An Ordinance Enacting 2009 Schedule of Fair Market Values and Assessment Levels for the Different Classes of Real Property as Basis to Undertake and Complete the 2009 General Revision of Real Property Assessment

July 13, 2009 IFUGAO PROVINCIAL ORDINANCE NO. 015-09 Author: Hon. Robert K. Humiwat Co-Authors: Hon. Jose T. Gullitiw, Hon. Rodolfo T. Dulnuan, Hon. Allan P. Cutiyog and Hon. Aldrin B. Guingayan AN ORDINANCE ENACTING THE 2009 SCHEDULE OF FAIR MARKET VALUES AND ASSESSMENT LEVELS FOR THE DIFFERENT CLASSES OF REAL PROPERTY AS BASIS TO UNDERTAKE AND COMPLETE THE 2009 GENERAL REVISION OF REAL PROPERTY ASSESSMENT SECTION 1. Title . This Ordinance shall be known as the "2009 Schedule of Fair Market Values and Assessment Levels of Real Properties in the Province of Ifugao." SECTION 2. Legal Basis and Purposes . Section 219 of the Local Government Code provides that provincial, city or municipal assessor shall undertake a general revision of real property assessments within two years after the effectivity of LGC and every three years thereafter. Moreover, Section 212 of the LGC provides that before any general revision of property assessment is made, there shall be prepared a schedule of fair market values for enactment through ordinance by the Sanggunian concerned. Further, Section 218 of the LGC provides that the assessment levels to be applied to the fair market value of real property to determine its assessed value shall be through ordinance by the Sangguniang Panlalawigan. Consistent with the foregoing provisions of law and the fact that the latest general revision of assessment was undertaken in 1999, this Ordinance aims to: a. Provide a new and realistic schedule of fair market values for the different classes of real property situated in the Province of Ifugao. b. Provide the assessment levels to be applied to the fair market value of the real property to determine the taxable value of the real property. c. Provide general policies necessary for the efficient and effective appraisal and assessment of real properties during and after the conduct of the 2009 general revision. SECTION 3. Definition of Terms . As used in this Ordinance, the following terms shall be defined as: a) First Class Commercial Lands (C-1) Those lands that are a) located along concrete road; (b) where the highest trading and social or educational activities of the municipality take place; (c) where concrete or high-grade commercial or business buildings are heavily situated; (d) where vehicular and pedestrain traffic flow are exceptionally busy; (e) apparently commands the highest land value in the municipality. b) Second Class Commercial Lands (C-2) Those lands that are (a) along concrete or asphalted roads; (b) where trading, social or educational activities are considerably high but fall short from that of the first class commercial lands; (c) where vehicular and pedestrian traffic flow are considerably busy, but fall short from that of the first class commercial lands; (d) where high-grade and average cost-grade commercial buildings are not so heavily concentrated; (e) commands lesser value than the first class commercial lands. c) First Class Residential Lands (R-1) Those lands that are (a) along concrete roads within the poblacion; (b) where high-grade residential buildings are predominantly situated; (c) located next to commercial classified lands; (d) commands