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Schedule of
Fair Market
Value for
General
Revision
2017
City Assessor’s Office,
General Santos City
26 May 2017
LEONARDO D. DINOPOL
City Assessor
26 May 2017
SCHEDULE OF MARKET VALUE
SCHEDULE OF MARKET VALUE
Section 1. Title , 5
Page 3 of 72
SCHEDULE OF MARKET VALUE
Section 10. Schedule of Base Unit Market Value for Agricultural Plant, 57
Section 13. Schedule of Base Unit Construction Cost for Buildings and Other Structures, 59
Section 14. Schedule of Unit Cost for Extra Items as Component Parts of Buildings, 60
Page 4 of 72
SCHEDULE OF MARKET VALUE
WHEREAS, Section 201 of Republic Act No. 7160, otherwise known as the Local Government Code of 1991,
as amended provides that “all real property, whether taxable or exempt, shall be appraised at the current and fair
market value prevailing in the locality where the property is situated xxx”;
WHEREAS, Section 219 of the same Code as amended provides, “xxx city or municipal assessor shall
undertake a general revision of real property assessment within two (2) years after the effectivity of this Code and
every three (3) years, thereafter”;
WHEREAS, DILG AND DOF, Joint Memorandum Circular No. 2010-201 dated October 20, 2010 enjoins Local
Government Units (LGUs) to implement Section 219 (General Revision of Assessments and Property Classification)
of the Local Government Code of 1991 regarding the revision of property assessments and classifications;
WHEREAS, the Commission on Audit in its 2015 Audit Report recommended that the City Assessor initiate the
preparation of the Schedule of Fair Market Values for the different classes of real property for the enactment of
Ordinance by the Sangguniang Panlungsod which is necessary in the undertaking of the general revision of real
property assessments;
WHEREAS, the City Internal Audit Services also recommended that the City Assessor initiate the preparation
of the Schedule of Fair Market Values for the different classes of real property for the enactment of Ordinance by the
Sangguniang Panlungsod which is necessary in the undertaking of the general revision of real property assessments;
WHEREAS, the last Schedule of Market Values (SMV) for lands, building and other structures for purposes of
General Revision of Assessments was approved by the Sangguniang Panlungsod on December 29, 1995, now
rendering the values therein outdated and no longer reflective of the prevailing market price in the city’s jurisdiction.
And in the absence of the mandatory updating of SFMV as provided by law, it deprived the City Government the much
needed increase in revenue collection that can finance the city’s various programs and projects towards the betterment
of the city and the constituents;
WHEREAS, Section 212 of the same Code provides further that “before any general revision of property
assessment is made, there shall be prepared a Schedule of Fair Market Values by the provincial, city or municipal
assessor of the municipalities within Metro Manila for the different classes of real property situated in their respective
local government units for enactment by an ordinance of the Sanggunian concerned xxx”.
WHEREAS, to reflect the true levels, updates of classification of real properties, discover new properties or
discover “lost” properties from the assessment roll and to correct erroneous entries and duplication in the real property
database, thus, the need to revise the fair market values;
WHEREAS, to support the rapid growth and development of the city in terms of infrastructures and props the
delivery of basic services for a highly urbanized city, it is necessary to generate more revenues from the collection of
real property tax.
NOW, THEREFORE,
Section 1. Title. This Ordinance shall be known as the General Revision of Real Property Assessments Ordinance
of 2017.
Section 2. Definition of Terms. The terms used herein shall mean as defined under Section 199 and other pertinent
provisions of the Local Government Code, pertinent Circulars, Rules and Regulations issued by the DOF.
Page 5 of 72
SCHEDULE OF MARKET VALUE
Definition of Terms. –
Acquisition cost - generally refers to the cost of purchasing an item or property. In reference to Plant, Machinery of
Equipment for newly acquired machinery not yet depreciated and appraised within the year of its purchase,
it refers to the actual cost of the machinery to its present owner, plus the cost of transportation, handling and
installation at the present site. The cost may also include freight and insurance charges, brokerage, customs
duties and taxes.
Actual use - refers to the purpose which the property is principally or predominantly utilized by the owner in possession
thereof. For RPT purposes, Actual Use should not be construed as a limiting factor in the basis for classifying
and valuating the property, but as a determining factor in establishing the assessment level in order to set
the taxable value.
Ad Valorem Tax - is a levy on real property determined on the basis of a fixed proportion of the value of the property.
Agricultural building - designed and constructed to house farm implements, hay, grain, poultry, livestock or other
horticultural products. This structure shall not be a place of human habitation or a place of employment
where agricultural products are processed, treated or packaged; nor shall it be used by the public.
Agricultural land - is land devoted principally to the planting of trees, raising of crops, livestock and poultry, dairying,
salt making, inland fishing and similar aqua culture activities, and other agricultural activities and is not
classified as mineral, timber, residential, commercial or industrial land.
