Definition of Terms and Classification Legend

January 8, 1993 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 51 PASAY CITY (renumbered as of November 30, 1994) 1992 ZONAL VALUES OF REAL PROPERTIES IN PASAY CITY UNDER REVENUE DISTRICT NO. 51 (renumbered as of November 30, 1994) FOR INTERNAL REVENUE TAX PURPOSES (177 BARANGAYS) 1. APPROVAL BY THE TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION January 8, 1993 2. PUBLIC HEARING November 26, 1992 3. APPROVAL BY THE EXECUTIVE COMMITTEE January 8, 1993 4. DEPARTMENT ORDER NO. 19-93 January 8, 1993 IMPLEMENTING THE REVISED ZONAL VALUES OF REAL PROPERTIES LOCATED IN REVENUE DISTRICT NO. 33 PASAY CITY. 5. PUBLICATION IN THE GENERAL CIRCULATION (MALAYA) May 14, 1993 6. EFFECTIVITY DATE 15 DAYS AFTER THE DATE OF CIRCULATION OF A NEWSPAPER May 30, 1993 THE SECRETARIAT, TCRPV REAL PROPERTY VALUATION UNDER MINISTRY ORDER NO. 21-86 (AS AMENDED BY DEPARTMENT ORDER 13-89) (AS FURTHER AMENDED BY DEPARTMENT ORDER 11-92) EXECUTIVE COMMITTEE CHAIRMAN HON. JOSE U. ONG COMMISSIONER OF INTERNAL REVENUE BUREAU OF INTERNAL REVENUE MEMBERS ATTY. EUFRACIO D. SANTOS DEPUTY COMMISSIONER BUREAU OF INTERNAL REVENUE ASSISTANT COMMISSIONER (ASSESSMENT SERVICE) CHAIRMAN, TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION MS. LORINDA M. CARLOS EXECUTIVE DIRECTOR BUREAU OF LOCAL GOVERNMENT FINANCE DEPARTMENT OF FINANCE MR. VICENTE G. QUINTOS EXECUTIVE DIRECTOR NATIONAL TAX RESEARCH CENTER MR. QUIRINO B. BATERNA REPRESENTATIVE INSTITUTE OF PHIL. REAL ESTATE APPRAISERS (IPREA) MR. RAMON P. TIOSECO REPRESENTATIVE PHIL. ASSOCIATION OF REALTORS BOARD (PAREB) CONSULTANTS MR. ERNESTO C. MENDIOLA COMMISSIONER, HOUSING AND LAND USE REGULATORY BOARD (HLURB) MR. JOSE G. SOLIS ADMINISTRATOR, NATIONAL MAPPING & RESOURCE INFORMATION AUTHORITY (NAMRIA) MR. TEODORO G. BONIFACIO ADMINISTRATOR LAND REGISTRATION AUTHORITY (LRA) MR. ROBERT ANTHONY P. BALAO GENERAL MANAGER NATIONAL HOUSING AUTHORITY (NHA) REAL PROPERTY VALUATION UNDER MINISTRY ORDER NO. 20-86 (AS AMENDED BY DEPARTMENT ORDER 12-89) (AS FURTHER AMENDED BY DEPARTMENT ORDER 10-92) TECHNICAL COMMITTEE CHAIRMAN ASSISTANT COMMISSIONER NATIONAL ASSESSMENT OFFICE BUREAU OF INTERNAL REVENUE MEMBERS ATTY. EULOGIO H. NATIVIDAD CHIEF, ASSESSMENT PERFORMANCE CONTROL DIVISION BUREAU OF INTERNAL REVENUE (PRESIDING OFFICER) ENGR. SANTIAGO F. SOTELO CHIEF, REAL PROPERTY ASSESSMENT EXAMINATION DIVISION DEPARTMENT OF FINANCE MS. ERLINDA AGUJA CHIEF, DIRECT TAXES DIVISION NATIONAL TAX RESEARCH CENTER MR. FELIPE M. BUENCAMINO REPRESENTATIVE PHIL. ASSOCIATION OF REALTORS BOARD (PAREB) MR. VICTOR T. SALINAS REPRESENTATIVE INSTITUTE OF PHIL. REAL ESTATE APPRAISERS (IPREA) AND CHAMBER OF REAL ESTATE BROKERS ASSOCIATION (CREBA) CONSULTANTS ATTY. ALICIA TOMACRUZ CHIEF, LEGISLATIVE RULING & RESEARCH DIVISION BUREAU OF INTERNAL REVENUE CHIEF, TAX