An Ordinance Providing for the Schedule of Fair Market Value Pursuant to Section 2.12, Chapter II of Ordinance No. 95-07, an Ordinance Further Amending Ordinance No. 709, Series of 1974 (Legazpi Revenue Code of 1974)

December 3, 2002 LEGAZPI CITY ORDINANCE NO. 021-02 AN ORDINANCE PROVIDING FOR THE SCHEDULE OF FAIR MARKET VALUE PURSUANT TO SECTION 2.12, CHAPTER II OF ORDINANCE NO. 95-07, AN ORDINANCE FURTHER AMENDING ORDINANCE NO. 709, SERIES OF 1974 (LEGAZPI REVENUE CODE OF 1974) CHAPTER I General Provisions SECTION 1.01. Purpose . This ordinance shall complement Ordinance No. 95-07 otherwise known as Legazpi Revenue Code of 1974 as amended. SECTION 1.02. Scope . This ordinance shall govern the administration, appraisal, assessment and levy of real property tax and the additional levy for the special education fund within the jurisdiction of the City of Legazpi. SECTION 1.03. Distribution of Proceeds . The proceeds of the increase on basic real property tax including interest thereon shall be distributed as follows: a) Fifty percent (50%) shall accrue to the barangay where the property is located. b) Fifty percent (50%) shall accrue equally to all component barangays of the City of Legazpi. SECTION 1.04. Effectivity and Applicability . This ordinance shall take effect on January 01, 2004 and shall be gradually applied as follows: a) Year 2004 33% of Assessment Level b) Year 2005 66% of Assessment Level c) Year 2006 100% of Assessment Level CAIHTE CHAPTER II Schedule of Base Unit Market Values Schedule of Base Unit Market Values LOCATION (Barangay, Avenue, Street, etc.) Proposed 2003 Schedule of Base Unit Values Sub-class Market Value Barangay #1 (EM's Barrio) Legazpi/Daraga Boundary (Rizal St.) to YMCA Road C-2 7,500.00 EM's Barrio R-1 1,920.00 Camp Simeon Ola R-1 1,920.00 Bucit R-1 1,920.00 Barangay #2 (EM's Barrio-South) Legazpi/Daraga Boundary (Rizal St.) to Sagpon Bridge C-2 7,500.00 BU-College of Education R-1 1,920.00 Interior Rizal St. R-1 1,920.00 Gapo River to Daraga Boundary R-3 900.00 Brgy. #3 (EM's Barrio-East) YMCA Road (Rizal St.) to Sagpon Bridge C-2 7,500.00 YMCA Road R-1 1,920.00 Interior YMCA Road to Ruran River R-2 1,300.00 Gapo River to Daraga Boundary R-2 1,300.00 Brgy. #4 Sagpon Gapo River to Rizal St. C-2 7,500.00 Rizal St. to Balagtas St. C-2 7,500.00 F. Balagtas St. to Lerma St. R-1 1,920.00 Lerma St. to Gapo R-1 1,920.00 F. Balagtas St. to Sampaguita St. R-1 1,920.00 Sampaguita St. to Gapo St. R-1 1,920.00 Rizal St. to Jacinto St. C-2 7,500.00 Jacinto St. to Lerma St. C-2 7,500.00 Cor. Balagtas St. and Lerma St. R-1 1,920.00 Jacinto St. to Sampaguita St. R-1 1,920.00 Gapo River to Ruran River R-2 1,300.00 Brgy. #5 (Sagmin) Rizal St. (Jacinto) to Florante St. C-2 7,500.00 Vinzon St. to Florante St. R-1 1,920.00 Sampaguita St. R-1 1,920.00 Ibarra St. R-1 1,920.00 Florante St. R-1 1,920.00 Vinzon St. R-1 1,920.00 ALECO Property C-3 3,800.00 Gapo River to Ruran River R-2 1,300.00 