Appraisal - is the act or process of determining the value of property as of a specific date for a specific purpose. It is
an estimate or opinion of value, usually market value or value as defined by the appraiser. It is made as of
a specific date and is a conclusion which results from a logical and orderly analysis of facts.
Assessed Value - a value which is based upon definitions contained within applicable laws relating to the assessment,
rating, and/or taxation of the property. It is the market value of the real property multiplied by the assessment
level. It is synonymous to taxable value.
Assessment - is the act or process of determining the value of a property, or proportion thereof subject to tax, including
the discovery, listing, classification, and appraisal of properties. It also refers to the act of determining the
true and correct amount of taxes, fees, charges and other impositions due from a person based on the
pertinent provisions as provided for in this Code.
Assessment level - is the percentage applied to the fair market value to determine the taxable value of the property.
Commercial Land - is land set aside or devoted principally for the object of profit and is not classified as agricultural,
industrial, mineral, timber, or residential land.
Cost Approach – one of the approaches to value commonly applied in Market Value estimates and many other
valuation situations. Cost Approach is also known as ‘Replacement Cost’ or ‘Reproduction Cost’ less
depreciation, and sometimes the ‘Contractor’s Method’.
It is a comparative approach to the value of property or asset that considers as a substitute for the purchase
of a given property, the possibility of constructing another property that is an equivalent to the original or one
that could furnish equal utility with no undue cost resulting from delay.
Depreciation - in the context of asset valuation, depreciation refers to the adjustments made to the cost of reproducing
or replacing the asset to reflect physical deterioration and functional (technical) and economic (external)
obsolescence in order to estimate the value of the asset in a hypothetical exchange in the market when there
is no direct sales evidence available.
It is the total loss of drop in the value of the asset (usually a building or other improvement) from new as a result of
physical deterioration and/or obsolescence.
Depreciated Value - is the value remaining after deducting depreciation from the acquisition cost.
Economic Life - is the estimated period over which it is anticipated that a building or machinery may be profitably
utilized.
Page 6 of 72
SCHEDULE OF MARKET VALUE
Idle Lands - For purposes of real property taxation, idle lands shall include:
a. Agricultural lands - more than one (1) hectare in area, suitable for cultivation, dairying, inland fishery, and
other agricultural uses, one-half (1/2) of which remains uncultivated or unimproved by the owner of the
property or person having legal interest therein notwithstanding if the property is fully fenced. Agricultural
lands planted to permanent or perennial crops with at least fifty (50) trees to a hectare shall not be
considered idle lands. Lands actually used for grazing purposes shall likewise not be considered idle
land.
b. Lands, other than agricultural, located in a city, municipality more than one thousand (1,000) square
meters in area one-half (1/2) of which remains unutilized or unimproved by the owner of the property or
person having legal interest therein.
c. Regardless of land area, idle lands shall apply to residential lots in subdivisions duly approved by proper
authorities, the ownership of which has been transferred to individual owners, who shall be liable for
additional tax on idle lands. Provided, however, that individual lots of such subdivisions, the ownership
of which has not been transferred to the buyer shall be considered as part of the subdivision, and shall
be subject to the additional tax on idle lands payable by subdivision owner or operator.
Improvement – buildings, structures, or some modifications to land, of a permanent nature, involving expenditures of
labor and capital, intended to enhance the value or utility of the property. Improvements have differing
patterns of use and economic lives. It is a valuable addition made to a property or an amelioration in its
condition, amounting to more than a mere repair or replacement of parts involving capital expenditures and
labor which is intended to enhance its value, beauty or utility to adapt it for new or further purposes. The
benefits of the improvements should not have expired at the time of the valuation.
Improvements can be considered as visible improvements (buildings and other structures, roads, footpaths
etc.) and invisible improvements (such as drainage, landscaping or other input of labor and material that
merges with the land).
Industrial land - is land devoted principally to industrial activity as capital investment and is not classified as agricultural,
commercial, timber, mineral or residential land.
Land - the earth’s surface, theoretically land can include the space beneath the surface which extends to the center
of the earth, and the space above which extends to the sky. Valuation of land as if vacant, and of land and
improvements to or on the land, is an economic concept. Whether vacant or improved, land is also referred
to as real estate. The ownership of land and the rights attached to the ownership are subject to the laws of
a particular country.
Land Use - refers to the manner of utilization of land, including its allocation, development and management.
Machinery - embraces machines, equipment, mechanical, contrivances, instruments, appliances or apparatus which
may or may not be attached, permanently or temporarily, to the real property. It includes the physical facilities,
those which are mobile, self-powered or self-propelled, and those not permanently attached to the real
property which are actually, directly and exclusively used to meet the needs of a particular industry, business
or activity and which by their very nature and purpose are designed for, or necessary to its manufacturing,
mining, logging, commercial, industrial or agricultural purposes, without which such industry or facility cannot
function.
