Cagayan De Oro

March 19, 1997 ZONAL VALUATION REVENUE DISTRICT OFFICE NO. 98 CAGAYAN DE ORO CITY 1st REVISION OF ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF ALUBIJID, BALINGASAG, CLAVERIA, EL SALVADOR, GITAGUM, INITAO, JASAAN, LAGUINDINGAN, LIBERTAD, LUGAIT, MANTICAO, NAAWAN, OPOL, TAGOLOAN AND VILLANUEVA UNDER REVENUE DISTRICT NO. 98 CAGAYAN DE ORO CITY (15 MUNICIPALITIES) 1. APPROVAL BY THE TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION MARCH 19, 1997 2. PUBLIC HEARING FEBRUARY 5, 1996 3. APPROVAL BY THE EXECUTIVE COMMITTEE ON REAL PROPERTY VALUATION MARCH 19, 1997 4. DEPARTMENT ORDER NO. 40-97 MARCH 19, 1997 IMPLEMENTING THE REVISED ZONAL VALUES OF REAL PROPERTIES LOCATED IN THE MUNICIPALITIES OF ALUBIJID, BALINGASAG, CLAVERIA, EL SALVADOR, GITAGUM, INITAO, JASAAN, LAGUINDINGAN, LIBERTAD, LUGAIT, MANTICAO, NAAWAN, OPOL, TAGOLOAN AND VILLANUEVA UNDER REVENUE DISTRICT NO. 98 CAGAYAN DE ORO CITY. 5. PUBLICATION IN THE GENERAL CIRCULATION (THE PHILIPPINE JOURNAL) OCTOBER 5, 1997 6. EFFECTIVITY DATE - 15 DAYS AFTER THE DATE OF CIRCULATION OF A NEWSPAPER OCTOBER 21, 1997 THE SECRETARIAT SUB-TECHNICAL COMMITTEE ON REAL PROPERTY VALUATION FOR RDO NO. 98 CAGAYAN DE ORO CITY CREATED UNDER DEPARTMENT OF FINANCE ORDER NO. 12-89 DATED FEBRUARY 27, 1989 RDO GERARDO R. FLORENDO CHAIRMAN (RD#75 - CAGAYAN DE ORO CITY) MR. ADANTE BUSINOS MEMBER (MUNICIPAL ASSESSOR, ALUBIJID) MR. BONIFACIO BUNA MEMBER (PRIVATE SECTOR, ALUBIJID) MR. GILBERT LIM MEMBER (PRIVATE SECTOR, ALUBIJID) MR. ERNESTO ABUZO MEMBER (MUNICIPAL ASSESSOR, BALINGASAG) MR. BOBBIE OLANO MEMBER (PRIVATE SECTOR, BALINGASAG) MR. ROLANDO BACSIN MEMBER (PRIVATE SECTOR, BALINGASAG) MS. ZENAIDA P. LAUDERES MEMBER (MUNICIPAL ASSESSOR, CLAVERIA) MR. ANTONIO C. LIPANTA MEMBER (PRIVATE SECTOR, CLAVERIA) MR. ROCAYA C. ENARCISO MEMBER (MUNICIPAL ASSESSOR, EL SALVADOR) MR. PEDRITO CAJARTE MEMBER (PRIVATE SECTOR, EL SALVADOR) MS. LORNA MAGPULONG MEMBER (PRIVATE SECTOR, EL SALVADOR) MS. CERILA R. GALLENERO MEMBER (MUNICIPAL ASSESSOR, GITAGUM) MS. CONCHITA LAGAS MEMBER (PRIVATE SECTOR, GITAGUM) MR. FRANCIS J. ACAIN MEMBER (MUNICIPAL ASSESSOR, INITAO) MR. NESTOR M. MAGHANOY MEMBER (PRIVATE SECTOR, INITAO) MR. EUSEBIO S. WASLO MEMBER (PRIVATE SECTOR, INITAO) MR. GODOFREDO M. ABROGUENA MEMBER (MUNICIPAL ASSESSOR, JASAAN) MR. SANCHO LORCHA MEMBER (PRIVATE SECTOR, JASAAN) MR. RESTY SG. MENDOZA MEMBER (PRIVATE SECTOR, JASAAN) MR. RUSTOM B. PACAWALAN MEMBER (MUNICIPAL ASSESSOR, LAGUINDIN) MR. RUBEN A. REYES MEMBER (PRIVATE SECTOR, LAGUINDIN) MR. DELFIN T. BALACUIT MEMBER (PRIVATE SECTOR, LAGUINDIN) MR. SERGIO A. JACALAN MEMBER (MUNICIPAL ASSESSOR, LIBERTAD) MR. VICTOR A. SOFOCADO MEMBER (PRIVATE SECTOR, LIBERTAD) MR. JUSTINO E. TOBIAS MEMBER (PRIVATE SECTOR, LIBERTAD) MR. ACQUIN J. BULALHOG MEMBER (MUNICIPAL ASSESSOR, LUGAIT) MR. REYES M. ROA MEMBER (PRIVATE SECTOR, LUGAIT) MR. ULPIANO D. DUROG MEMBER (PRIVATE SECTOR, LUGAIT) MS. ELENA U. CASTILLO MEMBER (MUNICIPAL ASSESSOR, MANTICAO) MR. ALEJANDRO D. UY, SR. MEMBER (PRIVATE SECTOR, MANTICAO) MS. BETTY P. GAMOLO MEMBER (PRIVATE SECTOR, MANTICAO) MR. DANTE T. MAGHUYOP MEMBER (MUNICIPAL ASSESSOR, NAAWAN) MR. ALLAN D. UBAY-UBAY MEMBER (PRIVATE SECTOR, NAAWAN) MS. AUSTRIA D. RATUNIL MEMBER (PRIVATE SECTOR, NAAWAN) MS. FELY Y. OBSIONA MEMBER (MUNICIPAL ASSESSOR, OPOL) MR. MANUEL ACTUB MEMBER (PRIVATE SECTOR, OPOL) MR. SALVADOR VACALARES MEMBER (PRIVATE SECTOR, OPOL) MS. ZENAIDA BULLECER MEMBER (MUNICIPAL ASSESSOR, TAGOLOAN) ENGR. HECTOR GUANGCO MEMBER (PRIVATE SECTOR, TAGOLOAN) MR. LIZARDO YAP MEMBER (PRIVATE SECTOR, TAGOLOAN) MR. JONATHAN OLANO MEMBER (MUNICIPAL ASSESSOR, VILLANUEVA) MR. EMMANUEL RAMOS MEMBER (PRIVATE SECTOR, VILLANUEVA) MR. TEOFILO REDULLA MEMBER (PRIVATE SECTOR, VILLANUEVA) CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO NO. 98 CAGAYAN DE ORO 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. 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. LibLex 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 (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 SOCIALIZED 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.