Butuan City

June 27, 1990 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 103 BUTUAN CITY (renumbered as of November 30, 1994) 1990 ZONAL VALUES OF REAL PROPERTIES IN BUTUAN CITY UNDER REVENUE DISTRICT NO. 103 (renumbered as of November 30, 1994) FOR INTERNAL REVENUE TAX PURPOSES (29 BARANGAYS) 1. APPROVAL BY THE TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION June 27, 1990 2. PUBLIC HEARING March 30, 1990 3. APPROVAL BY THE EXECUTIVE COMMITTEE ON REAL PROPERTY VALUATION June 27, 1990 4. DEPARTMENT ORDER NO. 55-90 June 27, 1990 IMPLEMENTING THE ZONAL VALUES OF REAL PROPERTIES IN THE CITY OF BUTUAN, REVENUE DISTRICT NO. 103. 5. PUBLICATION IN THE GENERAL CIRCULATION (THE PHILIPPINE STAR) Nov. 29, 1990 6. EFFECTIVITY DATE 15 DAYS AFTER THE DATE OF CIRCULATION OF A NEWSPAPER Dec. 15, 1990 PREPARED BY: SECRETARIAT, TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION REAL PROPERTY VALUATION UNDER MINISTRY ORDER NO. 21-86 (AS AMENDED BY DEPARTMENT ORDER 13-89) EXECUTIVE COMMITTEE CHAIRMAN HON. JOSE U. ONG COMMISSIONER OF INTERNAL REVENUE BUREAU OF INTERNAL REVENUE MEMBERS MS. LORINDA M. CARLOS EXECUTIVE DIRECTOR BUREAU OF LOCAL GOVERNMENT FINANCE DEPARTMENT OF FINANCE ATTY. ERNESTO O. MENDIOLA COMMISSIONER & CHIEF EXECUTIVE OFFICER HOUSING AND LAND USE REGULATORY BOARD (HLURB) MR. VICENTE G. QUINTOS EXECUTIVE DIRECTOR NATIONAL TAX RESEARCH CENTER ATTY. EUFRACIO D. SANTOS DEPUTY COMMISSIONER BUREAU OF INTERNAL REVENUE MR. GABRIEL A. AMBROSIO REPRESENTATIVE INSTITUTE OF PHIL. REAL ESTATE APPRAISERS (IPREA) MR. RAMON P. TIOSECO REPRESENTATIVE PHIL. ASSOCIATION OF REALTORS BOARD (PAREB) SECRETARIAT ATTY. IMELDA L. REYES ASSISTANT COMMISSIONER (NAO) CHAIRMAN, TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION REAL PROPERTY VALUATION UNDER MINISTRY ORDER NO. 20-86 (AS AMENDED BY DEPARTMENT ORDER 12-89) TECHNICAL COMMITTEE CHAIRMAN ATTY. IMELDA L. REYES ASSISTANT COMMISSIONER NATIONAL ASSESSMENT OFFICE BUREAU OF INTERNAL REVENUE MEMBERS MR. SANTIAGO A. SOTELO CHIEF REAL PROPERTY ASSESSMENT EXAMINATION DIV. DEPARTMENT OF FINANCE MR. BELEN G. CENIZA PROGRAM COORDINATOR HOUSING AND LAND USE REGULATORY BOARD (HLURB) ATTY. VICTORINO MANALATEO SPECIAL ASSISTANT TO DEPUTY COMMISSIONER B. D. SANTOS BUREAU OF INTERNAL REVENUE MR. JUAN VENTIGAN CHIEF, ASSESSMENT PERFORMANCE CONTROL DIVISION BUREAU OF INTERNAL REVENUE MR. VICTOR T. SALINAS REPRESENTATIVE PHIL. ASSOCIATION OF REALTORS BOARD (PAREB) MR. QUIRINO B. BATERNA REPRESENTATIVE INSTITUTE OF PHIL. REAL ESTATE APPRAISERS (IPREA) SECRETARIAT MRS. LUCINA F. GALERA ASST. CHIEF, ASSESSMENT PERFORMANCE CONTROL DIVISION BUREAU OF INTERNAL REVENUE MS. REMEDIOS D. CABAET CHIEF, SYSTEMS AND PROGRAMMING DEP'T. REVENUE INFORMATION SYSTEMS SERVICES, INC. ON REAL PROPERTY VALUATION UNDER RSO 64-86 TECHNICAL COMMITTEE SECRETARIAT LUCINA F. GALERA CHAIRMAN LEONOR S. VILLALON MEMBER ESPERANZA B. TEE MEMBER JULIANA CONCEPCION MEMBER REMEDIOS D. CARAET CONSULTANT VICTOR G. BORROMEO CONSULTANT FELIPE M. BUENCAMINO CONSULTANT TECHNICAL AND FACILITIES POOL LAURA L. IGNACIO POLICY DIVISION INGERSOL A. CASTRO REVENUE COMPUTER CENTER GODOFREDO T. ABELEDA BENIGNO S. MANALO GEN. SERVICES DIVISION GLEN ANTENOR-CRUZ FACILITIES MAINTENANCE DIVISION CLERICAL & STENOGRAPHIC POOL BETTY T. DUYAG OFF. OF THE DEPUTY COMM. JOSEFINA L. ORACION