Definition of Terms and Classification of Legend

January 25, 1993 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 83 TALISAY, CEBU 1992 ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF ARGAO, BADIAN, BARILI, BOLJOON, DALAGUETE, GINATILAN, MALABUYOC, MINGLANILLA, NAGA, PINAMUNGAJAN, RONDA, SAMBOAN, SAN FERNANDO, SANTANDER, SIBONGA AND TALISAY UNDER REVENUE DISTRICT NO. 83 TALISAY, CEBU (renumbered as of November 30, 1994) FOR INTERNAL REVENUE TAX PURPOSES 1. APPROVAL BY THE TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION January 25, 1993 2. PUBLIC HEARING July 28, 1992 3. APPROVAL BY THE EXECUTIVE COMMITTEE ON REAL PROPERTY VALUATION January 25, 1993 4. DEPARTMENT ORDER NO. 21-93 January 25, 1993 IMPLEMENTING THE ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF ARGAO, BADIAN, BARILI, BOLJOON, DALAGUETE, GINATILAN, MALABUYOC, MINGLANILLA, NAGA, PINAMUNGAJAN, RONDA, SAMBOAN, SAN FERNANDO, SANTANDER, SIBONGA AND TALISAY, UNDER REVENUE DISTRICT NO. 83 TALISAY, CEBU. 5. PUBLICATION IN THE GENERAL CIRCULATION (MALAYA). April 27, 1993 6. EFFECTIVITY DATE 15 DAYS AFTER THE CIRCULATION OF A NEWSPAPER. May 13, 1993 ON REAL PROPERTY VALUATION FOR RDO 83, TALISAY, CEBU CREATED UNDER DEPARTMENT OF FINANCE ORDER NO. 12-89 DATED FEBRUARY 27, 1989 SUB-TECHNICAL COMMITTEE JESUS A. BACALTOS CHAIRMAN (RDO, RD#60A, TALISAY, CEBU) ANNIE M. SEARES MEMBER (MUNICIPAL ASSESSOR, ARGAO) ARTURO MIRANDA MEMBER (REPRESENTATIVE, PRIVATE SECTOR, ARGAO) BENJAMIN C. FAMILAR MEMBER (MUNICIPAL ASSESSOR, BADIAN) MARCELINO D. AGRAVANTE MEMBER (REPRESENTATIVE, PRIVATE SECTOR, BADIAN) VENANCIO ESPANOL MEMBER (REPRESENTATIVE, PRIVATE SECTOR, BADIAN) PAUL FERNANDEZ MEMBER (MUNICIPAL ASSESSOR, BOLJOON) FILOMENO ROLLON MEMBER (REPRESENTATIVE, PRIVATE SECTOR, BOLJOON) URBANO SESANTE MEMBER (REPRESENTATIVE, PRIVATE SECTOR, BOLJOON) SERGIO F. MAJARA MEMBER (MUNICIPAL ASSESSOR, BARILI) MELECIO A. MARINAS MEMBER (REPRESENTATIVE, PRIVATE SECTOR, BARILI) BENEDICTA R. SOLON MEMBER (REPRESENTATIVE, PRIVATE SECTOR, BARILI) LORETO BUENCONSEJO MEMBER (MUNICIPAL ASSESSOR, DALAGUETE) BENJAMIN LUMAYAG MEMBER (REPRESENTATIVE, PRIVATE SECTOR, DALAGUETE) JOSE BALBUENA MEMBER (REPRESENTATIVE, PRIVATE SECTOR, DALAGUETE) SALUSTIANA F. JOMUAD MEMBER (MUNICIPAL ASSESSOR, GINATILAN) CELERINO F. JOMUAD MEMBER (REPRESENTATIVE, PRIVATE SECTOR, GINATILAN) ABUNDIA L. SINGCO MEMBER (REPRESENTATIVE, PRIVATE SECTOR, GINATILAN) ANTONIO LERIO, JR. MEMBER (MUNICIPAL ASSESSOR, MALABUYOC) CAREDAD CEDENO MEMBER (REPRESENTATIVE, PRIVATE