Definition of Terms and Classification Legend

June 8, 1993 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 55 SAN PABLO CITY 1992 ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF KALAYAAN AND STA. MARIA, SAN PABLO CITY UNDER REVENUE DISTRICT NO. 55 (renumbered as of November 30, 1994) FOR INTERNAL REVENUE TAX PURPOSES (33 BARANGAYS) 1. APPROVAL BY THE TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION June 8, 1993 2. PUBLICATION IN THE WEDNESDAY HERALD REGIONAL WEEKLY NEWSPAPER FOR THREE CONSECUTIVE WEEKS August 12-18, 1992 3. APPROVAL BY THE EXECUTIVE COMMITTEE ON REAL PROPERTY VALUATION June 8, 1993 4. DEPARTMENT ORDER NO. 123-93 IMPLEMENTING THE ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF KALAYAAN AND STA. MARIA, LAGUNA UNDER REVENUE DISTRICT NO. 55 SAN PABLO CITY. 5. PUBLICATION IN THE GENERAL CIRCULATION (THE MANILA STANDARD) January 20, 1994 6. EFFECTIVE DATE 15 DAYS AFTER DATE OF CIRCULATION OF A NEWSPAPER February 5, 1994 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. LIWAYWAY VINZONS-CHATO COMMISSIONER OF INTERNAL REVENUE BUREAU OF INTERNAL REVENUE MEMBERS VICTOR A. DEOFERIO JR. 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 (HLRB) 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 REPRESENTATIVE 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 AND BUILDERS ASSOCIATION (CREBA) CONSULTANTS ATTY. ALICIA TOMACRUZ CHIEF, LEGISLATIVE RULING & RESEARCH DIVISION B.I.R. MS. LUCINA F. GALERA CHIEF, TAX CREDIT/REFUND DIVISION B.I.R. ATTY. ERLINDA O. MATIC CHIEF, NATIONAL AUDIT REVIEW DIVISION B.I.R. MRS. 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 STAFF: ATTY. ELENO B. VELASCO ASSISTANT CHIEF ATTY. ESPERANZA B. TEE SECTION CHIEF MS. TERESITA CASTILLO ACTING, SECTION CHIEF MS. CRISTINA T. BILLONES REVENUE OFFICER II MR. ALFREDO N. VALEROS REVENUE OFFICER MS. R. ROSEMARIE E. MERCADO REVENUE OFFICER ON REAL PROPERTY VALUATION FOR RD 55, MUNICIPALITY OF KALAYAAN AND STA. MARIA, LAGUNA SUB-TECHNICAL COMMITTEE UMIRAL MATIC CHAIRMAN (RDO, SAN PABLO CITY) LOURDES R. YAPANA MEMBER (MUNICIPAL ASSESSOR KALAYAAN) TEODORICO REAL MEMBER (MUNICIPAL ASSESSOR STA. MARIA) ESTANISLAO P. CORPUZ MEMBER (MUNICIPAL TREASURER KALAYAAN) PRIMO RUFINO MEMBER (MUNICIPAL SECRETARY STA. MARIA) DEMETRIO MACAWILI MEMBER (MUNICIPAL TREASURER STA. MARIA) LUIS OCTAVIO MEMBER (MUNICIPAL PLANNING OFFICER STA. MARIA) NEPOMUCENO L. VILLANUEVA MEMBER (NPDC-KALAYAAN) 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 RC RESIDENTIAL CONDOMINIUM CR COMMERCIAL REGULAR APD AREA FOR PRIORITY DEVELOPMENT A AGRICULTURAL LAND (PRODUCTIVE) A1 AGRICULTURAL LAND (UNPRODUCTIVE) CC COMMERCIAL CONDOMINIUM I INDUSTRIAL X INSTITUTIONAL GL GOVERNMENT LAND GP GENERAL PURPOSE CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES IN THE MUNICIPALITIES OF KALAYAAN AND STA. MARIA UNDER RDO NO. 55 SAN PABLO 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 classification in a particular street/subdivision in a zonal value prescribed for the same classification of real property located in the other street/subdivision within the same barangay of similar 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 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 (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. 5. Zonal value or FMV established in the schedule of values assessors: The zonal values established herein apply in computing all Internal Revenue taxes purposes provided that the capital gains tax from sales, exchange, or other dispositions of real property classified 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.