Brgy. #6 (Baadero) Lerma St. to Baadero R-1 1,920.00 Lerma St. to E. Jacinto St. C-2 7,500.00 E. Jacinto St. (Interior) R-2 1,300.00 Baadero St. (Interior) R-2 1,300.00 Interior Southwest Baadero R-3 900.00 Brgy. #7 (Bao) Rizal St. C-2 7,500.00 R. Serrano St. R-1 1,920.00 Vinzon St. R-1 1,920.00 Balintawak St. R-1 1,920.00 Gov. Locsin St. C-2 7,500.00 Brgy. #8 (Kawit-East Washington Drive) Captain F. Aquende Drive C-2 7,500.00 Aquende (Interior) R-2 1,300.00 Ruran River to PNR Track R-2 1,300.00 PNR Track to Military Reservation R-3 900.00 PNR to Capt. F. Aquende Drive (Interior) C-4 3,000.00 Brgy. #9 (Pinaric) Rizal St. to Gov. Reynolds C-2 7,500.00 Gov. Reynolds to Vinzon R-1 1,920.00 Tandang Sora St. R-1 1,920.00 Interior Tandang Sora St. R-2 1,300.00 Brgy. #10 (Cabugao) Rizal St. C-2 7,500.00 Msgr. Reyes St. to Cor. Sikatuna R-1 1,920.00 Msgr. to Tandang Sora R-2 1,300.00 Msgr. to J.B. Alegre C-4 3,000.00 Brgy. #11 (Maoyod) Tandang Sora/Cor. Marquez to Calderon St. R-2 1,300.00 Calderon St. to Reyes St. R-2 1,300.00 Msgr. Reyes St. to Alegre St. C-4 3,000.00 Interior Diego Silang St. R-3 900.00 Brgy. #12 (Tula-Tula) Rosario St. C-4 3,000.00 Rosario St. to Alegre St. C-4 3,000.00 Alegre St. R-3 900.00 Diego Silang St. R-3 900.00 Interior Alegre St. R-3 900.00 Brgy. #13 (Ilawod-West) Rizal St. to Sikatuna St. C-2 7,500.00 Sikatuna St. to Rosario St. C-3 3,800.00 Macario St. to Panal River R-3 900.00 Brgy. #14 (Ilawod) Rizal St. to Sikatuna St. C-2 7,500.00 Leonor Rivera St. to Ma. Clara St. C-2 7,500.00 Ma. Clara St. to Doa Aurora R-1 1,920.00 Marquez St. to Camiri River R-3 900.00 Brgy. #15 (Ilawod-East) Rizal St. to Sikatuna St. C-2 7,500.00 Doa Aurora St. to Imperial St. R-1 1,920.00 Marquez St./Marquez Extension to Camiri River R-3 900.00 Cor. Imperial St. to Marquez Extension C-3 3,800.00 Interior Marquez Extension to Macabalo River R-3 900.00 Brgy. #16 (Kawit-East Washington) Capt. F. Aquende Drive C-2 7,500.00 Interior Alternate Road to PNR Track C-4 3,000.00 PNR Track to Ruran River C-4 3,000.00 Ruran River to Sagumayon River R-3 900.00 Balintawak C-2 7,500.00 Gov. Locsin C-2 7,500.00 Brgy. #17 (Rizal St. to Ilawod) Rizal St. C-2 7,500.00 Interior Rizal St. to Sagumayon River C-3 3,800.00 Sagumayon River to Ruran River R-3 900.00 Ruran River to PNR Track R-2 1,300.00 PNR Track to Interior Alternate C-4 3,000.00 Alternate Road C-2 7,500.00 Interior Alternate Road (North) C-4 3,000.00 Brgy. #18 (Cabangan West) Rizal St. to Sagumayon River C-2 7,500.00 Rizal St. C-2 7,500.00 Interior Rizal St. to Ruran River R-2 1,300.00 Ruran River to PNR Track R-1 1,920.00 Tahao/Road C-2 7,500.00 Interior Tahao/Alternate Road C-4 3,000.00 Interior Alternate Road (North) C-4 3,000.00 Brgy. #19 (Cabangan) Rizal St. C-1 9,000.00 Rizal St. to Macabalo River R-2 1,300.00 Interior Rizal St. to PNR Track R-1 1,920.00 Brgy. #20 (Cabanga-East) Rizal Street C-1 9,000.00 Interior Rizal St. R-1 1,920.00 Brgy. #21 (Binanuahan-West) Rizal Street C-1 9,000.00 Int. Rizal St. to Imperial Court I C-2 7,500.00 Puro Road C-2 7,500.00 Puro Road (South-West) R-2 1,300.00 Brgy. #22 (Binanuahan-East) Puro Road (South-East) to Macabalo River R-2 1,300.00 Brgy. #23 (Imperial Court) Rizal St. C-1 9,000.00 Interior Imperial Court R-2 1,300.00 Brgy. #24 (Rizal St.) Rizal St. C-1 9,000.00 Interior Rizal St. to Creek R-2 1,300.00 Brgy. #25 (Lapu-Lapu) Rizal St. to Lapu-Lapu St. C-1 9,000.00 Lapu-Lapu St. C-1 9,000.00 Interior Lapu-Lapu St. R-2 1,300.00 Brgy. #26 (Dinagaan) Cor. Rizal Avenue/Cor. Quezon Ave. to Pearanda St. C-1 9,000.00 Pearanda St. to Mabini St. C-1 9,000.00 Quezon Ave. C-1 9,000.00 Interior Quezon Ave./Lapu-Lapu St. R-2 1,300.00 Brgy. #29 (Sabang) Quezon Ave. Extension C-1 9,000.00 Elizondo St. to Belarmino St. C-1 9,000.00 Belarmino St. to Seashore C-2 7,500.00 Brgy. #30 (Pigcale) F. Mabini St. to Elizondo St. C-1 9,000.00 Elizondo St. C-1 9,000.00 Int. Elizondo St. to Seashore C-2 7,500.00 Brgy. #31 (Bay-Bay) Pearanda St. to Erquiaga St. C-1 9,000.00 Rafael St. C-1 9,000.00 Interior Erquiaga St. to Seashore C-2 7,500.00 Brgy. #32 (San Roque) Cor. Ramon Santos St./Erquiaga St. C-1 9,000.00 San Roque/Looban R-1 1,920.00 Erquiaga St. (West) to Cor. Siping St. (South) C-4 3,000.00 Erquiaga St. (Southeast) to Seashore R-3 900.00 Interior Erquiaga (Southeast) to Seashore C-4 3,000.00 Erquiaga St. (East) to Seashore C-4 3,000.00 Erquiaga St. (Northeast) to Slaughter House R-3 900.00 Corner Calle Siping (North) C-2 7,500.00 Interior Calle Siping/Gov. Forbes St. R-2 1,300.00 Brgy. #33 (Pearanda-Iraya) Ramon Santos St. C-1 9,000.00 Pearanda Extension C-1 9,000.00 Interior Pearanda Ext. to Tibu River C-2 7,500.00 Tibu River to PNR Track C-4 3,000.00 Junction to Calle Gogon C-1 9,000.00 Pearanda Ext. (Looban) R-1 1,920.00 Interior Pearanda Ext. (East) C-4 3,000.00 Brgy. #34 (Oro Site) Rizal Avenue C-1 9,000.00 Quezon Avenue C-1 9,000.00 Magallanes St. C-1 9,000.00 T. Alonzo St. C-1 9,000.00 Ramon Santos St. C-1 9,000.00 Pearanda St. C-1 9,000.00 Pearanda St. Extension C-1 9,000.00 Quezon Avenue Ext. to Creek R-1 1,920.00 Brgy. #35 (Tinago) Rizal St. C-1 9,000.00 Imperial St. C-1 9,000.00 Brgy. #36 (Capantawan) Circumferential Road C-1 9,000.00 Interior Circumferential to PNR Track C-2 7,500.00 F. Imperial St. to Land Co. Property C-1 9,000.00 Land Co. to PNR Track C-2 7,500.00 PNR Track to Central Market C-2 7,500.00 Interior Sols Subdv. to Creek C-2 7,500.00 Brgy. #37 (Bitano) Creek/Oro Site R-1 1,920.00 Interior Quezon Ave. to PNR Track C-2 7,500.00 PNR Track to Road (Along OLV) C-3 3,800.00 Brgy. #38 (Gogon) Lakandula Dive C-2 7,500.00 Interior Lakandula North R-3 900.00 Interior Lakandula South C-4 3,000.00 Brgy. #39 (Bonot) Pearanda Ext. C-4 9,000.00 Junction/Lakandula Drive to PNR Track C-1 9,000.00 Int. Lakandula Drive/Pearanda Extension C-4 3,000.00 Calle Siping C-2 7,500.00 Int. Calle Siping/Pearanda Ext. R-2 1,300.00 