the highest residential land value in the municipality. d) Second Class Residential Lands (R-2) Those lands (a) where semi-high grade residential buildings are predominantly situated; (b) located at first class residential lands; (c) commands lesser value than the first class residential lands. e) Third Class Residential Lands (R-3) Those lands (a) where average cost grade residential buildings are predominantly situated; (b) located next to second class resident lands; (c) commands lesser value than the second class residential lands; (d) located outside poblacion but along national road. f) Non-Contiguous Areas Residential Lands (NCA) Those lands (a) where rural type residential buildings are predominantly situated; (b) located in the populous barangay centers but outside the urban contiguous area (poblacion). g) First Class Industrial Lands (I-1) Those lands that are (a) along concrete or asphalted public road, pier or port, navigable river or seacoast; (b) located within a distance of not more than 10,000 meters to the major trading centers of the city/municipality; (c) where the vicinity is extensively used for industrial purposes; (d) commands the highest industrial land value in the municipality. h) Second Class Industrial Lands (I-2) Those lands that are (a) along concrete or asphalted public road, pier, seacoast or navigable river; (b) located within a distance of more than 10,000 meters but not beyond 50,000 meters to the major trading centers of the municipality; (c) where the vicinity is extensively used for industrial purposes; (d) commands lesser land value than first class industrial lands. i) Third Class Industrial lands (I-3) Those that are (a) located more than 50,000 meters to the major trading centers of the city or municipality; (b) where the vicinity is extremely used for industrial purposes; (c) commands lesser land value than second class industrial lands. j) Agricultural Lands Those lands devoted principally to the planting of trees, raising of crops, livestock and poultry, dairying, salt-making, inland fishing and similar aquaculture activities, and other agricultural activities, and is not classified as mineral, timber, residential, commercial or industrial land. k) Mineral Lands Those lands in which minerals, metallic or non-metallic, exist in sufficient quantity or grade to justify the necessary expenditures to extract and utilize such materials. For terms used in this ordinance, but not included in the definition of terms, it shall be defined in accordance with the definition of terms in the LGC. SECTION 4. New Schedule of Fair Market Values and Assessment Levels . The new schedule of fair market values of the different classes of real property and assessment levels shall be as follows: A) LANDS 1. Residential The new schedule of fair market value for residential lands for every municipality shall be those values indicated in Annex "A" hereof. The assessment level to be applied to the fair market of residential land shall be three percent (3%). 2. Agricultural The new schedule of fair market value for agricultural lands for every municipality shall be those values indicated in Annex "B" hereof. The assessment level to be applied to the fair market value of agricultural lands shall be seven percent (7%). 