Asuncion

September 11, 2002 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 112 TAGUM, DAVAO DEL NORTE MUNICIPALITY OF ASUNCION MUNICIPALITY: ASUNCION D.O. No. 26-03 49-95 3-92 Effectivity Date 11-16-03 09-18-95 07-31-92 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. BARANGAY: POBLACION BARANGAY LOTS MARKET SITE(W/IN POBLACION) CR CR 800.00 180.00 MARKET SITE (OUTSIDE POB) CR 500.00 130.00 BARANGAY SITE RR 160.00 55.00 I 300.00 120.00 CR 300.00 120.00 ATANOZA NATIONAL HIGHWAY RR 200.00 75.00 50.00 NORTH RR 200.00 70.00 45.00 BENTULAN NATIONAL HIGHWAY CR 400.00 180.00 125.00 FERNANDEZ NATIONAL HIGHWAY RR 200.00 75.00 40.00 FERRNIZ ST RR 200.00 90.00 JAVINES NATIONAL HIGHWAY RR 200.00 75.00 40.00 MUNICIPAL PLAZA RR 200.00 75.00 40.00 CR 400.00 175.00 100.00 JOSE ABAD SANTOS ST INTERIOR LOTS RR 200.00 90.00 LAPU-LAPU NATIONAL HIGHWAY RR 200.00 75.00 50.00 MABINI MUNICIPAL PLAZA CR 400.00 150.00 100.00 NATIONAL HIGHWAY RR 200.00 75.00 50.00 MAGSAYSAY NATIONAL HIGHWAY RR 200.00 75.00 45.00 QUEZON GANZA RR 200.00 70.00 35.00 RIZAL NATIONAL HIGHWAY CR 400.00 175.00 125.00 SOLIAO ROAD RR 200.00 85.00 SOLILAO NATIONAL HIGHWAY CR 400.00 180.00 125.00 SOLON ST RR 200.00 85.00 ALL OTHER STREETS FRONT NAT'L/PROV'L/MUN RD 1ST STRIP (50 MTRS) CR 300.00 150.00 2ND STRIP (BEYOND 50 MTRS) CR 300.00 115.00 FRONTING MAIN SUBD ROAD CR 300.00 140.00 NEAR HOSPITALS, THEATERS CR 300.00 130.00 GOV'T BLDGS, ETC. INTERIOR LOTS/SUBD LOTS RR 180.00 80.00 30.00 CR 30.00 BARANGAY: BINANCIAN 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 8.00 4.10 3.00 A2 6.00 2.25 2.00 A3 6.00 2.60 A6 9.00 5.15 2.50 A11 8.00 6.55 3.75 Export A14 9.00 7.90 7.00 Local A14 8.00 6.55 3.75 A16 6.00 2.60 2.30 A19 8.00 6.55 A26 8.00 6.55 3.75 A35 12.00 5.95 4.50 A43 6.00 2.60 2.30 A44 12.00 5.95 4.50 A48 8.00 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: BUAN 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 8.00 4.10 3.00 A2 6.00 2.25 2.00 A3 6.00 2.60 A6 9.00 5.15 2.50 A11 8.00 6.55 3.75 Export A14 9.00 7.90 7.00 Local A14 8.00 6.55 3.75 A16 6.00 2.60 2.30 A19 8.00 6.55 A26 8.00 6.55 3.75 A35 12.00 5.95 4.50 A43 6.00 2.60 2.30 A44 12.00 5.95 4.50 A48 8.00 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: BUCLAD 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 12.30 4.10 3.00 A2 6.75 2.25 2.00 A3 6.00 2.60 A6 15.45 5.15 2.50 A11 19.65 6.55 3.75 Export A14 25.00 7.90 7.00 Local A14 19.65 6.55 3.75 A16 7.80 2.60 2.30 A19 19.65 6.55 A26 19.65 6.55 3.75 A35 17.85 5.95 4.50 A43 7.80 2.60 2.30 A44 17.85 5.95 4.50 A48 19.65 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: CABAYWA 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 12.30 4.10 3.00 A2 6.75 2.25 2.00 A3 6.00 2.60 A6 15.45 5.15 2.50 A11 19.65 6.55 3.75 Export A14 25.00 7.90 7.00 Local A14 19.65 6.55 3.75 A16 7.80 2.60 2.30 A19 19.65 6.55 A26 19.65 6.55 3.75 A35 17.85 5.95 4.50 A43 7.80 2.60 2.30 A44 17.85 5.95 4.50 A48 19.65 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: CAMANSA 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 8.00 4.10 3.00 A2 6.00 2.25 2.00 A3 6.00 2.60 A6 9.00 5.15 2.50 A11 8.00 6.55 3.75 Export A14 