De Fedbac Compound C-2 7,500.00 De Fedbac to Albay Subdivision R-3 900.00 Legazpi Diversion (South) to PNR Track C-2 7,500.00 Legazpi Diversion (North) to PNR Track R-3 900.00 Brgy. #40 (Cruzada) Lakandula Drive C-2 7,500.00 Capt. F. Aquende Drive C-2 7,500.00 Lakandula Drive (North) Interior R-3 900.00 Tahao Road C-3 3,800.00 Interior Tahao Road/Lakandula Drive C-4 3,000.00 Interior Lakandula/Aquende Drive R-3 900.00 Airport Road C-2 7,500.00 Interior Aquende Drive/Airport Road R-2 1,300.00 Interior Aquende Dr. to Runway R-3 900.00 Lakandula Drive Ext. R-2 1,300.00 Interior Aquende/Airport C-4 3,000.00 Interior Airport Road to Military Reservation R-3 900.00 Brgy. #41 (Bogtong) Legazpi Diversion Road I-3 Bogtong R-3 900.00 Brgy. #42 (Rawis) National Road C-3 3,800.00 Interior Rawis R-3 900.00 Brgy. #43 (Tamaoyan) R-5 350.00 Brgy. #44 (Pawa) R-5 350.00 Brgy. #45 (Dita) R-4 630.00 Brgy. #46 (San Joaquin) R-4 630.00 Brgy. #47 (Arimbay) Along National Road (East) I-2 Along National Road (West) R-3 900.00 Brgy. #48 (Bagong Abre) R-5 350.00 Brgy. #49 (Bigaa) Interior R-5 350.00 National Road R-4 630.00 Brgy. #50 (Padang) Interior R-5 350.00 National Road R-4 630.00 Brgy. #51 (Buyuan) R-5 350.00 Brgy. #52 (Matanag) R-5 350.00 Brgy. #53 (Bonga) R-5 350.00 Brgy. #54 (Mabinit) R-5 350.00 Brgy. #55 (Estanza) R-5 350.00 Brgy. #56 (Taysan) R-4 630.00 Brgy. #57 (Dap-Dap) R-3 900.00 Brgy. #58 (Buragwis) R-3 900.00 Brgy. #59 (Puro) R-5 350.00 Brgy. #60 (Lamba) R-5 350.00 Brgy. #61 (Maslog) R-5 350.00 Brgy. #62 (Homapon) R-5 350.00 Brgy. #63 (Mariawa) R-5 350.00 Brgy. #64 (Bagacay) R-5 350.00 Brgy. #65 (Imalnod) R-5 350.00 Brgy. #66 (Banquerohan) R-5 350.00 Brgy. #67 (Barlis) R-5 350.00 Brgy. #68 (San Francisco) R-5 350.00 Brgy. #69 (Buenavista) R-5 350.00 Brgy. #70 (Cagbacong) R-5 350.00 TABULATED SCHEDULE OF THE BASE UNIT MARKET VALUE FOR RESIDENTIAL AND COMMERCIAL LAND SUB CLASS RESIDENTIAL COMMERCIAL First Class 1,920.00 9,000.00 Second Class 1,300.00 7,500.00 Third Class 900.00 3,800.00 Fourth Class 630.00 3,000.00 Fifth Class 350.00 PRIVATE & GOVERNMENT OWNED SUBDIVISION Proposed 2003 Schedule of Unit Market Values Aeroville Subdivision (3) 2,000.00 Aeroville Technohomes Subdivision (40) 3,000.00 Aeroville City Homes (38) 2,000.00 Aeroville Resort Homes (39) 2,000.00 Anunciacion Dy Homelots (21) 1,500.00 Bicol Resources (39) 2,000.00 Central City Subdivision (40) 3,000.00 Dap-Dap Village (57) 1,500.00 De Vera Subdivision (03) 1,500.00 Doa Paz Village (57) 3,000.00 Esteban Uy Subdivision (20) 3,000.00 George Town Subdivision (21) 7,500.00 Guevarra Subdivision (15/18) 2,000.00 Happy Homes Subdivision (05/08) 3,000.00 Happy Homes Classica (38) 3,000.00 Ibalong Village (56) 1,500.00 Imperial Court I Subdivision (23) 7,500.00 Imperial Court II Subdivision (24) 9,000.00 Imperial Court III Subdivision (40) 2,000.00 Imperial Heights Subdivision 1,000.00 Imperial Ridgeview 2,000.00 Intiaville Subdivision (42) 1,500.00 