3. Commercial The new schedule of fair market value for commercial lands for every municipality shall be those values indicated in Annex "C" hereof. The assessment level to be applied to the fair market value of commercial lands shall be fifteen percent (15%). 4. Industrial The new schedule of fair market value for industrial lands for every municipality shall be those values indicated in Annex "D" hereof. The assessment level to be applied to the fair market value of industrial lands shall be fifty percent (50%). 5. Mineral The assessment level to be applied to the fair market value of mineral lands shall be fifty percent (50%). 6. Timberland The assessment level to be applied to the fair market value of timber lands shall be twenty percent (20%). B) ON BUILDINGS AND OTHER STRUCTURES 1. Residential The new schedule of fair market value and assessment level for residential buildings and structures shall be those indicated in Annex "E" hereof. 2. Agricultural The new schedule of fair market value and assessment level for agricultural buildings and structures shall be those indicated in Annex "F" hereof. 3. Commercial The new schedule of fair market value and assessment level for commercial buildings and structures shall be those indicated in Annex "G" hereof. 4. Industrial/Mineral/Timberland The new schedule of fair market value and assessment level for buildings and other structures under industrial or mineral or timberland shall be those indicated in Annex "H" hereof. In determining the Fair Market Value of buildings and other structures, Annex "I" hereof shall be used. C) ON MACHINERIES 1. Residential The Assessment level to be applied to the fair market value of machineries used for residential purposes shall be 25%. 2. Agricultural The Assessment level to be applied to the fair market value of machineries used for agricultural purposes shall be 20%. 3. Commercial The Assessment level to be applied to the fair market value of machineries used for commercial purposes shall be 80%. 4. Industrial/Mineral/Timberland The assessment level to be applied to the fair market value of machineries used for industrial or mineral or timberland purposes shall be 80%. The fair market value of machineries shall be determined based on Section 224 and Section 225 of the LGC. D) ON SPECIAL CLASSES The assessment levels for all lands, buildings, machineries and other improvements for special classes shall be as follows: ACTUAL USE ASSESSMENT LEVELS a.) Cultural 15% b.) Scientific 15% c.) Hospital 15% d.) Local Water Districts 10% e.) Government-Owned or Controlled Corporations engaged in the supply and distribution of water and/or generation and transmission of electric power 10% SECTION 5. General Policies . The following general policies shall be observed in the appraisal and assessment of real property during and after the conduct of the 2009 general revision of real property assessment: a) Real property shall be classified for assessment purposes on the basis of its actual use. b) Real Property shall be assessed on the basis of a uniform classification within each municipality. c) During the conduct of general revision of real property assessment, the appraisal and assessment of real properties for large commercial, industrial, mineral, timberland or special classes shall be determined by a Technical Working Group (TWG) chaired by the Provincial Assessor with the representatives from the Office of the Provincial Governor, Office of the Sangguniang Panlalawigan and