Definition of Terms and Classification Legend

1987 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 28 Formerly RDO No. 30 North, Quezon City) IMPLEMENTATION OF THE ZONAL VALUES OF REAL PROPERTIES IN QUEZON CITY, (RDO NOS. 30 AND 30A NORTH AND SOUTH QUEZON CITY, RESPECTIVELY FOR INTERNAL REVENUE TAX PURPOSES 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. Vicinity Means an Area, Locality, Neighborhood or District About, Near, Adjacent, Proximate, or Contiguous to a Street Being Located. CLASSIFICATION LEGEND: RR Residential Regular RC Residential Condominium CR Commercial Regular CC Commercial Condominium A Agricultural I Industrial X Institutional Certain Guidelines in the Implementation of Zonal Valuation of Real Properties for RDO No. 28 Novaliches (Formerly RDO No. 30 North, Quezon City) 1. No previous sale of property of a particular classification. Where in the approved listing of zonal values, no zonal value has been prescribed for a particular other classification of real property, 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. No previous sale of property in a particular street(s) within the same barangay. Where a street in any barangay does not appear in the list of streets with approved zonal land values, the approved zonal values of lands with the same classification in the other streets within the same vicinity in the barangay shall apply.