Market Value - the estimated amount for which a property should exchange on the date of valuation between a willing
buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each
acted knowledgeably, prudently, and without compulsion.
Mineral Lands - are lands in which minerals, metallic or non-metallic, exist in sufficient quantity or grade to justify the
necessary expenditures to extract and utilize such materials.
Plant, Machinery and Equipment - tangible assets, other than realty, that are held by an entity for use in the production
or supply of goods and services, for rental to others, or for administrative purposes; and are expected to be
used over a period of time.
Page 7 of 72
SCHEDULE OF MARKET VALUE
The category of plant, machinery and equipment are:
Plant - Assets that are inextricably combined with others and that may include specialized buildings,
machinery and equipment.
Machinery - Individual machines or a collection of machines. A machine is an apparatus used for a specific
process in connection with the operation of the entity.
Equipment - Other assets that are used to assist the operation of the enterprise or entity.
Private Land - are those belonging to private persons with complete titles as well as those lands claimed by bonafide
holder, claimant or occupant with imperfect title.
Public Land - is the portion of public domain to which title is still vested in the Government.
Real Estate - land and all things that are a natural part of the land, e.g., trees and minerals, as well as all things that
are attached by people, e.g., buildings and site improvements. All permanent building attached such as
plumbing, heating and cooling systems; electrical wiring; and built-in items like elevators, or lifts, are also
part of the real estate in general terms, although elevators may be assessed separately for RPT purposes.
Real estate includes all attachments, both below and above the ground.
Real Property - all the rights, interests and benefits related to the ownership of real estate. Real property is a legal
concept distinct from real estate, which is the physical asset.
Reassessment - is the assigning of new assessed values to property, particularly real estate, as the result of a general,
partial, or individual re-appraisal of the property.
Remaining Economic Life - is the period of time expressed in years from the date of appraisal to the date when the
machinery or building/improvement becomes valueless.
Remaining Value - is the value corresponding to the useful remaining life of an asset, commonly used in regard to the
machinery.
Replacement Cost (New) - a replacement cost estimate envisions constructing a structure of comparable utility,
employing the design and materials that are currently used in the market. The current cost of a similar new
item having the nearest equivalent utility as the item being appraised. The cost of replacing an asset with
an equally satisfactory substitute asset; normally derived from the current acquisition cost of a similar asset,
new or used, or of an equivalent productive capacity or service potential. Replacement cost assumes the
use of modern materials, techniques and designs.
Residual Value - the estimated amount that an entity would currently obtain from disposal of an asset, after deducting
the estimated cost of disposal, if the asset were already of the age and in the condition expected at the end
of its useful life. The net amount which the entity expects to obtain for an asset at the end of a prescribed
period of time (in this definition residual value is similar to scarp value).
In very general use, residual value can refer to the value of a component of a property after the value of all
other components making up the whole, are removed.
Rural Barangay - Barangay with low population density and small settlements and where Agricultural Land is common.
Sales Comparison Approach – a comparative approach to value that considers the sales of similar or substitute
properties and related market data, and establishes a value estimate by processes involving comparison. In
general, a property being valued (the subject property) is compared with sales of similar properties that have
been transacted in the market. Listings and offerings may also be considered.
A general way of estimating a value indication for personal property or an ownership interest in personal
property, using one or more methods that compare the subject to similar properties or to ownership interests
in similar properties. This approach to the valuation of personal property is dependent upon the Valuer’s
market knowledge and experience as well as recorded data on comparable items.
Page 8 of 72
SCHEDULE OF MARKET VALUE
Schedule of Market Values (SMV) - refers to a table of market values of real properties within a local government unit
prepared by assessor pursuant to existing laws, rules and regulations.
Special Purpose Properties - a property that is rarely, if ever, sold in the market, except by way of sale of business or
entity of which it is part, due to uniqueness arising from its special nature and design, its configuration, size,
location, or otherwise.
Tax - means an enforced contribution, usually monetary in form, levied by the law-making body on person and property
subject to its jurisdiction for the precise purpose of supporting government needs.
Urban Barangay - Barangays with high population density and vast human features in comparison to Rural Barangays.
Section 3. Schedule of Assessment and Related Fees. The imposition of assessment and related fees to be applied
shall be as follows:
b) In excess of long size bond paper (or portion thereof) per page 100.00
Certified Copy of Tax Map, Tax Map Control Roll (per page) 100.00
Assignment of Property Index Number (PIN) in Business Permit (per PIN) 50.00
Page 9 of 72
SCHEDULE OF MARKET VALUE
Secretary’s Fee for the transfer of tax declaration to new owner other than during General
100.00
Revision (per tax declaration)
Secretarial Fees for verification of any official document or entry in any Assessment file or
any supporting document or entry thereon, exclusive of certification fee:
Certification and authentication not covered by any rules (per page) 100.00
The fees imposed under this Ordinance shall accrue to a Special Assessment Fund for the expenditures
and upkeep of real property tax records, tax maps, IT equipments and personnel of the City Assessor’s Office.