Office of the Municipal Mayor, and the concerned Municipal Assessor and Punong Barangay as members. The output of the TWG will be presented to the Provincial Governor, Sangguniang Panlalawigan and the concerned Municipal Mayor and Punong Barangay before property assessment will be issued. d) After the conduct of the general revision of real property assessment, no subsequent assessment or reassessment as well as cancellation or modification of assessment or special classes shall be made until the Provincial Governor, the SP and concerned Municipal Mayor and Punong Barangay have been consulted. Moreover, the Provincial Assessor shall submit every semester a report of all assessment or reassessment, as well as cancellation of industrial, mineral, timberland or special classes to the Local Chief Executive, the Sangguniang Panlalawigan and the concerned Municipal Mayor and Punong Barangay. e) If errors in valuation are present in the schedule of fair market values, the Provincial Assessor should recommend for the correction of the errors to the Sangguniang Panlalawigan for the enactment of a corrective ordinance. f) Where the property to be assessed is of a kind not classified nor included in the schedule of fair market value, the Provincial Assessor shall submit to the Sangguniang Panlalawigan a supplemental schedule of fair market value to serve as basis for the enactment of a supplemental Ordinance. SECTION 6. Period of General Revision of Assessment . The general revision of real property assessment shall start immediately upon approval and publication or posting of this Ordinance for three (3) days and shall be completed including the issuance of assessment on or before November 30, 2009. SECTION 7. Penalty Clause . Without prejudice to the provision of the LGC and other existing laws, any public officer found administratively guilty of violating the provisions of this Ordinance shall be suspended for one month for the first offense, six months for the second offense, and dismissal for the third offense. SECTION 8. Repealing Clause . All ordinances and policies of the Provincial Government of Ifugao contrary or inconsistent with this Ordinance are deemed repealed. SECTION 9. Separability Clause . Should any part of the Ordinance be declared unconstitutional or invalid by proper authority, other parts or provisions hereof which are not affected shall continue to be in full force and effect. SECTION 10. Effectivity Clause . This ordinance shall take effect upon approval and publication for three consecutive days in newspaper of local circulation. However, where there are no newspapers of local circulation, the same may be posted in at least two conspicuous and public accessible places. APPROVED and ENACTED by the Sangguniang Panlalawigan of Ifugao this 13th day of July 2009. (SGD.) JOSE T. GULLITIW Member (SGD.) ROBERT K. HUMIWAT Member JOSEPH J. ODAN Member (SGD.) RODOLFO T. DULNUAN Member (SGD.) CLEMENTE T. BONGTIWON Member (SGD.) SAMSON T. ATLUNA Member (SGD.) ALDRIN B. GUINGAYAN Member MARTIN L. HABAWEL, JR. Member CERTIFIED CORRECT: (SGD.) MIGUEL B. DIMALNAT, JR.,MNSA Sanggunian Secretary ATTESTED: (SGD.) NORA D. DINAMLING Vice-Governor and Presiding Officer APPROVED: (SGD.) TEODORO B. BAGUILAT, JR. Provincial Governor Date:______________ ANNEX A Schedule of Fair Market Values for Urban Lands MUNICIPALITIES RESIDENTIAL (per square meter) 1st 