Definition of Terms, Classification of Legend & Agricultural Lands

June 21, 2010 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 60 LIPA CITY ZONAL VALUES OF REAL PROPERTIES IN THE CITY OF LUCENA (3RD REVISION) AND MUNICIPALITIES OF BURDEOS, CANDELARIA, DOLORES, GENERAL NAKAR, INFANTA, JOMALIG, LUCBAN, MAUBAN, PAGBILAO, PANUKULAN, PATNANUNGAN, POLILLO, REAL, SAMPALOC, SAN ANTONIO, SARIAYA, TAYABAS AND TIAONG (2ND REVISION) UNDER REVENUE DISTRICT OFFICE NO. 60-LUCENA CITY TABLE OF CONTENTS THE EXECUTIVE COMMITTEE THE TECHNICAL COMMITTEE, CONSULTANTS, THE SECRETARIAT THE SUB-TECHNICAL COMMITTEE & THE REPRESENTATIVE OF PRIVATE SECTORS & THE MUNICIPAL ASSESSORS CLASSIFICATION LEGEND LUCENA CITY BARANGAY 1 (POBLACION) BARANGAY 2 (POBLACION) BARANGAY 3 (POBLACION) BARANGAY 4 (POBLACION) BARANGAY 5 (POBLACION) BARANGAY 6 (POBLACION) BARANGAY 7 (POBLACION) BARANGAY 8 (POBLACION) BARANGAY 9 (POBLACION) BARANGAY 10 (POBLACION) BARANGAY 11 (POBLACION) BARANGAY BARRA BARANGAY BOCOHAN BARANGAY COTTA BARANGAY DALAHICAN BARANGAY DOMOIT BARANGAY GULANG-GULANG BARANGAY IBABANG DUPAY BARANGAY IBABANG IYAM BARANGAY IBABANG TALIM BARANGAY ILAYANG DUPAY BARANGAY ILAYANG IYAM BARANGAY ILAYANG TALIM BARANGAY ISABANG BARANGAY MARKET VIEW BARANGAY MAYAO CASTILLO BARANGAY MAYAO CROSSING BARANGAY MAYAO KANLURAN BARANGAY MAYAO PARADA BARANGAY MAYAO SILANGAN BARANGAY RANSOHAN BARANGAY SALINAS BARANGAY TALAO-TALAO MUNICIPALITY OF BURDEOS BARANGAY ALUYON BARANGAY AMOT BARANGAY ANIBAWAN BARANGAY BONIFACIO BARANGAY CABUGAO BARANGAY CABUNGALAN BARANGAY CALUTCOT BARANGAY CANIWAN BARANGAY CARLAGAN BARANGAY MABINI BARANGAY PALASAN BARANGAY POBLACION BARANGAY RIZAL BARANGAY SAN RAFAEL MUNICIPALITY OF CANDELARIA BARANGAY BUENAVISTA EAST BARANGAY BUENAVISTA WEST BARANGAY BUKAL NORTE BARANGAY BUKAL SUR BARANGAY KINATIHAN I BARANGAY KINATIHAN II BARANGAY MALABANAN NORTE BARANGAY MALABANAN SUR BARANGAY MANGILAG NORTE BARANGAY MANGILAG SUR BARANGAY MASALUKOT I BARANGAY MASALUKOT II BARANGAY MASALUKOT III BARANGAY MASALUKOT IV BARANGAY MASALUKOT V BARANGAY MASIN NORTE BARANGAY MASIN SUR BARANGAY MAYABOBO BARANGAY PAHINGA NORTE BARANGAY PAHINGA SUR BARANGAY POBLACION BARANGAY SAN ANDRES BARANGAY SAN ISIDRO BARANGAY STA. CATALINA NORTE BARANGAY STA. CATALINA SUR MUNICIPALITY OF DOLORES BARANGAY ANTONINO (AYUSAN) BARANGAY BAGONG ANYO (POBLACION) BARANGAY BAYANIHAN (POBLACION) BARANGAY BULAKIN I BARANGAY BULAKIN II BARANGAY BUNGOY BARANGAY CABATANG BARANGAY DAGATAN BARANGAY KINABUHAYAN BARANGAY MALIGAYA (POBLACION) BARANGAY MANGAHAN BARANGAY PINAGDANLAYAN