SECTOR, MALABUYOC) PETER ALBURO MEMBER (REPRESENTATIVE, PRIVATE SECTOR, MALABUYOC) EDWINO ALIDON MEMBER (MUNICIPAL ASSESSOR MINGLANILLA) ROFELIO CHAVEZ MEMBER (REPRESENTATIVE, PRIVATE SECTOR, MINGLANILLA) LILIA B. CASTILLOTE MEMBER (MUNICIPAL ASSESSOR, NAGA) LETICIA ABANGAN MEMBER (REPRESENTATIVE, PRIVATE SECTOR, NAGA) NELVA K. MAMALIAS MEMBER (MUNICIPAL ASSESSOR, PINAMUNGAJAN) YSMAEL P. SOBERANO MEMBER (REPRESENTATIVE, PRIVATE SECTOR, PINAMUNGAJAN) DANIEL G. CARVELLIDA MEMBER (REPRESENTATIVE, PRIVATE SECTOR, PINAMUNGAJAN) HELENIDA I. GEORPE MEMBER (MUNICIPAL ASSESSOR, RONDA) ROSARIO B. CORRIENTE MEMBER (REPRESENTATIVE, PRIVATE SECTOR, RONDA) FLORENCIO Z. PATA MEMBER (REPRESENTATIVE, PRIVATE SECTOR, RONDA) CESAR BUSMION MEMBER (MUNICIPAL ASSESSOR, SAMBOAN) NACIANCENO DINGAL MEMBER (REPRESENTATIVE, PRIVATE SECTOR, SAMBOAN) BASIANO ARANAS MEMBER (REPRESENTATIVE, PRIVATE SECTOR, SAMBOAN) EUGENIO TUDTUD MEMBER (MUNICIPAL ASSESSOR, SAN FERNANDO) ERNESTO MANUGAS MEMBER (REPRESENTATIVE, PRIVATE SECTOR, SAN FERNANDO) MARLON PASILAN MEMBER (REPRESENTATIVE, PRIVATE SECTOR, SAN FERNANDO) CESAR R. BUSMION MEMBER (MUNICIPAL ASSESSOR, SANTANDER) JOSE ZOE MONTE MEMBER (REPRESENTATIVE, PRIVATE SECTOR, SANTANDER) DANILO LUYAO MEMBER (REPRESENTATIVE, PRIVATE \SECTOR, SANTANDER) NESTOR MERTALIA MEMBER (MUNICIPAL ASSESSOR, SIBONGA) FAUSTINO ADLAWAN MEMBER (REPRESENTATIVE, PRIVATE SECTOR, SIBONGA) ALEJANDRO RIZON MEMBER (REPRESENTATIVE, PRIVATE SECTOR, SIBONGA) ALMA T. ABELLANOSA MEMBER (MUNICIPAL ASSESSOR, TALISAY) ROMY VERANO MEMBER (REPRESENTATIVE, PRIVATE SECTOR, TALISAY) LORETA BACALTOS MEMBER (REPRESENTATIVE, PRIVATE SECTOR, TALISAY) 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 X INSTITUTIONAL RC RESIDENTIAL CONDOMINIUM I INDUSTRIAL CR COMMERCIAL REGULAR A PLAIN, SLOPE AGRICULTURAL LAND CC COMMERCIAL CONDOMINIUM A1 HILLY, MOUNTAINOUS GL GOVERNMENT LAND AGRICULTURAL LAND GP GENERAL PURPOSE A2 COAL DEPOSIT APD AREA FOR PRIORITY DEVELOPMENT A3 FISHPOND CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO NO. 83, TALISAY, CEBU 1. No zonal value has been prescribed for a particular classification of real property where 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 conditions shall be used; and casia 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 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 or 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 (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 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.