Roxas City

November 19, 1990 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 72 ROXAS CITY 1990 ZONAL VALUES OF REAL PROPERTIES IN ROXAS CITY UNDER REVENUE DISTRICT NO. 72 (renumbered as of November 30, 1994) FOR INTERNAL REVENUE TAX PURPOSES (32 BARANGAYS) 1. APPROVAL BY TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION November 19, 1990 2. PUBLIC HEARING May 24, 1990 3. APPROVAL BY EXECUTIVE COMMITTEE ON REAL PROPERTY VALUATION November 19, 1990 4. DEPARTMENT ORDER NO. 9-91 November 19, 1990 IMPLEMENTING THE ZONAL VALUES OF REAL PROPERTIES FOR ROXAS CITY UNDER REVENUE DISTRICT NO. 72 5. PUBLICATION IN THE NEWSPAPER OF GENERAL CIRCULATION (BUSINESS WORLD FILES DATED SEPTEMBER, 1991, NO. 17) October 31, 1991 6. EFFECTIVITY 15 DAYS AFTER THE RELEASE OF GENERAL CIRCULATION November 16, 1991 PREPARED BY: SECRETARIAT, TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION REAL PROPERTY VALUATION UNDER MINISTRY ORDER NO. 21-86 (AS AMENDED BY DEPARTMENT ORDER 13-89) EXECUTIVE COMMITTEE CHAIRMAN HON. JOSE U. ONG COMMISSIONER OF INTERNAL REVENUE BUREAU OF INTERNAL REVENUE MEMBERS MS. LORINDA M. CARLOS EXECUTIVE DIRECTOR BUREAU OF LOCAL GOVERNMENT FINANCE DEPARTMENT OF FINANCE ATTY. ERNESTO C. MENDIOLA COMMISSIONER & CHIEF EXECUTIVE OFFICER HOUSING AND LAND USE REGULATORY BOARD (HLURB) MR. VICENTE G. QUINTOS EXECUTIVE DIRECTOR NATIONAL TAX ATTY. EUFRACIO D. SANTOS DEPUTY COMMISSIONER BUREAU OF INTERNAL REVENUE MR. GABRIEL A. AMBROSIO REPRESENTATIVE INSTITUTE OF PHIL. REAL ESTATE APPRAISERS (IPREA) MR. RAMON P. TIOSECO REPRESENTATIVE PHIL. ASSOCIATION OF REALTORS BOARD (PAREB) SECRETARIAT ATTY. IMELDA L. REYES ASSISTANT COMMISSIONER (NAO) CHAIRMAN, TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION REAL PROPERTY VALUATION UNDER MINISTRY ORDER NO. 20-86 (AS AMENDED BY DEPARTMENT ORDER 12-89) TECHNICAL COMMITTEE CHAIRMAN ATTY. IMELDA L. REYES ASSISTANT COMMISSIONER NATIONAL ASSESSMENT OFFICE BUREAU OF INTERNAL REVENUE MEMBERS MR. SANTIAGO A. SOTELO CHIEF REAL PROPERTY ASSESSMENT EXAMINATION DIV. DEPARTMENT OF FINANCE MRS. BELEN G. CENIZA PROGRAM COORDINATOR HOUSING AND LAND USE REGULATORY BOARD (HLURB) ATTY. VICTORINO MAMALATEO SPECIAL ASSISTANT TO DEPUTY COMMISSIONER E.D. SANTOS BUREAU OF INTERNAL REVENUE MR. JUAN VENTIGAN CHIEF, ASSESSMENT PERFORMANCE CONTROL DIVISION BUREAU OF INTERNAL REVENUE MR. VICTOR T. SALINAS/ MR. FELIPE M. BUENCAMINO REPRESENTATIVE PHIL. ASSOCIATION OF REALTORS BOARD (PAREB) MR. QUIRINO B. BATERNA REPRESENTATIVE INSTITUTE OF PHIL. REAL ESTATE APPRAISERS (IPREA) SECRETARIAT MRS. LUCINA F. GALERA ASST. CHIEF, ASSESSMENT PERFORMANCE CONTROL DIVISION BUREAU OF INTERNAL REVENUE MS. REMEDIOS D. CARAET CHIEF, SYSTEMS AND PROGRAMMING DEP'T REVENUE INFORMATION SYSTEMS SERVICES, INC. TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION SECRETARIAT UNDER RSO 64-86 LUCINA F. GALERA CHAIRMAN LEONOR S. VILLALON MEMBER ESPERANZA B. TEE MEMBER JULIANA CONCEPCION MEMBER REMEDIOS D. CARAET CONSULTANT VICTOR G. BORROMEO CONSULTANT TECHNICAL AND FACILITIES POOL LAURA L. IGNACIO POLICY DIVISION INGERSOL A. CASTRO MYLENE C. ARELLANO REVENUE COMPUTER CENTER BENIGNO S. MANALO GEN. SERVICES DIVISION GLEN ANTENOR-CRUZ FACILITIES MAINTENANCE DIVISION CLERICAL & STENOGRAPHIC POOL BETTY T. DUYAG OFF. OF THE DEPUTY COMM. JOSEFINA L. ORACION ASSESSMENT PERFORMANCE EDWARD G. DECENA CONTROL DIVISION LUISA S. VALENCIA R. ROSEMARIE I. ENGRACIA SHIRLEY V. UBIAS CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO 72 ROXAS CITY 1. No previous sale of property of a particular classification. Where in the approved listing of zonal values (for various classifications of real property), no value has been prescribed for a particular classification, the zonal value prescribed for the same property located in the adjacent barangay of similar conditions shall be used. 2. No previous sale of property any classification. In a barangay where no sale, exchange or other disposition of land has been effected, the approved zonal value of similarly situated property in an adjacent barangay of similar condition, shall be used. 3. Division of a barangay. In the event that an existing barangay is divided into two or more barangays, the zonal values prescribed for the existing barangay shall be used for the newly created barangay. 4. Commercial. All real properties, regardless of actual use, located in a street/barangay/zone, the use of which are predominantly "commercial" shall be considered as "commercial" for purposes of zonal valuation. 5. Values of condominiums and townhouses. In determining or arriving at the zonal values for condominiums and townhouses. The value of the land as well as the value of the building shall be treated as one, if the title is a CCT or Condominium Certificate of Title. However, if the title is TCT or Transfer Certificate of Title, land and improvements shall be given separate values. The ground floor of a condominium shall be classified as commercial and 20% of the established value shall be added thereto. 6. Area 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 social housing, it shall be certified to as such by the proper government agency e.g. Presidential Commission on Urban Poor (PCUP), National Housing Authority (NHA), etc. 7. 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, exchanges, or other dispositions of real property located in Roxas City classified as capital assets, including pacto de retro sale and other forms of conditional sales, by individuals, estates and trusts, shall be taxed at the rate of 5% based on the 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 and city assessors, whichever is higher.