CREDIT/REFUND DIVISION BUREAU OF INTERNAL REVENUE ATTY. ERLINDA O. MATIC CHIEF, NATIONAL AUDIT REVIEW DIVISION BUREAU OF INTERNAL REVENUE MS. BELEN G. CENIZA PROGRAM COORDINATOR HOUSING & LAND USE REGULATORY BOARD (HLRB) COL. JOHN TAYAMEN CHIEF, PHOTOGRAPHMETRY DIVISION NATIONAL MAPPING & RESOURCE INFORMATION AGENCY (NAMRIA) ATTY. JOSE VILLANEA DEPARTMENT MANAGER NATIONAL HOUSING AUTHORITY (NHA) REPRESENTATIVE LAND REGISTRATION AUTHORITY (LRA) SECRETARIAT ASSESSMENT PERFORMANCE CONTROL DIVISION ASSESSMENT SERVICE BUREAU OF INTERNAL REVENUE S T A F F: MS. LUCINA F. GALERA ASSISTANT DIVISION CHIEF ATTY. ESPERANZA B. TEE SECTION CHIEF MS. EDNA C. LUNA REVENUE OFFICER MS. R. ROSEMARIE E. MERCADO REVENUE OFFICER MR. ALFREDO N. VALEROS REVENUE OFFICER ON REAL PROPERTY VALUATION FOR RDO 51, PASAY CITY CREATED UNDER DEPARTMENT OF FINANCE ORDER NO. 12-89 AS AMENDED BY DEPARTMENT ORDER NO. 10-92 DATED FEBRUARY 27, 1989 SUB-TECHNICAL COMMITTEE FRANCIS R. GUZMAN CHAIRMAN (RDO, PASAY CITY) ARMANDO F. MANAHAN MEMBER FERNANDO M. FANDANO (PASAY CITY ASSESSOR) ENCARNACION DE JESUS MEMBER FELIPE BUENCAMINO (PRIVATE SECTOR-PAREB) ANSELMO S. MOJICA CONSULTANT (ASST. RDO, PASAY CITY) 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 RAISING OF CROP SUCH AS RICE, CORN, SUGARCANE, TOBACCO, ETC. OR TO PASTURING. AGRICULTURAL 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 CC COMMERCIAL CONDOMINIUM RC RESIDENTIAL CONDOMINIUM I INDUSTRIAL CR COMMERCIAL REGULAR X INSTITUTIONAL A AGRICULTURAL LAND GL GOVERNMENT LAND APD AREA FOR PRIORITY DEVELOPMENT GP GENERAL PURPOSE CCT CONDOMINIUM CERTIFICATE OF TITLE NOTE: Revenue District No. 33, Pasay City is composed of twenty (20) zones and two hundred barangays. Only eighteen (18) zones and their respective barangays were given zonal values. Zone 19 covering barangays 178 thru 191 is bounded by creek on the north, creek (Paraaque boundary) on the west, Andrew Avenue on the south and Makati boundary on the east. The barangays within zone 19 are within the exclusive Government Land (GL), among others are the Airmen's Village, the LRT terminal and depot and other government buildings. Zone 20 covering barangays 192 thru 200 is bounded by MIA road on the north, creek (Paraaque boundary) on the south, and old MIA road on the east. The barangays within zone 20 are within the exclusive Government Property (GP), among others are the Nayong Pilipino, CAA Housing Projects, PAL Passenger Terminal and other government buildings. CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO NO. 51, PASAY 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 cdtai 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. 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 (HLURB). 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. cdtai 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.