Amending RMO No. 56-89 regarding procedures in the establishment of zonal values of real properties within the jurisdiction of the Revenue District Offices at the Sub-Technical Committee level

September 1, 1994 REVENUE MEMORANDUM ORDER NO. 56-94 SUBJECT : Amending RMO No. 56-89 Regarding Procedures in the Establishment of Zonal Values of Real Properties Within the Jurisdiction of the Revenue District Offices at the Sub-Technical Committee Level TO : All Internal Revenue Officers and Others Concerned I. OBJECTIVES: In line with the devolution of majority of the operational functions and responsibilities to the Regional and District Offices, this Order amends RMO No. 56-89 dated October 24, 1989 regarding procedures in the establishment of zonal values of real properties within the jurisdiction of the Revenue District Offices at the Sub-Technical Committee level. cd II. B. Public hearing/Notice to the Public Section B, paragraph 1 of RMO No. 56-89 is hereby amended to read as follows: 1. A public hearing shall be held with the following in attendance: (a) Revenue Regional Director, (b) Chairman and members of STCRPV, (c) representatives of the TCRPV, and (d) representatives of the Secretariat of the TCRPV. The public hearing shall be given wide publicity in newspapers of general circulation, radio and television. The Revenue District Officer concerned shall likewise disseminate the information by preparing notices of the hearing to be posted in strategic places and letters of invitation for local officials, associations of realtors/appraisers and other civic organizations. aisa dc 2. Notice to the Public - In the municipalities where a public hearing is not feasible, notice to the public regarding the recommended zonal values shall instead be made through the Municipal and Barangay Officials thereat, by posting the said proposed zonal values in public places within the municipality for thirty (30) days and/or weekly publication in local newspapers of general circulation for three (3) consecutive weeks. If no comment/objection is received within the said period, the schedule of values shall be forwarded to the TCRPV and ECRPV and to the Secretary of Finance for final approval. C. Effectivity of Approved Zonal Values b) Upon issuance of the Department Order approving the schedule of zonal values of real properties, said values shall be published in the Official Gazette or any newspaper of general circulation, and shall take effect after fifteen (15) days following the date of publication. aisa dc D. Amendatory Provision This Order amends RMO No. 56-89 and all other issuances inconsistent herewith. E. Effectivity This Order takes effect immediately. LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue