400 V-B 6700 5500 5210 5500 5900 6210 4730 5760 V-C 6900 5700 5400 5700 6200 6510 5200 6000 SCHEDULE FOR PAVEMENT, FLOORS, AND SLABS 1. COMMERCIAL AND RESIDENTIAL BUILDINGS Plan 4" thick concrete slab P53.00/sqm. 4" concrete slab with plain color P63.00/sqm. 1" x 8" cement tile floor 2. LIGHT INDUSTRY BUILDING: (Service and Gas Station & Factories, etc.) 3" ready mix pavement (vituminou asphalt) P42.00/sqm. 4" slab with 1/2 round W.I. bars for temperature reinforcement P79.00/sqm. 3. HEAVY IN-CLASS "A" CONCRETE 6" SLAB WITH 1/2 ROUND W.I. temperature Reinforcement to 0.50 cm. Both ways P95.00/sqm. SCHEDULE OF VALUE FOR FENCES 1. Concrete hollow blocks P2 meters high a) with plaster finish P158.00/linear meter b) without plaster finish P142.00/sample only Add: P4.00 per linear meter for every additional height. 2. Adobe store P2 meters high a) with plaster finish on both sides P116.00/linear meter b) without plaster finish P89.00/linear meter 3. Apitong with apitong post set on concrete foundation P79.00/linear meter 4. Wrought Iron Grills P180.00/linear meter 5. Steel Matting 142.00/linear meter 6. Chicken or Hog wire in Timber Frames P99.00/linear meter 7. Round Bars P142.00/linear meter 8. Gates P2 meters high a) Plain with round bars P158.00/linear meter b) Round bars P195.00/linear meter EXTRA ITEMS AS COMPONENTS PART OF BUILDINGS 1. Carport 30% of Base Unit Value 2. Mezzanine 60% of Base Unit Value 3. Porch 40% of Base Unit Value 4. Balcony 45% of Base Unit Value 5. Garage 45% of Base Unit Value 6. Terrace: Covered 40% of Base Unit Value Open 20% of Base Unit Value 7. Deck Roof: Covered 40% of Base Unit Value Open 20% of Base Unit Value 8. Basement: Residential 70% of Base Unit Value High rise building 20% of Base Unit Value 9. Pavements: Tennis Court P116.00-136 per sq.m. Concrete: 10 cm thick P136.00 per sq.m. 15 cm thick P148.00 per sq.m. 20 cm thick P220.00 per sq.m. Asphalt: 1 Course P94.00 per sq.m. 2 Course P148.00 per sq.m. 3 Course P200.00 per sq.m. 10. Floor Finishes: a) Marble Slabs P472.00-682.00 per sq.m. b) Marble Tiles P284.00-326.00 per sq.m. c) Crazy Cut Marbles P220.00 per sq.m. d) Granolithic P136.00 per sq.m. e) Narra P136.00-178.00 per sq.m. f) Yakal P136.00 per sq.m. g) Narra/Fancy Wood Tiles P136.00-178.00 per sq.m. h) Ordinary Wood Tiles P94.00 sq.m. i) Vinyl Tiles P74.00-116.00 sq.m. j) Washout Pebbles P74.00 per sq.m. k) Unglazed Tiles P94.00 per sq.m. 11. Wallings: a) Use the same rate for floor finishing in a, b, c, & i as indicated above. b) Double walling ordinary plywood P74.00 per sq.m. c) Double walling (Narra Paneling) P106.00 per sq.m. d) Glazed White Tiles P116.00 per sq.m. e) Glazed Colored Tiles P136.00 per sq.m. f) Fancy Tiles P178.00 per sq.m. g) Synthetic Bubble P94.00 per sq.m. h) Bricks P116.00 per sq.m. 12. Special Panels: a) Glass with Wooden Frames P430.00 per sq.m. b) Glass with Aluminum Frames P640.00 per sq.m. (For tinted Glass, Add) P116.00 per sq.m. 13. Ceiling: (Below concrete floor) a) Ordinary Plywood P74.00 per sq.m. b) Luminous Ceiling P326.00 per sq.m. c) Acoustic P304.00 per sq.m. d) Special Finish P326.00 per sq.m. 14. Fence: a) Wood P74.00-94.00 per sq.m. b) CHB: 10 cm thick P116.00-136.00 per sq.m. 15 cm thick P168.00-190.00 per sq.m. 20 cm thick P220.00 per sq.m. c) Reinforced Concrete P326.00-346.00 per sq.m. d) Steel Grille P430.00 per sq.m. e) Interlink Wire P472.00 per sq.m. 15. Excess Heights: a) Residential and Commercial Add 20% of Base Value for every meter in excess of three (3) meters. b) Bodega and Factory Add 15% of Base Value for every meter in excess of 4.50 meters. 16. Extra T & B Ordinary Finish P14,710.00 per unit 17. Foundation P100.00 x total floor area less floor area of 1st and 2nd piles driven. 18. Piles P430.00 per linear meter of file driven. 19. Painting If the building is not painted, deduct ten (10) percent of the basic rate. 20. Second Hand Materials If the building has used Second-Hand materials deduct five to ten (5-10%) percent. Ref.:Department of Finance Local Assessment Regulation No. 1-04 MISCELLANEOUS PROVISIONS 1.0 Application of the Schedule Real Property shall be valued for taxation purposes on the basis of the Schedule of Market Values prepared for each municipality. As far as properly applicable, such schedule shall be controlling, except where the property to be assessed is not of the same kind as classified in the schedule, where the value is not fixed. The same shall be valued at its market value independent of said schedule. 2.0 Appraisal of Urban Lands As a general rule, the rate per square meters fixed on the Schedule of Values on residential and commercial lands shall be subject to the standards depth of 20 meters for residential and 20 meters for commercial lands as herein established under this schedule of values, for the strips fronting the street or road with normal elevation or level. The remaining portion thereof shall be considered as interior lots and on the basis of the standard depth, percentage of adjustment corresponding to the second, third, fourth and fifth strips shall be established. 2.1 On abnormally low urban land, a reduction of from the base unit may be allowed in the amount equivalent to the cost of filling up such land, provided such reduction shall not exceed 30% of the value of the lot subject to appraisal, if it were normally filled or leveled. 2.2 Valuation of land defined as Special Class under section 216 of the Local government code of 1991, shall be based on the applicable unit value for residential, commercial or industrial lands as fixed in the Schedule for the area where such land is located. 2.3 Wherever a parcel or tract of urban land is situated in corner of two streets, a corner influence as defined under Assessment Regulation No. 1-04 (Manual on Real Property Appraisal and Assessment Operations) shall be added to the base full value of the street with higher value, up to the standard depth. Valuation of the remaining portion of the lot if there be any shall be based from the higher rate and adjusted accordingly. 2.4 Roads or streets in urban subdivisions, unless already donated and turned over to the government shall be listed separately as taxable in the name of the subdivision owner and shall be valued on the basis of the cost of cementing, asphalting and paving, with gravel and sand. As estimate of such cost in square meters shall be established by the assessor, such road or street shall be assessed at 30% of their total estimated cost. TIADCc 3.0 Appraisal of Agricultural Lands .The base rate per hectare or per tree as fixed in the schedule for different classes of agricultural lands and improvements are subject to applicable adjustment expressed in percentage such as (a) type of public road where the property is located (b) Distance of the property from the poblacion. Convenient spaces for the application of such adjustment are so provided in the Tax Declaration Form (RPA Form No. 1). 4.0 Appraisal of Timber and Forest Lands .Timber and forest lands belonging to the Republic of the Philippines or any of its political sub-division, beneficial use of which have been granted to a taxable person, shall be subject to the real property tax. For this purpose, said lands shall be appraised and assessed yearly against the beneficial user at the market value of the marketable timber on the basis of the annual volume of timber "actually cut" indicated in the lease agreement. 5.0 Appraisal of Mineral Lands. Mineral Lands are those lands in which minerals exist in sufficient quantity or grade to justify the necessary expenditures to be incurred in extracting and utilizing such minerals. Mineral Lands shall be appraised yearly against the beneficial user or concessionaire on the basis of the value of extracted mineral. 6.0 Appraisal of Buildings and other structure through the Reproduction (Replacement) Cost less Depreciation Method . The schedule of base unit cost for buildings prepared in accordance hereof when applied, will result in the cost of constructing a new and reasonably identical structure, with the same or equivalent materials, and shall be computed on the basis of current price. This amount called the reproduction or replacement cost (now) less the estimated depreciation, would give the present appraised value of the subject structure. 6.1 Auxiliary improvements, such as fences, pavement, etc.,which may be considered appurtenances of the main structure, shall be appraised independently, and the value/s thereof, added to the value of the main structure. 6.2 In case the gross construction cost of building or market value as shown in the certificate of completion/occupancy is higher than the schedule of value established herein, such value shall be used as basis for real property assessment. 7.0 Appraisal of Machinery . All kinds of machineries classified as real property shall be appraised and assessed in accordance with the provisions of Section 224 & 225, Book II, of R.A. 7160 and its implementing rules and regulations. 8.0 Department of Finance, Bureau of Local Government Finance .All Memoranda, Issuances and Circulars and the Manual on Real Property Assessment (LAR 1-04) of the Department of Finance, Bureau of Local Government Finance are hereby adopted and made integral part of this Schedule. 9.0 Local Government Code of 1991 . Book II, Title 2 of Republic Act 7160, otherwise known as the Local Government Code of 1991 shall govern the administration, appraisal, assessment, levy and collection of the real property tax. Prepared by: (SGD.) MANUEL E. BALDONO Provincial Assessor n Note from the Publisher: Copied verbatim from the official copy. n Note from the Publisher: Written as "caravans" in the original document. n Note from the Publisher: Copied verbatim from the official copy. Irregular numerical sequence.