2nd 3rd NCA 1. Aguinaldo P100.00 P80.00 P60.00 2. Alfonso Lista 320.00 300.00 250.00 100.00 3. Asipulo 75.00 70.00 50.00 40.00 4. Banaue 200.00 120.00 50.00 20.00 5. Hingyon 150.00 100.00 75.00 50.00 6. Hungduan 120.00 100.00 70.00 50.00 7. Kiangan 250.00 200.00 170.00 50.00 8. Lagawe 800.00 500.00 300.00 65.00 9. Lamut 320.00 300.00 250.00 200.00 10. Mayoyao 110.00 80.00 50.00 46.00 11. Tinoc 60.00 50.00 40.00 30.00 ANNEX B Schedule of Fair Market Values for Agricultural Lands MUNICIPALITIES IRRIGATED RICELAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P110,200.00 P104,000.00 P94,300.00 2. Alfonso Lista 330,000.00 290,000.00 250,000.00 3. Asipulo 182,000.00 160,000.00 116,000.00 4. Banaue 156,700.00 132,600.00 108,500.00 5. Hingyon 182,000.00 160,000.00 116,000.00 6. Hungduan 156,700.00 132,600.00 108,500.00 7. Kiangan 270,000.00 230,000.00 170,000.00 8. Lagawe 182,700.00 160,100.00 116,100.00 9. Lamut 330,000.00 290,000.00 250,000.00 10. Mayoyao 109,300.00 95,800.00 82,300.00 11. Tinoc 103,600.00 89,400.00 64,800.00 MUNICIPALITIES UNIRRIGATED RICELAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P67,100.00 P63,400.00 P57,400.00 2. Alfonso Lista 260,000.00 220,000.00 180,000.00 3. Asipulo 108,000.00 92,000.00 80,000.00 4. Banaue 102,000.00 89,000.00 76,000.00 5. Hingyon 100,000.00 88,000.00 75,000.00 6. Hungduan 102,000.00 89,000.00 76,000.00 7. Kiangan 110,000.00 90,000.00 77,000.00 8. Lagawe 110,300.00 94,800.00 79,300.00 9. Lamut 260,000.00 220,000.00 180,000.00 10. Mayoyao 67,100.00 63,400.00 57,400.00 11. Tinoc 64,000.00 55,000.00 45,000.00 MUNICIPALITIES VEGETABLE LAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P55,000.00 P42,000.00 P27,000.00 2. Alfonso Lista 210,000.00 150,000.00 100,000.00 3. Asipulo 83,000.00 67,000.00 50,000.00 4. Banaue 83,000.00 67,000.00 50,000.00 5. Hingyon 84,000.00 69,000.00 53,400.00 6. Hungduan 83,000.00 67,000.00 50,000.00 7. Kiangan 100,000.00 70,000.00 50,000.00 8. Lagawe 83,000.00 67,000.00 50,000.00 9. Lamut 210,000.00 150,000.00 100,000.00 10. Mayoyao 44,800.00 36,000.00 26,100.00 11. Tinoc 44,800.00 36,000.00 27,000.00 MUNICIPALITIES BANANA LAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P84,500.00 P76,000.00 P67,600.00 2. Alfonso Lista 84,500.00 76,000.00 67,600.00 3. Asipulo 84,500.00 76,000.00 67,600.00 4. Banaue 84,500.00 76,000.00 67,600.00 5. Hingyon 84,500.00 76,000.00 67,600.00 6. Hungduan 84,500.00 76,000.00 67,600.00 7. Kiangan 84,500.00 76,000.00 67,600.00 8. Lagawe 84,500.00 76,000.00 67,600.00 9. Lamut 84,500.00 76,000.00 67,600.00 10. Mayoyao 84,500.00 76,000.00 67,600.00 11. Tinoc 84,500.00 76,000.00 67,600.00 MUNICIPALITIES CITRUS LAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P136,900.00 P114,100.00 P91,300.00 2. Alfonso Lista 136,900.00 114,100.00 91,300.00 3. Asipulo 136,900.00 114,100.00 91,300.00 4. Banaue 136,900.00 114,100.00 91,300.00 5. Hingyon 136,900.00 114,100.00 91,300.00 6. Hungduan 136,900.00 114,100.00 91,300.00 7. Kiangan 136,900.00 114,100.00 91,300.00 8. Lagawe 136,900.00 114,100.00 91,300.00 9. Lamut 136,900.00 114,100.00 91,300.00 10. Mayoyao 136,900.00 114,100.00 91,300.00 11. Tinoc 136,900.00 114,100.00 91,300.00 MUNICIPALITIES MANGO LAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P126,100.00 P58,800.00 P25,200.00 2. Alfonso Lista 126,100.00 58,800.00 25,200.00 3. Asipulo 126,100.00 58,800.00 25,200.00 4. Banaue 126,100.00 