BARANGAY PUTOL BARANGAY SAN MATEO BARANGAY SANTA LUCIA BARANGAY SILANGAN (POBLACION) MUNICIPALITY OF GENERAL NAKAR BARANGAY ANOLING BARANGAY BANGLOS BARANGAY BATANGAN BARANGAY CANAWAY BARANGAY CATABLINGAN BARANGAY LUMUTAN BARANGAY MAGSIKAP BARANGAY MAHABANG LALIM BARANGAY MAIGANG BARANGAY MALIGAYA BARANGAY MINAHAN NORTE BARANGAY MINAHAN SUR BARANGAY PAGSANGHAN BARANGAY PAMPLONA BARANGAY POBLACION BARANGAY SABLANG BARANGAY SAN MARCELINO BARANGAY UMIRAY MUNICIPALITY OF INFANTA BARANGAY ABIAWIN BARANGAY AGOS-AGOS BARANGAY ALITAS BARANGAY AMOLONGIN BARANGAY ANIBONG BARANGAY ANTIKIN BARANGAY BACONG BARANGAY BALOBO BARANGAY BANTILAN BARANGAY BANUGAO BARANGAY BATICAN BARANGAY BINONOAN BARANGAY BINULASAN BARANGAY BOBOIN BARANGAY CATAMBUNGAN BARANGAY CAWAYANIN BARANGAY COMON BARANGAY DINAHICAN BARANGAY GUMIAN BARANGAY ILOG BARANGAY INGAS BARANGAY LANGGAS BARANGAY LIBJO BARANGAY LUAL BARANGAY MAGSAYSAY BARANGAY MAYPULOT BARANGAY MISWA TDEASC BARANGAY PILAWAY BARANGAY PINAGLAPATAN BARANGAY POBLACION 1 (BARANGAY 1) BARANGAY POBLACION 38 (BARANGAY 2) BARANGAY POBLACION 39 (BARANGAY 3) BARANGAY PULO BARANGAY SILANGAN BARANGAY TONGOHIN BARANGAY TUDTURAN MUNICIPALITY OF JOMALIG BARANGAY APAD BARANGAY BUKAL BARANGAY CASUGURAN BARANGAY GANGO BARANGAY TALISOY (POBLACION) MUNICIPALITY OF LUCBAN BARANGAY ABANG BARANGAY ALILIW BARANGAY ATULINAO BARANGAY AYUTI BARANGAY POBLACION BARANGAY 1 POBLACION BARANGAY 2 POBLACION BARANGAY 3 POBLACION BARANGAY 4 POBLACION BARANGAY 5 POBLACION BARANGAY 6 POBALCION BARANGAY 7 POBLACION BARANGAY 8 POBLACION BARANGAY 9 POBLACION BARANGAY 10 POBLACION BARANGAY IGANG BARANGAY KABATETE BARANGAY KAKAWIT BARANGAY KALANGAY BARANGAY KALYAAT BARANGAY KILIB BARANGAY KULAPI BARANGAY MAHABANG PARANG BARANGAY MALUPAK BARANGAY MANASA BARANGAY MAY-IT BARANGAY NAGSINAMO BARANGAY NALUNAO BARANGAY PALOLA BARANGAY PIIS BARANGAY SAMIL BARANGAY TIAWE BARANGAY TINAMNAN MUNICIPALITY OF MAUBAN BARANGAY ABO-ABO BARANGAY ALITAP BARANGAY BAAO BARANGAY BAGONG BAYAN (POBLACION) BARANGAY BALAY-BALAY BARANGAY BATO BARANGAY CAGBALETE I BARANGAY CAGBALETE II BARANGAY CAGSIAY I BARANGAY CAGSIAY II BARANGAY CAGSIAY III BARANGAY CONCEPCION BARANGAY DAUNGAN (POBLACION) BARANGAY LIWAYWAY BARANGAY LUAL (POBLACION) BARANGAY LUAL RURAL BARANGAY LUCUTAN BARANGAY LUYA-LUYA BARANGAY MABATO (POBLACION) BARANGAY MACASIN BARANGAY POLO BARANGAY REMEDIOS I BARANGAY REMEDIOS II BARANGAY RIZALINA (POBLACION) BARANGAY ROSARIO BARANGAY SADSARAN (POBLACION) BARANGAY SAN GABRIEL BARANGAY SAN ISIDRO BARANGAY SAN JOSE BARANGAY SAN LORENZO BARANGAY SAN