Definition of Terms and Classification Legend

June 21, 2010 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 54B BACOOR, NORTH CAVITE (2ND REVISION) ZONAL VALUES OF REAL PROPERTIES IN THE CITY OF CAVITE UNDER RDO NO. 54B-BACOOR, NORTH CAVITE (FORMERLY PART OF RDO NO. 54-TRECE MARTIREZ CITY) (2ND REVISION) TABLE OF CONTENTS THE EXECUTIVE COMMITTEE THE TECHNICAL COMMITTEE & THE CONSULTANTS THE SECRETARIAT THE SUB-TECHNICAL COMMITTEE & THE REPRESENTATIVE OF PRIVATE SECTORS & THE MUNICIPAL ASSESSORS CLASSIFICATION LEGEND CAVITE CITY BARANGAY 1 (HEN. M. ALVAREZ) BARANGAY 2 (C. TIRONA) BARANGAY 3 (HEN. E. AGUINALDO) BARANGAY 4 (HEN. M. TRIAS) BARANGAY 5 (HEN. E. EVANGELISTA) BARANGAY 6 (DIEGO SILANG) BARANGAY 7 (KAPITAN KONG) BARANGAY 8 (MANUEL S. ROJAS) BARANGAY 9 (KANAWAY) BARANGAY 10 (KINGFISHER) BARANGAY 10-A (KINGFISHER) BARANGAY 10-B (KINGFISHER) BARANGAY 11 (LAWIN) BARANGAY 12 (LOVE BIRD) BARANGAY 13 (AGUILA) BARANGAY 14 (LORO) BARANGAY 15 (KILYAWAN) BARANGAY 16 (MARTINES) BARANGAY 17 (KALAPATI) BARANGAY 18 (MAYA) BARANGAY 19 (GEMINI) BARANGAY 20 (VIRGO) BARANGAY 21 (SCORPIO) BARANGAY 22 (LEO) BARANGAY 22-A (LEO) BARANGAY 23 (AQUARIUS) BARANGAY 24 (LIBRA) BARANGAY 25 (CAPRICORN) BARANGAY 26 (CANCER) BARANGAY 27 (SAGITARIUS) BARANGAY 28 (TAURUS) BARANGAY 29 (LAO LAO) BARANGAY 29-A (LAO LAO) BARANGAY 30 (BID-BID) BARANGAY 31 (MAYA-MAYA) BARANGAY 32 (SALAY-SALAY) BARANGAY 33 (BUWAN-BUWAN) BARANGAY 34 (LAPU-LAPU) BARANGAY 35 (HASA-HASA) BARANGAY 36 (SAP-SAP) BARANGAY 36-A (SAP-SAP) BARANGAY 37 (CADENA DE AMOR) BARANGAY 37-A (CADENA DE AMOR) BARANGAY 38 (SAMPAGUITA) BARANGAY 38-A (SAMPAGUITA) BARANGAY 39 (JASMIN) BARANGAY 40 (GUMAMELA) BARANGAY 41 (ROSAL) BARANGAY 42 (PINAGBUKLOD) BARANGAY 42-A (PINAGBUKLOD) BARANGAY 42-B (PINAGBUKLOD) BARANGAY 42-C (PINAGBUKLOD) BARANGAY 43 (PINAGPALA) BARANGAY 44 (MALIGAYA) BARANGAY 45 (KAUNLARAN) BARANGAY 45-A (KAUNLARAN) BARANGAY 46 (SINAGTALA) BARANGAY 47 (PAGKAKAISA) BARANGAY 47-A (PAGKAKAISA) BARANGAY 47-B (PAGKAKAISA) BARANGAY 48 (NARRA) BARANGAY 48-A (NARRA) BARANGAY 49 (AKASYA) BARANGAY 49-A (AKASYA) BARANGAY 50 (KABALYERO) BARANGAY 51 (KAMAGONG) BARANGAY 52 (IPIL) BARANGAY 53 (YAKAL) BARANGAY 53-A (YAKAL) BARANGAY 53-B (YAKAL) BARANGAY 54 (PECHAY) BARANGAY 54-A (PECHAY) BARANGAY 55 (AMPALAYA) BARANGAY 56 (LABANOS) BARANGAY 57 (REPOLYO) BARANGAY 58 (PATOLA) BARANGAY 58-A (PATOLA) BARANGAY 59 (SITAW) BARANGAY 60 (LETSUGAS) BARANGAY 61 (TALONG) BARANGAY 61-A (TALONG) BARANGAY 62 (KANGKONG) BARANGAY 62-A (KANGKONG) BARANGAY 62-B (KANGKONG) CERTAIN GUIDELINES EXECUTIVE COMMITTEE ON REAL PROPERTY VALUATION UNDER MINISTRY ORDER NO. 21-86 (AS AMENDED BY DEPARTMENT ORDER NOS. 13-89, 11-92 & 35-04) Chairman : Joel L. Tan-Torres Commissioner of Internal Revenue Members : Nelson M. Aspe Deputy Commissioner of Internal Revenue, Operations Group Erlinda A. Simple Assistant Commissioner of Internal Revenue (ACIR), Assessment Service Chairman, Technical Committee on Real Property Valuation Maria Presentacion R. Montesa Executive Director, Bureau of Local Government Finance (BLGF) Dante V. Sy Executive Director, National Tax Research Center (NTRC) Javier P. Bondoc Representative, Institute of Philippine Real Estate Appraisers Geronimo J. Manzano Representative, Philippine Association of Realtors Board Consultants : Commissioner, Housing and Land Use Regulatory Board (HLURB) Administrator, National Mapping and Resource Information Authority (NMRIA) Administrator, Land Registration