James Subdivision (43) 1,000.00 John Taylor Homelots (38) 1,500.00 Maria Aurora (City) Subdivision (38) 2,000.00 New Country Homes (55) 1,500.00 Oroland Subdivision (42) 1,500.00 Our Lady's Village (37) 2,000.00 Pacita's Subdivision (16) 1,500.00 Pag-asa Subdivision (42) 1,500.00 Paran's Subdivision (16) 2,000.00 Pambansang Bagong Nayon (58) 1,000.00 Renaissance Garden (40) 6,000.00 Sicam's Subdivision (3) 2,000.00 Sol's Subdivision (36) 3,000.00 Southern Homes (38) 2,000.00 St. Vincent Village Subdivision (20) 4,000.00 Sta. Monica Heights (56) 1,000.00 Sto. Nio Village (56) 2,000.00 Sunrise Subdivision (40) 2,000.00 Techers Village (40) 2,000.00 University Home Lots 2,000.00 Vel-Amor Subdivision (18) 3,000.00 Villa Virginia Homelots (42) 1,500.00 VRT Subdivision (42) 1,500.00 SCHEDULE OF BASE UNIT MARKET VALUE FOR AGRICULTURAL LANDS PER HECTARE A) KIND OF LAND PRODUCTIVITY CLASS 1 2 3 4 1. Coconut Land 24,500.00 17,500.00 10,500.00 2. Riceland, Irrigated 70,000.00 57,400.00 43,750.00 3. Riceland, Un-irrigated 30,100.00 22,400.00 17,500.00 4. Abaca Land 33,500.00 24,300.00 15,200.00 5. Citrus Land (Calamansi) 35,000.00 28,500.00 22,500.00 6. Nipa Land 16,210.00 11,200.00 8,110.00 6,490.00 7. Corn Land 52,400.00 40,000.00 28,000.00 16,000.00 8. Fish Pond 147,000.00 122,500.00 98,000.00 9. Banana Land 18,000.00 9,000.00 6,000.00 10. Orchard 18,000.00 14,000.00 10,000.00 11. Seasonal Crop Land (Watermelon, Squash, Cabbage, Pechay, Tomatoes) 25,000.00 23,000.00 21,000.00 12. Pasture/Uncultivated 10,000.00 13. Pili Land 55,000.00 14. Coffee Land SCHEDULE OF BASE UNIT MARKET VALUE OF IMPROVEMENTS (B) KINDS OF LAND IMPROVEMENTS Unit Value KINDS OF LAND IMPROVEMENTS Unit Value 1. Coconut (Per Tree) 270.00 10. Jackfruit (Per Tree)* 200.00 2. Abaca Plants (Per Hectare) 50,000.00 11. Avocado (Per Tree)* 250.00 3. Banana Plants (Per Hill) 150.00 12. Santol (Per Tree)* 260.00 4. Citrus Tree (Cal./tree) 135.00 13. Chico (Per Tree)* 200.00 5. Nipa Grooves (Per Hectare) 21,670.00 14. Anahaw (Per Tree) 100.00 6. Mangro Tree (Per Tree) 350.00 15. Bamboo (Per Groove) 200.00 7. Cacao (Per Tree)* 170.00 16. Pineapple (Per Hill) 5.00 8. Coffee (Per Tree)* 200.00 17. Lanzones (Per Tree)* 200.00 9. Pili Tree (Per Tree)* 320.00 *Fruit Bearing SCHEDULE OF BASE UNIT MARKET VALUE For MINERAL LANDS (Per hectare) A. METALLIC MINERAL LANDS 1. Patented lode mining claims, producing P47,750.00 2. Unpatented lode mining claims, which may be patented 47,750.00 3. Unpatented non-producing lode mining claims which may be patented 23,760.00 4. Patented placer mining claims, Producing or non-producing 23,760.00 5. Unpatented producing placer mining claims which may be patented 23,760.00 6. Unpatented non-producing placer mining claims which may be patented 11,880.00 B. NON-METALLIC LANDS 1. Patented producing or non-producing P11,880.00 2. Unpatented producing which may be patented 11,880.00 3. Unpatented non-producing, which may patented 