58,800.00 25,200.00 5. Hingyon 126,100.00 58,800.00 25,200.00 6. Hungduan 126,100.00 58,800.00 25,200.00 7. Kiangan 126,100.00 58,800.00 25,200.00 8. Lagawe 126,100.00 58,800.00 25,200.00 9. Lamut 126,100.00 58,800.00 25,200.00 10. Mayoyao 126,100.00 58,800.00 25,200.00 11. Tinoc 126,100.00 58,800.00 25,200.00 MUNICIPALITIES PINEAPPLE LAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P210,000.00 P140,000.00 P100,000.00 2. Alfonso Lista 210,000.00 140,000.00 100,000.00 3. Asipulo 210,000.00 140,000.00 100,000.00 4. Banaue 210,000.00 140,000.00 100,000.00 5. Hingyon 210,000.00 140,000.00 100,000.00 6. Hungduan 210,000.00 140,000.00 100,000.00 7. Kiangan 210,000.00 140,000.00 100,000.00 8. Lagawe 210,000.00 140,000.00 100,000.00 9. Lamut 210,000.00 140,000.00 100,000.00 10. Mayoyao 210,000.00 140,000.00 100,000.00 11. Tinoc 210,000.00 140,000.00 100,000.00 MUNICIPALITIES RAMBUTAN LAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P195,600.00 P156,400.00 P117,300.00 2. Alfonso Lista 195,600.00 156,400.00 117,300.00 3. Asipulo 195,600.00 156,400.00 117,300.00 4. Banaue 195,600.00 156,400.00 117,300.00 5. Hingyon 195,600.00 156,400.00 117,300.00 6. Hungduan 195,600.00 156,400.00 117,300.00 7. Kiangan 195,600.00 156,400.00 117,300.00 8. Lagawe 195,600.00 156,400.00 117,300.00 9. Lamut 195,600.00 156,400.00 117,300.00 10. Mayoyao 195,600.00 156,400.00 117,300.00 11. Tinoc 195,600.00 156,400.00 117,300.00 MUNICIPALITIES ROOTLAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P55,000.00 P42,000.00 P27,000.00 2. Alfonso Lista 210,000.00 150,000.00 100,000.00 3. Asipulo 83,000.00 67,000.00 50,000.00 4. Banaue 83,000.00 67,000.00 50,000.00 5. Hingyon 84,000.00 69,000.00 53,400.00 6. Hungduan 83,000.00 67,000.00 50,000.00 7. Kiangan 100,000.00 70,000.00 50,000.00 8. Lagawe 83,000.00 67,000.00 50,000.00 9. Lamut 210,000.00 150,000.00 100,000.00 10. Mayoyao 44,800.00 36,000.00 26,100.00 11. Tinoc 44,800.00 36,000.00 27,000.00 MUNICIPALITIES CORNLAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P55,000.00 P42,000.00 P27,000.00 2. Alfonso Lista 270,000.00 220,000.00 180,000.00 3. Asipulo 83,000.00 67,000.00 50,000.00 4. Banaue 83,000.00 67,000.00 50,000.00 5. Hingyon 84,000.00 69,000.00 53,400.00 6. Hungduan 83,000.00 67,000.00 50,000.00 7. Kiangan 100,000.00 70,000.00 50,000.00 8. Lagawe 83,000.00 67,000.00 50,000.00 9. Lamut 270,000.00 220,000.00 180,000.00 10. Mayoyao 44,800.00 36,000.00 26,000.00 11. Tinoc 44,800.00 36,000.00 27,000.00 MUNICIPALITIES COGONAL LAND (per hectare) 1st 1. Aguinaldo P10,500.00 2. Alfonso Lista 60,000.00 3. Asipulo 20,000.00 4. Banaue 20,000.00 5. Hingyon 20,000.00 6. Hungduan 20,000.00 7. Kiangan 20,000.00 8. Lagawe 20,000.00 9. Lamut 56,000.00 10. Mayoyao 10,500.00 11. Tinoc 20,000.00 MUNICIPALITIES COFFEE LAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P67,800.00 P52,800.00 P30,900.00 2. Alfonso Lista 67,800.00 52,800.00 30,900.00 3. Asipulo 67,800.00 52,800.00 30,900.00 4. Banaue 67,800.00 52,800.00 30,900.00 5. Hingyon 67,800.00 52,800.00 30,900.00 6. Hungduan 67,800.00 52,800.00 30,900.00 7. Kiangan 67,800.00 52,800.00 30,900.00 8. Lagawe 65,100.00 51,200.00 37,200.00 9. Lamut 67,800.00 52,800.00 30,900.00 10. Mayoyao 67,800.00 52,800.00 30,900.00 11. Tinoc 67,800.00 52,800.00 30,900.00 MUNICIPALITIES COCONUT LAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P65,100.00 P51,200.00 P37,200.00 