MIGUEL BARANGAY SAN RAFAEL BARANGAY SAN ROQUE BARANGAY SAN VICENTE BARANGAY SANTA LUCIA BARANGAY SANTO ANGEL BARANGAY SANTO NIO BARANGAY SANTOL BARANGAY SOLEDAD BARANGAY TAPUCAN MUNICIPALITY OF PAGBILAO BARANGAY ALUPAYE BARANGAY AATO BARANGAY ANTIPOLO BARANGAY BANTIGUE BARANGAY 1 CASTILLO (POBLACION) BARANGAY 2 DAUNGAN (POBLACION) BARANGAY 3 DEL CARMEN (POBLACION) BARANGAY 4 PARANG (POBLACION) BARANGAY 5 STA. CATALINA (POBLACION) BARANGAY 6 TAMBAK (POBLACION) BARANGAY BAGONG BAYAN IBABA BARANGAY BAYAN ILAYA BARANGAY BIGO BARANGAY BINAHAAN BARANGAY BUKAL BARANGAY IBABANG BAGUMBUNGAN BARANGAY IBABANG PALSABUNGON BARANGAY IBABANG POLO BARANGAY IKIRIN BARANGAY ILAYANG BAGUMBUNGAN BARANGAY ILAYANG PALSABANGON BARANGAY ILAYANG POLO BARANGAY KANULURAN MALICBOY BARANGAY MAPAGONG BARANGAY MAYHAY BARANGAY PINAGBAYANAN BARANGAY SILANGAN MALICBOY BARANGAY TALIPAN BARANGAY TUKALAN MUNICIPALITY OF PANUKULAN BARANGAY BALUNGAY BARANGAY BATO BARANGAY BONBON BARANGAY CALASUMANGA BARANGAY KINALAGTI BARANGAY LIBO BARANGAY LIPATA BARANGAY MATANGKAP BARANGAY MILAWID BARANGAY PAGITAN BARANGAY PANDAN BARANGAY SAN JUAN (POBLACION) MUNICIPALITY OF PATNANUNGAN BARANGAY AMAGA BARANGAY BUSDAK BARANGAY KILOGAN BARANGAY LUOD BARANGAY PATNANUNGAN NORTE BARANGAY PATNANUNGAN SUR (POBLACION) MUNICIPALITY OF POLILLO BARANGAY ANAWAN BARANGAY ATULAYAN BARANGAY BALESIN BARANGAY BAADERO BARANGAY BINIBITINAN BARANGAY BISLIAN BARANGAY BUCAO BARANGAY CANICANIAN BARANGAY KALUBAKIS BARANGAY LANGUYIN BARANGAY LIBJO BARANGAY PAMATDAN BARANGAY PILION BARANGAY PINAGLUBAYAN BARANGAY POBLACION BARANGAY SABANG BARANGAY SALIPSIP BARANGAY SIBULAN BARANGAY TALUONG BARANGAY TAMULAYA-ANITONG MUNICIPALITY OF REAL BARANGAY BAGONG SILANG BARANGAY CAPALONG EcDSTI BARANGAY CAWAYAN BARANGAY KILOLORON BARANGAY LLAVAC BARANGAY LUBAYAT BARANGAY MALAPAD BARANGAY MARAGONDON BARANGAY MASIKAP BARANGAY MAUNLAD BARANGAY PANDAN BARANGAY POBLACION 1 (BARANGAY 1) BARANGAY POBLACION 61 (BARANGAY 2) BARANGAY TAGUMPAY BARANGAY TANAUAN BARANGAY TIGNOAN BARANGAY UNGOS MUNICIPALITY OF SAMPALOC BARANGAY ALUPAY BARANGAY APASAN BARANGAY BANOT BARANGAY BATAAN BARANGAY BAYONGON BARANGAY BILUCAO BARANGAY CALDONG BARANGAY IBABANG OWAIN BARANGAY ILAYANG OWAIN BARANGAY MAMALA BARANGAY SAN BUENO BARANGAY SAN ISIDRO (POBLACION) BARANGAY SAN ROQUE (POBLACION) BARANGAY TAQUICO MUNICIPALITY OF SAN ANTONIO BARANGAY ARAWAN BARANGAY BAGONG NIING BARANGAY BALAT ATIS BARANGAY BRIONES BARANGAY BULIHAN BARANGAY BULIRAN BARANGAY CALLEJON BARANGAY CORAZON BARANGAY MAGSAYSAY BARANGAY MANUEL DEL VALLE SR. BARANGAY