Definition of Terms

February 11, 1997 REVENUE DISTRICT OFFICE NO. 58 BATANGAS CITY REVISED ZONAL VALUES OF REAL PROPERTIES IN BATANGAS CITY UNDER RD#58, BATANGAS CITY FOR INTERNAL REVENUE TAX PURPOSES 1. APPROVAL BY THE TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION FEBRUARY 11, 1997 2. PUBLIC HEARING DECEMBER 11, 1995 3. APPROVAL BY THE EXECUTIVE COMMITTEE ON REAL PROPERTY VALUATION FEBRUARY 11, 1997 4. DEPARTMENT ORDER NO. 31-97 FEBRUARY 11, 1997 IMPLEMENTING THE REVISED ZONAL VALUES OF REAL PROPERTIES IN BATANGAS CITY UNDER REVENUE DISTRICT NO. 58 BATANGAS CITY. 5. PUBLICATION IN THE GENERAL CIRCULATION (THE MANILA TIMES) 6. EFFECTIVITY DATE 15 DAYS AFTER THE CIRCULATION OF A NEWSPAPER. 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.