2. Alfonso Lista 65,100.00 51,200.00 37,200.00 3. Asipulo 65,100.00 51,200.00 37,200.00 4. Banaue 65,100.00 51,200.00 37,200.00 5. Hingyon 65,100.00 51,200.00 37,200.00 6. Hungduan 65,100.00 51,200.00 37,200.00 7. Kiangan 65,100.00 51,200.00 37,200.00 8. Lagawe 65,100.00 51,200.00 37,200.00 9. Lamut 65,100.00 51,200.00 37,200.00 10. Mayoyao 65,100.00 51,200.00 37,200.00 11. Tinoc 65,100.00 51,200.00 37,200.00 MUNICIPALITIES LANSONES LAND (per hectare) 1st 2nd 3rd 1. Aguinaldo P195,600.00 P146,700.00 P97,800.00 2. Alfonso Lista 195,600.00 146,700.00 97,800.00 3. Asipulo 195,600.00 146,700.00 97,800.00 4. Banaue 195,600.00 146,700.00 97,800.00 5. Hingyon 195,600.00 146,700.00 97,800.00 6. Hungduan 195,600.00 146,700.00 97,800.00 7. Kiangan 195,600.00 146,700.00 97,800.00 8. Lagawe 195,600.00 146,700.00 97,800.00 9. Lamut 195,600.00 146,700.00 97,800.00 10. Mayoyao 195,600.00 146,700.00 97,800.00 11. Tinoc 195,600.00 146,700.00 97,800.00 MUNICIPALITIES TREE PLANTATION (per hectare) 1st 2nd 3rd 1. Aguinaldo P27,000.00 P21,400.00 P15,800.00 2. Alfonso Lista 27,000.00 21,400.00 15,800.00 3. Asipulo 27,000.00 21,400.00 15,800.00 4. Banaue 27,000.00 21,400.00 15,800.00 5. Hingyon 27,000.00 21,400.00 15,800.00 6. Hungduan 27,000.00 21,400.00 15,800.00 7. Kiangan 27,000.00 21,400.00 15,800.00 8. Lagawe 27,000.00 21,400.00 15,800.00 9. Lamut 27,000.00 21,400.00 15,800.00 10. Mayoyao 27,000.00 21,400.00 15,800.00 11. Tinoc 27,000.00 21,400.00 15,800.00 MUNICIPALITIES FISH POND (per hectare) 1st 2nd 3rd 1. Aguinaldo P250,000.00 P200,000.00 P150,000.00 2. Alfonso Lista 250,000.00 200,000.00 150,000.00 3. Asipulo 250,000.00 200,000.00 150,000.00 4. Banaue 250,000.00 200,000.00 150,000.00 5. Hingyon 250,000.00 200,000.00 150,000.00 6. Hungduan 250,000.00 200,000.00 150,000.00 7. Kiangan 250,000.00 200,000.00 150,000.00 8. Lagawe 250,000.00 200,000.00 150,000.00 9. Lamut 250,000.00 200,000.00 150,000.00 10. Mayoyao 250,000.00 200,000.00 150,000.00 11. Tinoc 250,000.00 200,000.00 150,000.00 ANNEX C Schedule of Fair Market Values for Urban Lands MUNICIPALITIES COMMERCIAL 1st 2nd 1. Aguinaldo P500.00 2. Alfonso Lista 3. Asipulo 4. Banaue 500.00 P300.00 5. Hingyon 6. Hungduan 7. Kiangan 680.00 490.00 8. Lagawe 1,300.00 1,000.00 9. Lamut 500.00 350.00 10. Mayoyao 11. Tinoc ANNEX D Schedule of Fair Market Values for Urban Lands MUNICIPALITIES INDUSTRIAL 1. Aguinaldo 2. Alfonso Lista P680.00 3. Asipulo 4. Banaue 5. Hingyon 6. Hungduan 7. Kiangan 8. Lagawe 9. Lamut 10. Mayoyao 11. Tinoc ANNEX E a.) Residential FAIR MARKET VALUE ASSESSMENT LEVELS Over Not Over Maximum Rate 1999 General Revision 2009 General Revision 175,000.00 0% 0% 0% 175,000.00 300,000.00 10% 10% 5% 300,000.00 500,000.00 20% 20% 10% 500,000.00 750,000.00 25% 25% 15% 750,000.00 1,000,000.00 30% 30% 20% 1,000,000.00 2,000,000.00 35% 35% 25% 2,000,000.00 5,000,000.00 40% 40% 30% 5,000,000.00 10,000,000.00 50% 50% 40% 10,000,000.00 60% 60% 50% ANNEX F b.) Agricultural FAIR MARKET VALUE ASSESSMENT LEVELS Over Not Over Maximum Rate 1999 General Revision 2009 General Revision 300,000.00 25% 25% 15% 300,000.00 500,000.00 30% 30% 20% 500,000.00 750,000.00 35% 35% 30% 750,000.00 1,000,000.00 40% 40% 40% 1,000,000.00 2,000,000.00 45% 45% 45% 2,000,000.00 50% 50% 50% ANNEX G c.) Commercial FAIR MARKET VALUE ASSESSMENT LEVELS Over Not Over Maximum Rate 1999 General Revision 2009 General Revision 300,000.00 30% 30% 20% 