Period and Increase of Real Property Tax Assessments
Republic Act No. 6614, approved on October 23, 1972, establishes regulations for the assessment of real property for taxation in the Philippines. It mandates that no revised assessments can occur within five years of the last assessment, and sets specific limits on the percentage increase or decrease in assessed values based on property type. Commercial and industrial lots can be adjusted by up to 25%, while agricultural and residential lots have lower thresholds depending on occupancy status. The Act also states that any conflicting laws or ordinances are repealed and takes effect upon approval.
Law Information
- Reference Number
- Republic Act No. 6614
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 23, 1972
REPUBLIC ACT NO. 6614
AN ACT TO PROVIDE FOR THE PERIOD AND INCREASE OF ASSESSMENTS OF REAL PROPERTY FOR TAXATION PURPOSES
SECTION 1. Any provision of law or city charter to the contrary notwithstanding, no revised assessment of real estate for taxation purposes shall be made within five years from the last preceding assessment, and no increase or decrease of assessment at any one time shall be more than twenty-five per centum in the case of commercial and industrial lots; fifteen per centum in case of agricultural and residential lots not actually occupied by the owner and ten per centum in case of residential lots actually occupied by the owner, of the last preceding assessed value: Provided, That the limitations herein shall not apply if by reason of public improvements the nature of the real estate has been changed from rural to urban or from residential to commercial and industrial site: Provided, further, That the corresponding provincial or city assessor shall undertake the revision of assessments every five years.
SECTION 2. All laws, Acts, parts of Acts, city charters, ordinances and resolutions which are inconsistent with this Act are hereby repealed.
SECTION 3. This Act shall take effect upon its approval.
Approved: October 23, 1972
Published in the Official Gazette, Vol. 69, No. 8, p. 1478 on February 19, 1973
Cite This Law
Period and Increase of Real Property Tax Assessments, Republic Act No. 6614, Oct 23, 1972 (Philippines)
Period and Increase of Real Property Tax Assessments, Republic Act No. 6614 (Phil. 1972)
Related Laws
- Revision and Correction of Land-Tax AssessmentsAct No. 2238 • Feb 11, 1913 • Statutes
- Non-Inclusion of Machinery in Assessment of, and Tax on, Real and Personal PropertyAct No. 2197 • Dec 4, 1912 • Statutes
- Creation of Advance Fund to Finance General Revision of Real Property AssessmentsRepublic Act No. 78 • Oct 21, 1946 • Statutes
- Partial Revision of Assessments Upon Real Estate in Municipalities Outside City of ManilaAct No. 582 • Jan 8, 1903 • Statutes
- Apportionment of Gross Proceeds of Real Property Tax on Machineries Used in Sugar Centrals, etc.Commonwealth Act No. 669 • Jun 22, 1941 • Statutes
- Extending the Period for the General Revision of Real Property Assessments for 1978Presidential Decree No. 1384 • May 25, 1978 • Presidential Issuances
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