LOOB BARANGAY MATIPUNSO BARANGAY NIING BARANGAY POBLACION BARANGAY PULO BARANGAY PURY BARANGAY SAMPAGA BARANGAY SAMPAGUITA BARANGAY SAN JOSE BARANGAY SINTURISAN MUNICIPALITY OF SARIAYA BARANGAY ANTIPOLO BARANGAY BALUBAL BARANGAY 1 (POBLACION) BARANGAY 2 (POBLACION) BARANGAY 3 (POBLACION) BARANGAY 4 (POBLACION) BARANGAY 5 (POBLACION) BARANGAY 6 (POBLACION) BARANGAY BIGNAY 1 BARANGAY BIGNAY 2 BARANGAY BUCAL BARANGAY CANDA BARANGAY CASTAAS BARANGAY CONCEPCION BANAHAW BARANGAY CONCEPCION 1 BARANGAY CONCEPCION PALASAN BARANGAY CONCEPCION PINAGBAKURAN BARANGAY GIBANGA BARANGAY GUISGUIS-SAN ROQUE BARANGAY GUISGUIS TALON BARANGAY JANAGDONG 1 BARANGAY JANAGDONG 2 BARANGAY LIMBON BARANGAY LUTUCAN 1 BARANGAY LUTUCAN BATA BARANGAY LUTUCAN MALABAG BARANGAY MAMALA I BARANGAY MAMALA II BARANGAY MANGGALANG I BARANGAY MANGGALANG II BARANGAY MANGGALANG-BANTILAN BARANGAY MANGGALANG-KILING BARANGAY MANGGALANG TULO-TULO BARANGAY MONTECILLO BARANGAY MORONG BARANGAY PILI BARANGAY SAMPALOC 1 BARANGAY SAMPALOC 2 BARANGAY SANTO CRISTO BARANGAY TALAAN APLAYA BARANGAY TALAAN PANTOC BARANGAY TUMBAGA 1 BARANGAY TUMBAGA 2 MUNICIPALITY OF TAYABAS BARANGAY ALITAO BARANGAY ALSAM IBABA BARANGAY ILAYANG ALSAM BARANGAY ALUPAY BARANGAY ANGELES ZONE I (POBLACION) BARANGAY ANGELES ZONE II BARANGAY ANGELES ZONE III BARANGAY ANGELES ZONE IV BARANGAY ANGUSTIAS ZONE I (POBLACION) BARANGAY ANGUSTIAS ZONE II (POBLACION) BARANGAY ANGUSTIAS ZONE III (POBLACION) BARANGAY ANGUSTIAS ZONE IV (POBLACION) BARANGAY ANOS BARANGAY AYAAS BARANGAY BAGUIO BARANGAY BANILAD BARANGAY BUKAL IBABA BARANGAY BUKAL ILAYA BARANGAY CALANTAS BARANGAY CALUMPANG BARANGAY CAMAYSA BARANGAY DAPDAP BARANGAY DAMOIT KANLURAN BARANGAY DAMOIT SILANGAN BARANGAY GIBANGA BARANGAY IBAS BARANGAY ILASAN IBABA BARANGAY ILASAN ILAYA BARANGAY IPILAN BARANGAY ISABANG BARANGAY KATIGAN KANLURAN BARANGAY KATIGAN SILANGAN BARANGAY LAKAWAN BARANGAY LALO BARANGAY LAWIGUE BARANGAY LITA (POBLACION) BARANGAY MALAOA BARANGAY MASIN BARANGAY MATE BARANGAY MATEUNA BARANGAY MAYOWE BARANGAY NANGKA IBABA BARANGAY NANGKA ILAYA BARANGAY OPIAS BARANGAY PALALE IBABA BARANGAY PALALE ILAYA BARANGAY PALALE KANLURAN BARANGAY PALALE SILANGAN BARANGAY PANDAKAKI BARANGAY POOK BARANGAY POTOL BARANGAY SAN DIEGO ZONE I (POBLACION) BARANGAY SAN DIEGO ZONE II BARANGAY SAN DIEGO ZONE III BARANGAY SAN DIEGO ZONE IV BARANGAY SAN ISIDRO (POBLACION) BARANGAY SAN ISIDRO ZONE II BARANGAY SAN ISIDRO ZONE III BARANGAY SAN ISIDRO ZONE IV BARANGAY SAN ROQUE ZONE I (POBLACION) BARANGAY SAN ROQUE ZONE II BARANGAY TALOLONG BARANGAY TAMLONG