Definition of Terms and Classification of Legend

October 17, 1991 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 25 MALOLOS, BULACAN 1991 ZONAL VALUES OF REAL PROPERTIES IN MUNICIPALITIES OF BOCAUE, MARILAO, MEYCAUAYAN, SAN JOSE DEL MONTE AND STA. MARIA, PROVINCE OF BULACAN UNDER REVENUE DISTRICT NO. 25, MALOLOS, BULACAN, (renumbered as of November 30, 1994) FOR INTERNAL REVENUE TAX PURPOSES (5 MUNICIPALITIES) 1. PUBLIC HEARING February 28, 1991 (initial) (1st revision) October 4, 1993 2. DEPARTMENT ORDER NO. 134-91 October 17, 1991 (initial) DEPARTMENT ORDER NO. 84-94 February 7, 1994 (1st revision) IMPLEMENTING THE REVISED ZONAL VALUES OF REAL PROPERTIES IN THE REVENUE DISTRICT NO. 25, MALOLOS, BULACAN, UNDER THE MUNICIPALITIES OF BOCAUE, MARILAO, MEYCAUAYAN, SAN JOSE DEL MONTE, STA. MARIA, PROVINCE OF BULACAN 3. PUBLICATION IN THE GENERAL CIRCULATION (MANILA TIMES) July 15, 1992 (initial) PUBLICATION IN THE GENERAL CIRCULATION(TODAY) September 12, 1994 (1st revision) 4. EFFECTIVITY DATE 15 DAYS AFTER DATE OF CIRCULATION OF A NEWSPAPER July 31, 1992 (initial) 5. EFFECTIVITY DATE September 28, 1994 (1st revision) ON REAL PROPERTY VALUATION FOR RDO 25, MALOLOS, BULACAN, CREATED UNDER DEPARTMENT OF FINANCE ORDER NO. 12-89 DATED FEBRUARY 27, 1989 SUB-TECHNICAL COMMITTEE RENATO L. MANALILI CHAIRMAN (RDO, RD#21-VALENZUELA) ISIDRO S. MAURICIO MEMBER (MUNICIPAL ASSESSOR - BOCAUE) CRISANTA P. ABARIENTOS MEMBER (REPRESENTATIVE, PRIVATE SECTOR - BOCAUE) FERNANDO GARCIA MEMBER (MUNICIPAL ASSESSOR - MARILAO) GREGORIO ESPIRITU MEMBER (REPRESENTATIVE, PRIVATE SECTOR-MARILAO) CELSO MENDOZA MEMBER (MUNICIPAL ASSESSOR - MEYCAUAYAN) JUSTIANO D. GUZMAN MEMBER (REPRESENTATIVE, PRIVATE SECTOR - MEYCAUAYAN) LINA AGUIRRE MEMBER (DEPUTY PROV'L & MUNICIPAL ASSESSOR - SAN JOSE DEL MONTE) LEONILA PROTACIO MEMBER (REPRESENTATIVE, PRIVATE SECTOR - SAN JOSE DEL MONTE) MARINO R. LIZASO III MEMBER (MUNICIPAL ASSESSOR - STA. MARIA) MARIO M. LUALHATI MEMBER (REPRESENTATIVE, PRIVATE SECTOR - STA. MARIA) 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. VICINITY MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT ABOUT NEAR, ADJACENT, PROXIMATE OR CONTIGUOUS TO A STREET BEING LOCATED. CLASSIFICATION LEGEND: RR RESIDENTIAL REGULAR A AGRICULTURAL LAND RC RESIDENTIAL CONDOMINIUM A1 RICELAND CC COMMERCIAL CONDOMINIUM A2 FISHPOND CR COMMERCIAL REGULAR A3 PIGGERY & POULTRY I INDUSTRIAL A4 ALL OTHERS X INSTITUTIONAL APD AREA FOR PRIORITY DEVELOPMENT GL GOVERNMENT LAND GP GENERAL PURPOSE CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR THE MUNICIPALITIES OF BOCAUE, MARILAO, MEYCAUAYAN, SAN JOSE DEL MONTE & STA. MARIA, ALL OF THE PROVINCE OF BULACAN UNDER RDO NO. 25, MALOLOS, BULACAN 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 barangay is divided into two or more barangays, the zonal values prescribed for the existing barangay shall be used for the newly created. 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 (HLRB). 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 assessor. 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 the Municipalities of Bocaue, Marilao, Meycauayan, San Jose del Monte and Sta. Maria, Province of Bulacan, classified as capital assets, including pacto de retro sales and other forms of conditional sales, by individuals, estates and trusts, shall be taxed 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 (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 and city assessors, whichever is higher.