5,170.00 SCHEDULE OF BASE UNIT MARKET VALUE FOR QUARIES BASE UNIT VALUE PER HECTARE Class SAND, GRAVEL, EARTHFILL First P31,490.00 Second 26,450.00 Third 15,090.00 Fourth 3,770.00 SCHEDULE OF BASE UNIT CONSTRUCTION COST TYPE OF BUILDING ONE FAMILY RESIDENCE TWO FAMILY RESIDENCE ACCESSORIA OR ROW HOUSE APARTMENT BUILDING, APARTELLE LODGING HOUSE, MOTEL I-A 8,500-8,800 8,300-8,600 7,900-8,200 10,400-10,700 8,000-8,300 I-B 7,800-8,100 7,600-7,900 7,200-7,500 9,700-10,000 7,300-7,600 II-A 6,900-7,200 6,700-7,000 6,300-6,600 8,800-9,100 6,400-6,700 II-B 6,200-6,500 6,000-6,300 5,600-5,900 8,100-8,400 5,700-6,000 II-C 5,500-5,800 5,300-5,600 4,900-5,200 7,400-7,700 5,000-5,300 III-A 4,600-4,900 4,400-4,700 4,000-4,300 6,500-6,800 4,100-4,400 III-B 3,900-4,200 3,700-4,000 3,300-3,600 5,800-6,100 3,400-3,700 III-C 3,200-3,500 3,000-3,300 2,600-2,900 5,100-5,400 2,700-3,000 IV 2,300-2,600 2,100-2,400 1,700-2,000 4,200-4,500 1,800-2,100 OFFICE BUILDING, BANKS FACTORY WAREHOUSE BODEGA SUPERMARKET SHOPPING CENTER GYMNASIUM COCKPIT RECREATIONAL BUILDING RESTAURANT I-A 10,100-10,400 7,700-8,000 9,100-9,400 7,900-8,100 9,400-9,700 I-B 9,400-9,700 7,000-7,300 8,400-8,700 7,100-7,500 8,700-9,000 II-A 8,500-8,800 6,100-6,400 7,500-7,800 6,200-6,500 7,800-8,100 II-B 7,800-8,100 5,400-5,700 6,800-7,100 5,500-5,800 7,100-7,400 II-C 7,100-7,400 4,700-5,000 6,100-6,400 4,800-5,100 6,400-6,700 III-A 6,200-6,500 3,800-4,100 5,200-5,500 3,900-4,200 5,500-5,800 III-B 5,500-5,800 3,100-3,400 4,500-4,800 3,200-3,500 4,800-5,100 III-C 4,800-5,100 2,400-2,700 3,800-4,100 2,500-2,800 4,100-4,400 IV 3,900-4,200 1,500-1,800 2,900-3,200 1,600-1,900 3,200-3,500 FUNERAL PARLOR CARPARK BUILDING CONVENTION HALL, AUDITORIUM, CLUB HOUSE, THEATER COLD STORAGE OPEN SHED I-A 8,900-9,200 8,200-8,500 10,800-11,100 7,800-8,200 5,300-5,600 I-B 8,200-8,500 7,500-7,800 10,100-10,400 7,200-7,500 4,600-4,900 II-A 7,300-7,600 6,600-6,900 9,200-9,500 6,300-6,600 3,700-4,000 II-B 6,600-6,900 5,900-6,200 8,500-8,800 5,600-5,900 3,000-3,300 II-C 5,900-6,200 5,200-5,500 7,800-8,100 4,900-5,200 2,300-2,600 III-A 5,000-5,300 4,300-4,600 6,900-7,200 4,000-4,300 1,400-1,700 III-B 4,300-4,600 3,600-3,900 6,200-6,500 3,300-3,600 III-C 3,600-3,900 2,900-3,200 5,500-5,800 2,600-2,900 IV 2,700-3,000 2,000-2,300 4,600-4,900 1,700-2,000 LAUNDRY, GUARD HOUSE QUARTERS HOTEL HOSPITALS CATHEDRAL CHURCH CHAPEL SCHOOL GASOLINE STATION I-A 7,200-7,500 11,000-11,300 8,800-9,100 8,700-9,000 7,500-7,800 I-B 6,500-6,800 10,300-10,600 8,100-8,400 8,000-8,300 6,800-7,100 II-A 5,600-5,900 9,400-9,700 7,200-7,500 7,100-7,400 5,900-6,200 II-B 4,900-5,200 8,700-9,000 6,500-6,800 6,400-6,700 5,200-5,500 II-C 4,200-4,500 8,000-8,300 5,800-6,100 5,700-6,000 4,500-4,800 III-A 3,300-3,600 7,100-7,400 4,900-5,200 4,800-5,100 3,600-3,900 III-B 2,600-2,900 6,400-6,700 4,200-4,500 4,100-4,400 2,900-3,200 III-C 1,900-2,200 5,700-6,000 3,500-3,800 3,400-3,700 2,200-2,500 IV 1,000-1,300 4,800-5,100 2,800-2,900 2,500-2,800 1,300-1,600 B. THE ASSESSMENT LEVELS ON BUILDING AND OTHER STRUCTURES 1. Residential FAIR MARKET VALUE ASSESSMENT LEVEL Over Not Over P0 P175,000.00 0% 175,000.00 300,000.00 10% 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 5,000,000.00 40% 5,000,000.00 10,000,000.00 50% 10,000,000.00 60% 2. Agricultural Over Not Over P0 P300,00.00 25% 300,000.00 500,00.00 30% 500,000.00 750,000.00 35% 750,000.00 1,000,000.00 40% 1,000,000.00 2,000,000.00 50% 3. Commercial or Industrial P0 P300,000.00 30% 300,000.00 500,000.00 35% 500,000.00 750,000.00 40% 750,000.00 1,000,000.00 50% 1,000,000.00 2,000,000.00 60% 2,000,000.00 5,000,000.00 70% 5,000,000.00 10,000,000.00 75% 10,000,000.00 80% 4. Machineries CLASS Assessment Level Agricultural 40% Residential 50% Commercial 80% Industrial 80% 5. Special Classes : Assessment Level for all lands, buildings, machineries and other improvements. Actual Use Assessment Level Scientific 15% Hospital 15% Recreational (Non-Profit) 15% Local Water District 10% Government-owned or controlled corporation engaged in the supply and distribution of water and/or generation and transmission of electric power. 10% CHAPTER III Legal Basis WHEREAS , pursuant to Section 212 of RA 7160 otherwise known as Local Government Code of 1991 and Section 2.12 Chapter II of Ordinance 95-07 the schedule of base unit market values for lands and schedule of base unit for construction costs of buildings and other structures as presented in Chapter II of this ordinance are hereby prescribed as basis for the classification, appraisal and assessment of real properties located in the City of Legazpi, in connection with the general revision of real property assessment and classification mandated under Section 219 of the same code. BE IT, THEREFORE, RESOLVED , by the Sanggunian Panlungsod of the City of Legazpi in session assembled, to adopt and approve, as it hereby adopts and approve the base unit market values for lands and schedule of base unit construction costs of buildings and other structures as herein provided. RESOLVED FURTHER , that this ordinance shall be published in a newspaper of general circulation in the City of Legazpi for three consecutive weeks. DETACa ENACTED: December 3, 2002. APPROVED: Nominal Voting: Councilor Adornado, "Yes"; Councilor Arroyo, "Yes"; Councilor Azul, "Yes"; Councilor Baldo, "Yes"; Councilor Cabigao, "Yes"; Councilor Imperial, "Yes"; Councilor Llaguno, "Yes"; Councilor Pacamarra, "Yes"; Councilor Santillan, "Yes"; Councilor Lee, "Yes" and Councilor Nidea, "Yes". Unanimously Approved. WE HEREBY CERTIFY to the correctness of the foregoing Ordinance duly enacted by the Sangguniang Panlungsod of the City of Legazpi during its 39th Regular Session held on December 03, 2002 . (SGD.) IRENE M. DEL ROSARIO Board Secretary III (SGD.) JESUS ENRICO B. SALAZAR Vice-Mayor and Presiding Officer DATE APPROVED: January 15, 2003 (SGD.) NOEL E. ROSAL City Mayor