BARANGAY TONGKO BARANGAY VALENCIA BARANGAY WAKAS MUNICIPALITY OF TIAONG BARANGAY ANASTACIA BARANGAY AQUINO BARANGAY AYUSAN I BARANGAY AYUSAN II BARANGAY I (POBLACION) BARANGAY II (POBLACION) BARANGAY III (POBLACION) BARANGAY IV (POBLACION) BARANGAY BEHIA BARANGAY BUKAL BARANGAY BULA BARANGAY BULAKIN BARANGAY CABATANG BARANGAY CABAY BARANGAY DEL ROSARIO BARANGAY LAGALAG BARANGAY LALIG BARANGAY LUMINGON BARANGAY LUSACAN BARANGAY PAIISA BARANGAY PALAGARAN BARANGAY QUIPOT BARANGAY SAN AGUSTIN BARANGAY SAN FRANCISCO BARANGAY SAN ISIDRO BARANGAY SAN JOSE BARANGAY SAN JUAN BARANGAY SAN PEDRO BARANGAY TAGBAKIN BARANGAY TALISAY BARANGAY TAMISIAN 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 ACIR, 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. 93A-Zamboanga 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 : Muriel P. Flores Revenue District Officer RDO No. 60-Lucena City Members : Rosemarie B. Luces Assistant Revenue District Officer RDO No. 60-Lucena City Reynaldo O. Calayan Calmar Land Development Corporation Lucena City Engr. Renato Z. Dalida City Assessor Lucena City DEFINITION OF TERMS Residential Land/Condominium Principally Devoted to Habitation. Commercial Land 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. 60-LUCENA 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 improvement shall be given separate values, i.e. , zonal value/gross selling price/fair market value per latest tax declaration whichever is higher and, in the absence of zonal valuation, property shall be valued pursuant to RAMO 2-91. The ground floor of the 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 declared as such by existing statutes and pertinent executive issuances (Revenue Regulations No. 17-2001). Second sale of lot identified as located in the APD shall no longer be valued as an APD and shall be treated as an ordinary real property. 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 ( i.e. , capital gains, creditable withholding, estate, donor's, and documentary stamp taxes) due on sales, exchanges, or other dispositions of real property. Provided, that the same is higher than (1.) the fair market value as shown in the schedule of values of the provincial and city assessors ( i.e. , latest tax declaration) and (2.) the gross selling price as shown in the duly notarized document of sale or exchange at the time of sale or exchange. Provided, however, that the value of property to be used in computing estate and donor's 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 assessor, whichever is higher.