Authority (LRA) General Manager, National Housing Authority (NHA) TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION UNDER MINISTRY ORDER NO. 20-86 (AS AMENDED BY DEPARTMENT ORDER NOS. 12-89, 10-92 & 35-04) Chairman : Erlinda A. Simple ACIR, Assessment Service Members : Victor T. Salinas Representative, Philippine Association of Realty Appraisers Filemon N. Saromo Representative, Society of Philippine Review Appraisers Mercy N. Santos Chief, Real Property Assessment Examination Division, BLGF Emelita A. Tena Chief, Special Research & Technical Service, NTRC Consultants : Marissa O. Cabreros Assistant Commissioner of Internal Revenue Legal Service Romulo Q. Fabul Commissioner, HLURB Ofelia T. Castro Chief, Photographmetry Division, NMRIA Federico A. Lacsa General Manager, NHA Benedicto B. Ulep Administrator, LRA Secretariat : Iluminada V. Lucio OIC-Chief, Asset Valuation Division (AVD) Bureau of Internal Revenue (BIR) Florydette A. Cuales Assistant Chief, AVD, BIR Staff : Shirley U. Rozal Section Chief, Asset Valuation & Appraisal Section, AVD, BIR Ma. Iluminada D. Castro Revenue Officer II, AVD, BIR Violeta C. Duarte Management Analyst I, AVD, BIR Ma. Fe P. Teves Computer Operator II, AVD, BIR Vivian F. Libayan Computer Operator I, AVD, BIR Mary Rose T. Rosales Computer Operator I, AVD, BIR SUB-TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION Revenue District Office No. 54B-Bacoor, North Cavite (formerly part of RDO No. 54-Trece Martirez City) Created under Department Order No. 12-89 dated February 27, 1989 As Amended Under Department of Finance Order 35-04 dated September 24, 2004 Chairman : Julio G. Alcasabas Revenue District Officer RDO NO. 54-Trece Martirez City Members : Rustico M. Bayani Asst. Revenue District Officer RDO No. 54-Trece Martirez City Roberto A. Gonzales City Assessor-Cavite City Jesus I. Barrera City Planning & Dev't. Coordinator Cavite City DEFINITION OF TERMS Residential Land/Condominium 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, 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: CODE CLASSIFICATION CODE CLASSIFICATION RR Residential Regular GL Government Land CR Commercial Regular GP General Purposes RC Residential Condominium I Industrial CC Commercial Condominium X Institutional CL Cemetery Lot APD Area for Priority Development A Agricultural PS Parking Slot AGRICULTURAL LANDS A1 Riceland Irrigated A26 Bamboo Land A2 Riceland Unirrigated A27 Peanut Land A3 Upland A28 Soy beans Land A4 Coco Land A29 Grape vineyard A5 Citrus Land A30 Pepper Land A6 Fishpond A31 Mineral Land A7 Swamp A32 Non Metallic Mineral Land A8 Nipa Land A33 Coal Deposit A9 Cotton Land A34 African Oil Land A10 Cogon A35 Rubber Land A11 Abaca Land A36 Forest Land/Timber Land A12 Orchard A37 Horticultural Land A13 Pineapple Land A38 Salt Beds A14 Banana Land A39 Seashore A15 Pasture Land A40 Resort A16 Corn Land A41 Sandy/Stony A17 Sugar Land A42 Prawn pond A18 Tobacco Land A43 Sorghum A19 Cacao A44 Ipil-ipil A20 Lanzones A45 Kangkong A21 Durian A46 Zacate A22 Rambutan A47 Vegetable Land A23 Mango A48 Coffee A24 Mangrove A49 Mountainous/Hilly Areas A25 Camote/Cassava A50 Other Agricultural Lands CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO NO. 54 - TRECE MARTIREZ 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 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 (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 BEUSED 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.