300,000.00 500,000.00 35% 35% 25% 500,000.00 750,000.00 40% 40% 30% 750,000.00 1,000,000.00 50% 50% 35% 1,000,000.00 2,000,000.00 60% 60% 40% 2,000,000.00 5,000,000.00 70% 70% 45% 5,000,000.00 10,000,000.00 75% 75% 50% 10,000,000.00 80% 80% 55% ANNEX H d.) Industrial FAIR MARKET VALUE ASSESSMENT LEVELS Over Not Over Maximum Rate 1999 General Revision 2009 General Revision 300,000.00 30% 30% 30% 300,000.00 500,000.00 35% 35% 35% 500,000.00 750,000.00 40% 40% 40% 750,000.00 1,000,000.00 50% 50% 50% 1,000,000.00 2,000,000.00 60% 60% 60% 2,000,000.00 5,000,000.00 70% 70% 70% 5,000,000.00 7,000,000.00 75% 75% 75% 10,000,000.00 80% 80% 80% e.) Timber FAIR MARKET VALUE ASSESSMENT LEVELS Over Not Over Maximum Rate 1999 General Revision 2009 General Revision 300,000.00 45% 45% 45% 300,000.00 500,000.00 50% 50% 50% 500,000.00 750,000.00 55% 55% 55% 750,000.00 1,000,000.00 60% 60% 60% 1,000,000.00 2,000,000.00 65% 65% 65% 2,000,000.00 70% 70% 70% ANNEX I Schedule of Fair Market Values for Buildings and Other Structures (For All Municipalities) 2009 General Revision TYPE OF BUILDING NUMBER OF STOREYS OPEN SHED CLOSED SHED PIGGERY/POULTRY 1 2 3 4 5 TYPE I I-A P2,000.00 P3,000.00 TYPE II II-A 2,400.00 3,500.00 II-B 2,700.00 3,800.00 2,000.00 2,500.00 2,000.00 TYPE III III-A 2,900.00 4,200.00 2,100.00 2,800.00 2,200.00 III-B 3,300.00 4,800.00 2,200.00 3,000.00 III-C 3,900.00 6,900.00 2,400.00 3,200.00 2,400.00 TYPE IV IV-A 4,200.00 7,100.00 9,900.00 2,500.00 3,400.00 2,500.00 IV-B 4,500.00 7,900.00 10,200.00 TYPE V V-A 4,700.00 8,600.00 11,200.00 13,100.00 3,000.00 3,800.00 V-B 4,900.00 8,800.00 11,400.00 13,300.00 14,400.00 V-C 5,000.00 9,000.00 11,700.00 13,600.00 14,700.00 EXTRA ITEMS TO BE ADDED TO/SUBTRACTED FROM TOTAL BASE COST IF IT IS NOT WITHIN CRITERIA Basement 20% of Base Unit Value/sq.m. Canopy (For Gasoline Service Station) 500.00/sq.m. Ceiling Below Conc. Floor (Ordinary Plywood) 100.00/sq.m. Ceiling Below Conc. Floor (Luminous) 400.00/sq.m. Ceiling Below Conc. Floor (Acoustic) 350.00/sq.m. CHB Boundary Walling (Not Plastered) 200.00/sq.m. CHB Rough Plaster Finish 300.00/sq.m. CHB Fine Plaster Finish 400.00/sq.m. Concrete Pavement (Not Reinforced 4" and less) 100.00./sq.m. Concrete Pavement (Reinforced 4" and less) 150.00/sq.m. Concrete Road (4"-6" thk.) 200.00/sq.m. Concrete Road (6" above) 300.00/sq.m. Concrete Wash Rack (For Gasoline Service Station/Others) 20,000.00/unit Doors (First Group Wood) 4,000.00/sq.m. Doors (Second Group Wood) 2,500.00/sq.m. Doors (Aluminum Frame w/Glass Panel) 1,000.00/sq.m. Doors (Steel Folding) 1,500.00/sq.m. Doors (Rolled-up Shutter Door) 2,000.00/sq.m. Electrical Installation (10%) Garage/Carport (Closed) 600.00/sq.m. Garage/Carport (Open) 200.00/sq.m. Mactan/Marble/Ashlar/Tiles Finish/Washout on Flooring 600.00/sq.m. Painting (7%) Plumbing Installation (8%) Porch 400.00/sq.m. Reinforced Concrete Slab 600.00/sq.m. Steel Grilles 400.00/sq.m. Synthetic/Washout/Tiles Finish on Ext. Walls 700.00/sq.m. Swimming Pools (Plain Cement Finish) 300.00/sq.m. Swimming Pools (Tiles Finish) 700.00/sq.m. Vault Doors (For Bank & others) Acquisition Cost Water Tank & Trestle (Concrete, Steel, etc.) 8,000.00/unit Windows (Aluminum Frames w/Glass Panels) 600.00/sq.m. Windows (Steel/Aluminum Casement w/Glass Panels) 1,000.00/sq.m. Windows (Wooden Frames w/Glass Panels) 500.00 sq.m. Others not Specified Acquisition/Installation Cost