9.00 7.90 7.00 Local A14 8.00 6.55 3.75 A16 6.00 2.60 2.30 A19 8.00 6.55 A26 8.00 6.55 3.75 A35 12.00 5.95 4.50 A43 6.00 2.60 2.30 A44 12.00 5.95 4.50 A48 8.00 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: CAMBANOGOY 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 12.30 4.10 3.00 A2 6.75 2.25 2.00 A3 7.80 2.60 A6 15.45 5.15 2.50 A11 19.65 6.55 3.75 Export A14 23.70 7.90 7.00 Local A14 19.65 6.55 3.75 A16 7.80 2.60 2.30 A19 19.65 6.55 A26 19.65 6.55 3.75 A35 17.85 5.95 4.50 A43 7.80 2.60 2.30 A44 17.85 5.95 4.50 A48 19.65 6.55 3.75 A50 7.80 2.00 1.25 BARANGAY: CAMONING 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 14.00 4.10 3.00 A2 10.00 2.25 2.00 A3 8.00 2.60 A6 17.00 5.15 2.50 A11 12.00 6.55 3.75 Export A14 16.00 7.90 7.00 Local A14 12.00 2.60 3.75 A16 12.00 2.60 2.30 A19 12.00 6.55 A26 12.00 6.55 3.75 A35 20.00 5.95 4.50 A43 12.00 2.60 2.30 A44 20.00 5.95 4.50 A48 12.00 6.55 3.75 A50 8.00 2.00 1.25 BARANGAY: CANATAN 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 14.00 4.10 3.00 A2 10.00 2.25 2.00 A3 8.00 2.60 A6 17.00 5.15 2.50 A11 12.00 6.55 3.75 Export A14 16.00 7.90 7.00 Local A14 12.00 6.55 3.75 A16 12.00 2.60 2.30 A19 12.00 6.55 A26 12.00 6.55 3.75 A35 20.00 5.95 4.50 A43 12.00 2.60 2.30 A44 20.00 5.95 4.50 A48 12.00 6.55 3.75 A50 8.00 2.00 1.25 BARANGAY: CONCEPCION 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 11.00 4.10 3.00 A2 9.00 2.25 2.00 A3 9.00 2.60 A6 14.00 5.15 2.50 A11 10.00 6.55 3.75 Export A14 12.00 7.90 7.00 Local A14 10.00 6.55 3.75 A16 9.00 2.60 2.30 A19 10.00 6.55 A26 10.00 6.55 3.75 A35 16.00 5.95 4.50 A43 9.00 2.60 2.30 A44 16.00 5.95 4.50 A48 10.00 6.55 3.75 A50 9.00 2.00 1.25 BARANGAY: DONA ANDREA 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 14.00 4.10 3.00 A2 10.00 2.25 2.00 A3 12.00 2.60 A6 17.00 5.15 2.50 A11 12.00 6.55 3.75 Export A14 16.00 7.90 7.00 Local A14 12.00 6.55 3.75 A16 12.00 2.60 2.30 A19 12.00 6.55 A26 12.00 6.55 3.75 A35 20.00 5.95 4.50 A43 12.00 2.60 2.30 A44 20.00 5.95 4.50 A48 12.00 6.55 3.75 A50 12.00 2.00 1.25 BARANGAY: IGANGON 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 11.00 4.10 3.00 A2 9.00 2.25 2.00 A3 9.00 2.60 A6 14.00 5.15 2.50 A11 10.00 6.55 3.75 Export A14 12.00 7.90 7.00 Local A14 10.00 6.55 3.75 A16 9.00 2.60 2.30 A19 10.00 6.55 A26 10.00 6.55 3.75 A35 16.00 5.95 4.50 A43 9.00 2.60 2.30 A44 16.00 5.95 4.50 A48 10.00 6.55 3.75 A50 7.00 2.00 1.25 BARANGAY: KIPALILI 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 11.00 4.10 3.00 A2 9.00 2.25 2.00 A3 9.00 2.60 A6 14.00 5.15 2.50 A11 10.00 6.55 3.75 Export A14 12.00 7.90 7.00 Local A14 10.00 6.55 3.75 A16 9.00 2.60 2.30 A19 10.00 6.55 A26 10.00 6.55 3.75 A35 16.00 5.95 4.50 A43 9.00 2.60 2.30 A44 16.00 5.95 4.50 A48 10.00 6.55 3.75 A50 7.00 2.00 1.25 BARANGAY: MAGATOS 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 14.00 4.10 3.00 A2 10.00 2.25 2.00 A3 12.00 2.60 A6 17.00 5.15 2.50 A11 12.00 6.55 3.75 Export A14 16.00 7.90 7.00 Local A14 12.00 6.55 3.75 A16 12.00 2.60 2.30 A19 12.00 6.55 A26 12.00 6.55 3.75 A35 20.00 5.95 4.50 A43 12.00 2.60 2.30 A44 20.00 5.95 4.50 A48 12.00 6.55 3.75 A50 8.00 2.00 1.25 BARANGAY: MAMANGAN 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 8.00 4.10 3.00 A2 6.00 2.25 2.00 A3 6.00 2.60 A6 9.00 5.15 2.50 A11 8.00 6.55 3.75 Export A14 9.00 7.90 7.00 Local A14 8.00 6.55 3.75 A16 6.00 2.60 2.30 A19 8.00 6.55 A26 8.00 6.55 3.75 A35 12.00 5.95 4.50 A43 6.00 2.60 2.30 A44 12.00 5.95 4.50 A48 8.00 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: NAPUNGAS 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 8.00 4.10 3.00 A2 6.00 2.25 2.00 A3 6.00 2.60 A6 9.00 5.15 2.50 A11 8.00 6.55 3.75 Export A14 9.00 7.90 7.00 Local A14 8.00 6.55 3.75 A16 6.00 2.60 2.30 A19 8.00 6.55 A26 8.00 6.55 3.75 A35 12.00 5.95 4.50 A43 6.00 2.60 2.30 A44 12.00 5.95 4.50 A48 8.00 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: NEW BANTAYAN 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 14.00 4.10 3.00 A2 10.00 2.25 2.00 A3 12.00 2.60 A6 17.00 5.15 2.50 A11 12.00 6.55 3.75 Export A14 16.00 7.90 7.00 Local A14 12.00 6.55 3.75 A16 12.00 2.60 2.30 A19 12.00 6.55 A26 12.00 6.55 3.75 A35 20.00 5.95 4.50 A43 12.00 2.60 2.30 A44 20.00 5.95 4.50 A48 12.00 6.55 3.75 A50 8.00 2.00 1.25 BARANGAY: NEW LOON 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 8.00 4.10 3.00 A2 6.00 2.25 2.00 A3 6.00 2.60 A6 9.00 5.15 2.50 A11 8.00 6.55 3.75 Export A14 9.00 7.90 7.00 Local A14 8.00 6.55 3.75 A16 6.00 2.60 2.30 A19 8.00 6.55 A26 8.00 6.55 3.75 A35 12.00 5.95 4.50 A43 6.00 2.60 2.30 A44 12.00 5.95 4.50 A48 8.00 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: NEW SANTIAGO 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 11.00 4.10 3.00 A2 9.00 2.25 2.00 A3 9.00 2.60 A6 14.00 5.15 2.50 A11 10.00 6.55 3.75 Export A14 12.00 7.90 7.00 Local A14 10.00 6.55 3.75 A16 9.00 2.60 2.30 A19 10.00 6.55 A26 10.00 6.55 3.75 A35 16.00 5.95 4.50 A43 9.00 2.60 2.30 A44 16.00 5.95 4.50 A48 10.00 6.55 3.75 A50 7.00 2.00 1.25 BARANGAY: PAMACUAN 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 11.00 4.10 3.00 A2 9.00 2.25 2.00 A3 9.00 2.60 A6 14.00 5.15 2.50 A11 10.00 6.55 3.75 Export A14 12.00 7.90 7.00 Local A14 10.00 6.55 3.75 A16 9.00 2.60 2.30 A19 10.00 6.55 A26 10.00 6.55 3.75 A35 16.00 5.95 4.50 A43 9.00 2.60 2.30 A44 16.00 5.95 4.50 A48 10.00 6.55 3.75 A50 7.00 2.00 1.25 BARANGAY: SABANGAN 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 8.00 4.10 3.00 A2 6.00 2.25 2.00 A3 6.00 2.60 A6 9.00 5.15 2.50 A11 8.00 6.55 3.75 Export A14 9.00 7.90 7.00 Local A14 8.00 6.55 3.75 A16 6.00 2.60 2.30 A19 8.00 6.55 A26 8.00 6.55 3.75 A35 12.00 5.95 4.50 A43 6.00 2.60 2.30 A44 12.00 5.95 4.50 A48 8.00 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: SAGAYEN 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 11.00 4.10 3.00 A2 9.00 2.25 2.00 A3 9.00 2.60 A6 14.00 5.15 2.50 A11 10.00 6.55 3.75 Export A14 12.00 7.90 7.00 Local A14 10.00 6.55 3.75 A16 9.00 2.60 2.30 A19 10.00 6.55 A26 10.00 6.55 3.75 A35 16.00 5.95 4.50 A43 9.00 2.60 2.30 A44 16.00 5.95 4.50 A48 10.00 6.55 3.75 A50 7.00 2.00 1.25 BARANGAY: SAN VICENTE 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 14.00 4.10 3.00 A2 10.00 2.25 2.00 A3 12.00 2.60 A6 17.00 5.15 2.50 A11 12.00 6.55 3.75 Export A14 16.00 7.90 7.00 Local