Definition of Terms and Classification of Legend

August 26, 1996 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 115 DIGOS, DAVAO DEL SUR ZONAL VALUES OF REAL PROPERTIES IN DIGOS, DAVAO DEL SUR UNDER REVENUE DISTRICT NO. 115 FOR INTERNAL REVENUE TAX PURPOSES (15 MUNICIPALITIES) 1. APPROVAL BY THE TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION AUGUST 26, 1996 2. PUBLIC HEARING NOVEMBER 13, 1995 3. APPROVAL BY THE EXECUTIVE COMMITTEE ON REAL PROPERTY VALUATION AUGUST 26, 1996 4. DEPARTMENT ORDER NO. 91-96 AUGUST 26, 1996 IMPLEMENTING THE REVISED ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF BANSALAN, DIGOS, DON MARCELINO, HAGONOY, JOSE ABAD SANTOS, KIBLAWAN, MAGSAYSAY, MALALAG, MALITA, MATANAO, PADADA, SARANGANI, STA. MARIA, STA. CRUZ, AND SULOP UNDER THE JURISDICTION OF REVENUE DISTRICT NO. 115 DIGOS, DAVAO DEL SUR. 5. PUBLICATION IN THE GENERAL CIRCULATION 6. EFFECTIVITY DATE 15 DAYS AFTER DATE OF CIRCULATION OF A NEWSPAPER SUB-TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION FOR RDO 91 DIGOS , DAVAO DEL SUR CREATED UNDER DEPARTMENT OF FINANCE ORDER NO. 12-89 DATED FEBRUARY 27, 1989 RDO LEONARDO O. SACAMOS CHAIRMAN (RD #91 - DIGOS, DAVAO DEL SUR) ARTURO G. BIDAN MEMBER (PROVINCIAL ASSESSOR - RETIRED) FLORENTINO L. LADORES, JR. MEMBER (OIC-PROVINCIAL ASSESSOR) CARLOS D. DEMAPE MEMBER (PRIVATE SECTOR) DEFINITION OF TERMS RESIDENTIAL LAND/BUILDING PRINCIPALLY DEVOTED TO HABITATION. COMMERCIAL LAND/BUILDING DEVOTED PRINCIPALLY TO COMMERCIAL PURPOSES AND GENERALLY FOR THE OBJECT OF PROFIT. INDUSTRIAL DEVOTED PRINCIPALLY TO INDUSTRY AS CAPITAL. AGRICULTURAL DEVOTED PRINCIPALLY TO RAISING OF CROP SUCH AS RICE, CORN, SUGARCANE, TOBACCO, ETC. OR TO PASTURING, DAIRYING, INLAND FISHING, SALT MAKING AND OTHER AGRICULTURAL USES INCLUDING TIMBERLAND AND FOREST LAND. GENERAL PURPOSE RAWLAND, UNDEVELOPED AND UNDERDEVELOPED AREA WHICH HAS POTENTIAL FOR DEVELOPMENT INTO RESIDENTIAL, COMMERCIAL, INDUSTRIAL, INSTITUTIONAL, ETC. MUST NOT BE LESS THAN 5,000 SQUARE METERS. VICINITY MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A STREET BEING LOCATED. CLASSIFICATION LEGEND RR RESIDENTIAL REGULAR A1 RICELAND (IRRIGATED) A2 RICELAND (UNIRRIGATED) RC RESIDENTIAL CONDOMINIUM A3 RICELAND (UPLAND) A4 CORN/SORGHUM CR COMMERCIAL REGULAR A5 COCOLAND A6 SUGARLAND CC COMMERCIAL CONDOMINIUM A7 BANANA (LOCAL) A8 BANANA (EXPORT) I INDUSTRIAL A9 FISHPOND A10 NIPA X INSTITUTIONAL A11 BAMBOO A12 COFFEE/CACAO APD AREA FOR PRIORITY A13 IPIL-IPIL DEVELOPMENT A14 DURIAN A15 MANGO (CEBU/CARABAO) GL GOVERNMENT LAND A16 RAMBUTAN A17 GRAPES GP GENERAL PURPOSE A18 (W/FRUIT BEARING TREES) A19 RUBBER SDV SUBDIVIDED A20 OTHERS DEVELOPED VILLAGE A21 GEMELINA #1 Cemented or Asphalted road, culvert drainage, etc. #2 Asphalted road, open drainage, etc. not a low-cost housing #3 Low Cost Housing - registered as such under Gov't Regulatory Office CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RD NO. 91 DIGOS, DAVAO DEL SUR 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 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. 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 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.