Surigao City

May 9, 1995 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 105 SURIGAO CITY ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF ALEGRIA, SAN FRANCISCO (ANAO-AON) BACUAG, BASILISA, BURGOS, CAGDIANAO, CLAVER, DAPA, DEL CARMEN, GEN. LUNA, GIGAQUIT, LIBJO, LORETO, MAINIT, MALIMONO, PILAR, PLACER, SAN BENITO, SAN ISIDRO, SAN JOSE, SISON, STA. MONICA, SOCORRO, SURIGAO CITY, TAGANA-AN, TUBAJON AND TUBOD UNDER REVENUE DISTRICT NO. 105 SURIGAO CITY SUB-TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION FOR RDO NO. 105 SURIGAO CITY CREATED UNDER DEPARTMENT OF FINANCE ORDER NO. 12-89 DATED FEBRUARY 27, 1989 CHAIRMAN RDO ROGELIO D. ESCOBAR REVENUE DISTRICT OFFICER RD- 105 SURIGAO CITY MEMBERS MUNICIPAL ASSESSORS ROBERTO M. BURNEA ISABEL I. RANAY LILIA LADAGA PANTALEON A. BAYBAY JAIME M. GEALAN PEDRITA V. DOMINAS ESTER E. MINAO FRANCISCA MIRANDA DESEDERIO B. DOLIGOL FLORA L. GEOTINA NESTOR REYES NECODEMUS DEDUMO ELIAS E. BUENAFE PRESIOSA D. LLORCA BEBIANA F. PARRAGUIRRE RUBEN E. MAGONCIA RICHARD C. POLVOROSA MARCHA M. DOVERTE EMMANUEL R. FEBORA PEDRO PARPAN MARCELINDA B. MALATAMBAN MARCELO G. LISA BIENVENIDO D. ADLAO JOCELYN B. AMOMONPAN NORBERTO LUMPAY CATALISIO S. IGNALIG PRIVATE SECTORS GIL DAYAP ANGELITO VERNAL PEDRO S. GASTARDO JUANITO G. PIODO PASTOR C. VITUDAZO LORETO B. AMBAG FORTUNATO PAGALPALAN HONORATO ALBURO FLORA L. GEOTINA RODRIGO E. SUMAYANG ERNESTO SANTIC RICARDO CAGA ANTONIO Y. GARCIA DATCHON TESIOBAN FELIPE M. ANGGOL LUDOVICO ROCULAS EMMANUEL L. MACALOS EUTEGNIO BESINA COMMONWEALTH M. BALTAZAR ARTURO F. COMETA LORLITO L. DIGAL IGNACIO MAGLENTE CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO NO. 105 SURIGAO CITY 1. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY. WHERE IN THE APPROVED SCHEDULE OF ZONAL VALUES FOR A PARTICULAR BARANGAY a) NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION IN A PARTICULAR STREET/SUBDIVISION IN A BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN THE OTHER STREET/SUBDIVISION WITHIN THE SAME BARANGAY OF SIMILAR CONDITIONS SHALL BE USED; AND b) NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY IN ONE BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN AN ADJACENT BARANGAY OF SIMILAR CONDITIONS SHALL BE USED. 2. PREDOMINANT USE OF PROPERTY a) ALL REAL PROPERTIES, REGARDLESS OF ACTUAL USE, LOCATED IN A STREET/BARANGAY/ZONE, THE USE OF WHICH ARE PREDOMINANTLY COMMERCIAL SHALL BE CLASSIFIED AS "COMMERCIAL" FOR PURPOSES OF ZONAL VALUATION. b) THE PREDOMINANT USE OF OTHER CLASSIFICATION OF PROPERTIES LOCATED IN A STREET/BARANGAY/ZONE, REGARDLESS OF ACTUAL USE SHALL BE CONSIDERED FOR PURPOSES OF ZONAL VALUATION. 3. ZONAL VALUES OF CONDOMINIUM UNIT/TOWNHOUSE: IF THE TITLE OF A PARTICULAR CONDOMINIUM UNIT/TOWNHOUSE IS a) A CONDOMINIUM CERTIFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE LAND AND THE IMPROVEMENTS SHALL BE TREATED AS ONE; OR b) A TRANSFER CERTIFICATE OF TITLE (TCT), THE LAND AND THE IMPROVEMENTS SHALL BE GIVEN SEPARATE VALUES; THE GROUND FLOOR OF A RESIDENTIAL CONDOMINIUM SHALL BE CLASSIFIED AS COMMERCIAL AND TWENTY (20%) OF THE ESTABLISHED VALUE SHALL BE ADDED THERETO. THESE ARE AREAS IDENTIFIED AS AREAS FOR PRIORITY DEVELOPMENT CERTIFIED TO AS SUCH BY THE HOUSING AND LAND USE REGULATORY BOARD (HLRB). IF IT IS UTILIZED FOR SOCIALIZED HOUSING, IT SHALL BE CERTIFIED TO AS SUCH BY THE PROPER GOVERNMENT AGENCY SUCH AS, PRESIDENTIAL COMMISSION ON URBAN POOR (PCUP), NATIONAL HOUSING AUTHORITY (NHA), ETC. 5. ZONAL VALUE OR FMV ESTABLISHED HEREIN 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, EXCHANGE, OR OTHER DISPOSITIONS OF REAL PROPERTY CLASSIFIED AS CAPITAL ASSETS, INCLUDING "PACTO DE RETRO" SALES AND OTHER FORMS OF CONDITIONAL SALES, BY INDIVIDUALS, ESTATE AND TRUSTS, SHALL BE TAXED AT THE RATE OF FIVE PERCENT (5%) BASED ON 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) OR (2) THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL/ CITY/MUNICIPAL ASSESSORS, WHICHEVER IS HIGHER.