Definition of Terms and Classification of Legend

July 12, 1989 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 93 ZAMBOANGA CITY (renumbered as of November 30, 1994) 1989 ZONAL VALUES OF REAL PROPERTIES IN THE CITY OF ZAMBOANGA UNDER REVENUE DISTRICT NO. 93 (renumbered as of November 30, 1994) FOR INTERNAL REVENUE TAX PURPOSES (89 BARANGAYS) 1. PUBLIC HEARING June 30, 1989 2. DEPARTMENT ORDER NO. 34-89 July 12, 1989 IMPLEMENTING THE REVISED ZONAL VALUES OF REAL PROPERTIES IN THE REVENUE DISTRICT NO. 93, ZAMBOANGA CITY 5. PUBLICATION IN THE GENERAL CIRCULATION (OFFICIAL GAZETTE) December 4, 1989 6. EFFECTIVITY DATE 25 DAYS AFTER DATE OF CIRCULATION OF A NEWSPAPER January 2, 1990 REPUBLIKA NG PILIPINAS KAGAWARAN NG PANANALAPI KAWANIHAN NG RENTAS INTERNAS July 12, 1989 Commissioner Jose U. Ong Bureau of Internal Revenue NOB, Diliman, Quezon City S i r : In the absence of substantial objections raised in the Public Hearing conducted on June 30, 1989 on the zonal values of real properties in the City of Zamboanga for the purpose of computing any internal revenue tax, I have the honor to forward herewith for approval of the Executive Committee, the attached Schedule of Zonal Values in Revenue District Office No. 93, Revenue Region 15, Zamboanga City and the corresponding Department Order implementing the same. cda Very truly yours, IMELDA L. REYES Assistant Commissioner (Assessment Service) Chairman, Technical Committee on Real Property Valuation APPROVED: JOSE U. ONG Commissioner of Internal Revenue Chairman, Executive Committee on Real Property Valuation MEMBERS: LORINDA M. CARLOS EUFRACIO D. SANTOS Executive Director Deputy Commissioner Bureau of Local Government Finance Bureau of Internal Revenue ERNESTO C. MENDIOLA GABRIEL A. AMBROSIO Commissioner & Chief Representative Executive Officer Institute of Phil. Real Housing and Land Use Regulatory Estate Appraisers (IPREA) Board (HLURB) VICENTE G. QUINTOS RAMON P. TIOSECO Executive Director Representative REPUBLIKA NG PILIPINAS KAGAWARAN NG PANANALAPI KAWANIHAN NG RENTAS INTERNAS July 12, 1989 MEMORANDUM FOR: The Honorable VICENTE R. JAYME Secretary of Finance Pursuant to Finance Ministry Order No. 21-86 dated September 5, 1986, as amended by Department Order No. 13-89 dated February 27, 1989, I have the honor to forward for your approval, the Schedule of Zonal Values for land in the City of Zamboanga under Revenue District Office No. 93, Revenue Region 15, Zamboanga City, and the Zonal Values for land and improvements in the case of condominiums for purposes of computing internal revenue taxes. aisa dc Respectfully submitted: JOSE U. ONG Commissioner of Internal Revenue Chairman, Executive Committee on Real Property Valuation M E M B E R S LORINDA M. CARLOS ERNESTO C. MENDIOLA Executive Director Commissioner & Chief Executive Bureau of Local Government Finance Officer Housing and Land Use Regulatory Board (HLURB) VICENTE G. QUINTOS EUFRACIO D. SANTOS Executive Director Deputy Commissioner National Tax Research Center Bureau of Internal Revenue GABRIEL A. AMBROSIO RAMON P. TIOSECO Representative Representative Institute of Philippine Philippine Association of Real Estate Appraisers (IPREA) Realtors Board (PAREB) S E C R E T A R I A T IMELDA L. REYES Assistant Commissioner (Assessment Service) and Chairman, Technical Committee on Real Property Valuation Bureau Of Internal Revenue APPROVED: VICTOR C. MACALINCAG Acting Secretary of Finance 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 RESEARCH CENTER 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 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 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. ON REAL PROPERTY VALUATION FOR RDO 93 ZAMBOANGA CITY CREATED UNDER DEPARTMENT OF FINANCE ORDER NO. 12-89 SUB-TECHNICAL COMMITTEE ACIS D. ROLLORATA CHAIRMAN (REVENUE DISTRICT OFFICER, RDO 70) MOHAMMED B. NUNO MEMBER (CITY ASSESSOR) EDGARDO M. ATILANO MEMBER (PRIVATE SECTOR) BONIFACIO R. BRIONES MEMBER (PRIVATE SECTOR) TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION SECRETARIAT UNDER RSO 64-86 LUCINA F. GALERA CHAIRMAN LEONOR S. VILLALON MEMBER ESPERANZA B. TEE MEMBER REMEDIOS D. CARAET CONSULTANT VICTOR G. BORROMEO CONSULTANT TECHNICAL AND FACILITIES POOL LAURA L. IGNACIO POLICY DIVISION INGERSOL A. CASTRO REVENUE COMPUTER CENTER GODOFREDO T. ABELEDA BENIGNO S. MANALO GEN. SERVICES DIVISION GLEN ANTENOR-CRUZ FACILITIES MAINTENANCE DIVISION CLERICAL & STENOGRAPHIC POOL BETTY T. DUYAG OFF. OF THE DEPUTY COMM. CARINA S. ORTEGA TAX CREDIT/REFUND DIVISION JOSEFINA L. ORACION ASSESSMENT PERFORMANCE EDWARD G. DECEA CONTROL DIVISION LUISA S. VALENCIA R. ROSEMARIE I. ENGRACIA 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. VICINITY MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A STREET BEING LOCATED. CLASSIFICATION LEGEND: RR RESIDENTIAL REGULAR RC RESIDENTIAL CONDOMINIUM CR COMMERCIAL REGULAR A AGRICULTURAL LAND APD AREA FOR PRIORITY DEVELOPMENT CC COMMERCIAL CONDOMINIUM I INDUSTRIAL X INSTITUTIONAL GL GOVERNMENT LAND GP GENERAL PURPOSE CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO 93 ZAMBOANGA 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 Zamboanga 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.