ASSESSMENT PERFORMANCE CONTROL DIVISION EDWARD G. DECENA LUISA S. VALENCIA R. ROSEMARIE I. ENGRACIA SHIRLEY V. OBIAS ON REAL PROPERTY VALUATION FOR RDO 103, BUTUAN CITY CREATED UNDER DEPARTMENT OF FINANCE ORDER NO. 12-89 DATED FEBRUARY 27, 1989 SUB-TECHNICAL COMMITTEE GALAHAD D. BALAGON CHAIRMAN (RDO, BUTUAN CITY) EDWIN B. LUZON MEMBER (CITY ASSESSOR) ORLANDO B. POLON JR. MEMBER (PROVINCIAL ASSESSOR) FEDERICO J. LAMIGO MEMBER (PRIVATE SECTOR) CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO 103 BUTUAN CITY 1. No previous sale of property of a particular classification. Where in the approved listing of zonal values (for various classifications of real property), no value has been prescribed for a particular classification, the zonal value prescribed for the same class of real property located in the adjacent barangay of similar conditions shall be used. 2. No previous sale of property of any classification. In a barangay where no sale, exchange or other disposition of land has been effected, the approved zonal value of a similarly situated property in an adjacent barangay of similar conditions, shall be used. 3. Division of a barangay. In the event that an existing barangays is divided into two or more barangays, the zonal values prescribed for the existing barangay shall be used for the newly created barangay. 4. Commercial. All real properties, regardless of actual use, located in a street/barangay/zone, the use of which are predominantly commercial shall be considered as commercial for purposes of zonal valuation. 5. Values of condominiums and townhouses. In determining or arriving at the zonal values for condominiums and townhouses, the value of the land as well as the value of the building shall be treated as one, if the title is a CCT or Condominium Certificate of Title. However, if the title is a TCT or Transfer Certificate of Title, land and improvements shall be given separate values. The ground floor of a condominium shall be classified as commercial and 20% of the established value shall be added thereto. 6. Area for Priority Development (APD). These are areas identified as areas for priority development certified to as such by the Housing and Land Use Regulatory Board (HLURB). If it is utilized for social housing, it shall be certified to as such by the proper government agency e.g., Presidential Commission on Urban Poor (PCUP), National Housing Authority (NHA), etc. 7. Zonal value or FMV established in the schedule of values of assessors. The zonal values established herein shall apply in computing all internal revenue taxes provided that the capital gains tax from sales, exchanges, or other dispositions of real property located in Butuan City as classified as capital assets, including pacto de retro sales and other forms of conditional sales, by individuals, estates and trusts, shall be taxes at the rate of 5% based on the gross selling price, if the consideration is higher than the zonal values herein established. Provided, however, that the value of the property to be used in computing all internal revenue taxes shall be (1) the fair market value as determined by the Commissioner of Internal Revenue (i.e. zonal values) of (2) the fair market value as shown in the schedule of values of the provincial and city assessors, whichever is higher.