A14 12.00 6.55 3.75 A16 12.00 2.60 2.30 A19 12.00 6.55 A26 12.00 6.55 3.75 A35 20.00 5.95 4.50 A43 12.00 2.60 2.30 A44 20.00 5.95 4.50 A48 12.00 6.55 3.75 A50 8.00 2.00 1.25 BARANGAY: SAWATA 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 8.00 4.10 3.00 A2 6.00 2.25 2.00 A3 6.00 2.60 A6 9.00 5.15 2.50 A11 8.00 6.55 3.75 Export A14 9.00 7.90 7.00 Local A14 8.00 6.55 3.75 A16 6.00 2.60 2.30 A19 8.00 6.55 A26 8.00 6.55 3.75 A35 12.00 5.95 4.50 A43 6.00 2.60 2.30 A44 12.00 5.95 4.50 A48 8.00 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: SONLON 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 8.00 4.10 3.00 A2 6.00 2.25 2.00 A3 6.00 2.60 A6 9.00 5.15 2.50 A11 8.00 6.55 3.75 Export A14 9.00 7.90 7.00 Local A14 8.00 6.55 3.75 A16 6.00 2.60 2.30 A19 8.00 6.55 A26 8.00 6.55 3.75 A35 12.00 5.95 4.50 A43 6.00 2.60 2.30 A44 12.00 5.95 4.50 A48 8.00 6.55 3.75 A50 6.00 2.00 1.25 BARANGAY: SANTA FILOMENA 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 14.00 4.10 3.00 A2 10.00 2.25 2.00 A3 12.00 2.60 A6 17.00 5.15 2.50 A11 12.00 6.55 3.75 Export A14 16.00 7.90 7.00 Local A14 12.00 6.55 3.75 A16 12.00 2.60 2.30 A19 12.00 6.55 A26 12.00 6.55 3.75 A35 20.00 5.95 4.50 A43 12.00 2.60 2.30 A44 20.00 5.95 4.50 A48 12.00 6.55 3.75 A50 8.00 2.00 1.25 BARANGAY: SANTO NINO 2ND REV. IST REV. INITIAL STREET/SUBDIVISION VICINITY CLASSIFICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ALL LOTS A1 8.00 4.10 3.00 A2 6.00 2.25 2.00 A3 6.00 2.60 A6 9.00 5.15 2.50 A11 8.00 6.55 3.75 Export A14 9.00 7.90 7.00 Local A14 8.00 6.55 3.75 A16 6.00 2.60 2.30 A19 8.00 6.55 A26 8.00 6.55 3.75 A35 12.00 5.95 4.50 A43 6.00 2.60 2.30 A44 12.00 5.95 4.50 A48 8.00 6.55 3.75 A50 6.00 2.00 1.25 CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO NO. 112 TAGUM, DAVAO DEL NORTE 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 ADJACENT 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; i.e. ZONAL VALUE/GROSS SELLING PRICE/FAIR MARKET VALUE PER LATEST TAX DECLARATION WHICHEVER IS HIGHER AND, IN THE ABSENCE OF ZONAL VALUATION, PROPERTY SHALL BE VALUED PURSUANT TO RAMO 2-91 THE GROUND FLOOR OF A RESIDENTIAL CONDOMINIUM SHALL BE CLASSIFIED AS COMMERCIAL AND TWENTY PERCENT (20%) OF THE ESTABLISHED VALUE SHALL BE ADDED THERETO. 4. AREAS 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 (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. SECOND SALE OF LOT IDENTIFIED AS LOCATED IN THE APD SHALL NO LONGER BE VALUED AS AN APD AND SHALL BE TREATED AS AN ORDINARY REAL PROPERTY. 5. 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 (i.e. CAPITAL GAINS, CREDITABLE WITHHOLDING, ESTATE, DONOR'S AND DOCUMENTARY STAMP TAXES) DUE ON SALES, EXCHANGES, OR OTHER DISPOSITIONS OF REAL PROPERTY. PROVIDED, THAT THE SAME IS HIGHER THAN (1.) THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL AND CITY ASSESSORS (I.E. LATEST TAX DECLARATION) AND (2.) THE GROSS SELLING PRICE AS SHOWN IN THE DULY NOTARIZED DOCUMENT OF SALE OR EXCHANGE AT THE TIME OF SALE OR EXCHANGE. PROVIDED, HOWEVER, THAT THE VALUE OF THE PROPERTY TO BE USED IN COMPUTING ESTATE AND DONOR'S 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.