Definition of Terms and Classification of Legend

1995 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 71 KALIBO, AKLAN (17 MUNICIPALITIES) SUB-TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION FOR RDO 71, KALIBO, AKLAN CREATED UNDER DEPARTMENT OF FINANCE ORDER NO. 12-89 DATED FEBRUARY 27, 1989 ERICO V. ABALAJON CHAIRMAN (RDO, RD#71, KALIBO, AKLAN) MILAGROS AZARCON MEMBER (PROVINCIAL ASSESSOR) GERARDO ATIENZA MEMBER (REPRESENTATIVE, BANK APPRAISER, BPI) RAMON RELOJ MEMBER (REPRESENTATIVE, BANK APPRAISER, CRD) FAUSTO M. RAPIO MEMBER (DEPUTY PROVL/MUN. ASSESSOR, BANGA) MARGARITO ANDRADE MEMBER (BANK APPRAISER, BANGA) ROBILYN E. SALAZAR-BARRIOS MEMBER (DEPUTY PROV'L & MUN. ASSESSOR - BATAN, AKLAN) NALICIA V. CONANAN MEMBER (DEPUTY PROV. & MUN. ASSESSOR - IBAJAY, AKLAN) NONITO P. FUENTES MEMBER (MUNICIPAL ASSESSOR, MAKATO) SATURNINO PINOLAN MEMBER (BANK APPRAISER, MAKATO) ARMANDO Y. DIMO MEMBER (BANK APPRAISER, NEW WASHINGTON, AKLAN) BIR STAFF: VIOLETA MOLETA COLLECTION OFFICER (MUNICIPALITY OF ALTAVAS, AKLAN) ROBERT ROGAN COLLECTION OFFICER (MUNICIPALITY OF BALETE, AKLAN) VALERIA L. VILLANUEVA COLLECTION OFFICER (MUNICIPALITY OF BANGA, AKLAN MIRANDA J. SUCGANG COLLECTION OFFICER (MUNICIPALITY OF BATANG, AKLAN) NORMA R. ALOMAJAN COLLECTION OFFICER (MUNICIPALITY OF BURUANGA, AKLAN) JOLITO A. TALIO (MUNICIPALITY OF IBAJAY, AKLAN) COLLECTION OFFICER ERALON B. DE ARO REVENUE OFFICER (MUNICIPALITY OF KALIBO, AKLAN) GLEN REYES COLLECTION OFFICER (MUNICIPALITY OF LEZO, AKLAN) AURELIA Y. ZULUETA COLLECTION OFFICER (MUNICIPALITY OF LIBACAO, AKLAN) JOCELYN E. CASIBU COLLECTION OFFICER (MUNICIPALITY OF MADALAG, AKLAN) MERLENE TAGLE COLLECTION OFFICER (MUNICIPALITY OF MAKATO, AKLAN) HENRY P. MARAVILLA REVENUE OFFICER (MUNICIPALITY OF MALAY, AKLAN) JOSE CAHILIG COLLECTION OFFICER (MUNICIPALITY OF MALINAO, AKLAN) NIDELYN M. MARTELINO COLLECTION OFFICER (MUNICIPALITY OF NABAS, AKLAN MARJORET G. SALMON COLLECTION OFFICER (MUNICIPALITY OF NEW WASHINGTON, AKLAN) LINDA P. PERALTA COLLECTION OFFICER (MUNICIPALITY OF NUMANCIA, AKLAN) NORMA R. ALOMAJON COLLECTION OFFICER (MUNICIPALITY OF TANGALAN, AKLAN) 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. 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 A AGRICULTURAL LAND CR COMMERCIAL REGULAR A1 COCAL LAND RC RESIDENTIAL CONDOMINIUM A2 IRRIGATED RICELAND C COMMERCIAL CONDOMINIUM A3 UNIRRIGATED RICELAND GL GOVERNMENT LAND A4 ORCHARD GP GENERAL PURPOSE A5 CORNLAND X INSTITUTIONAL A6 NIPA LAND I INDUSTRIAL A7 FISHPOND APD AREA FOR PRIORITY A7-1 DEVELOPED FISHPOND DEVELOPMENT A7-2 UNDEVELOPED FISHPOND A8 COGONLAND A14 PASTURE LAND A9 BAMBOOLAND A15 SUGAR LAND A10 SEASHORE A16 ABACA LAND A11 BANANALAND A17 PINEAPPLE PLANTATION A12 SWAMPY LOWLAND A13 DRIED RIVER BED CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO NO. 71 KALIBO, AKLAN 1. NO ZONAL VALUES 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 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 (HLRB). IF IT IS UTILIZED FOR SOCIAL 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 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.