Disbursements from this shall be made after approval of the Sangguniang Panlungsod and the City Mayor of the
corresponding Work and Financial Plan.
Page 10 of 72
SCHEDULE OF MARKET VALUE
Section 5.Fair Market Values. The Schedule of Fair Market Values of the following classes and subclasses of real
property shall be as follows:
Pursuant to Section 212 of Republic Act No. 7160, otherwise known as the Local Government Code of 1991 and
its Implementing Rules and Regulations, the following Schedule of Fair Market Values (Schedule of Base Unit Market Values
for Lands and Schedule of Base Unit Construction Cost for Buildings and other Structures) are hereby prescribed as the basis
for the classification , appraisal and assessment of real properties located in the City of General Santos, in connection with
the 2017 General Revision of Real Property Assessment and Classification mandated under Section 219 of the same code.
1) DADIANGAS EAST
Roxas Avenue
All lots from Osmeña Street going N to Donato Quinto 16,000.00 3,000.00 C2
Street
Santiago Boulevard
Osmeña Street
2nd lot from intersection with Roxas Avenue going E to 16,000.00 1,300.00 C2
intersection with Quirino Avenue
2nd lot from intersection with Quirino Avenue going E to 6,700.00 1,100.00 R1
E. Rodriguez Street (Waling-Waling Street)
Quirino Avenue
2nd lot from J.P. Laurel Street going S to Osmeña Street 12,000.00 1,100.00 C3
2nd lot from intersection with Roxas Avenue going E to 16,000.00 3,000.00 C2
Casquejo Street (Ilang-Ilang Street)
National Highway
Sampaguita Street
2nd lot from intersection with Donato Quinto Street 5,000.00 700.00 R2
(Rambutan Street) going S to 2nd lot from Artemio
Ramos Street (Lapu-Lapu Street) except lots abutting
Laurel Avenue
Page 11 of 72
SCHEDULE OF MARKET VALUE
2nd lot from intersection with National Highway going 5,000.00 700.00 R2
S to 2nd lot from Osmeña Street and lots from Zapote
Street and Artemio Ramos Street (Lapu-Lapu Street)
except lots abutting Laurel Avenue
Camias Street
2nd lot from intersection with Artemio Ramos Street 5,000.00 900.00 R2
(Lapu-Lapu Street) going S to 2nd lot from Osmeña
Street
2nd lot from intersection with Casquejo Street (Lapu- 5,000.00 700.00 R2
Lapu) Street going W to 2nd lot from Clarisa Street
Champaca Street) except lots abutting Camias Street
Which are classified higher
Camachili Street
2nd lot from intersection with Casquejo Street (Ilang- 5,000.00 700.00 R2
Ilang Street) going W to 2nd lot from Clarisa Street
Champaca Street) except lots abutting Camias Street
2nd lot from Roxas Avenue going E to Casquejo Street 8,900.00 1,000.00 C4
(Ilang-Ilang Street) except lots abutting Quirino Street
Sineguelas Street
2nd lot from intersection with Laurel Street going S to 5,000.00 900.00 R2
2nd lot from Camias Street except lots abutting Zapote
Street
Kasoy Street
2nd lot from intersection with Quirino Avenue going W to 5,000.00 900.00 R2
2nd lot from Clarisa Street (Champaca Street)
Zapote Street
2nd lot from intersection with Roxas Avenue going E to 5,000.00 900.00 R2
2nd lot from Quirino Avenue
2nd lot from Quirino Avenue going E to Siniguelas Street 5,000.00 900.00 R2
Page 12 of 72
SCHEDULE OF MARKET VALUE
Camia Street
2nd lot from Clarisa Street (Champaca Street) going E to 5,000.00 900.00 R2
2nd lot from Quirino Avenue
2nd lot from Quirino Avenue going E to 2nd lot from 5,000.00 900.00 R2
Casquejo Street (Ilang-Ilang Street)
2) DADIANGAS WEST
Pendatun Avenue
Magsaysay Avenue
Pioneer Avenue
P. Acharon Boulevard
Daproza Avenue
Sampaloc Street
2nd lot from Daproza Avenue going SE to 2nd lot from 5,000.00 900.00 R2
intersection with Quezon Avenue
2nd lot from Quezon Avenue going E to 2nd lot from 6,700.00 900.00 C5
Lukban Street
2nd lot from Atis Street going NW to 2nd lot from 12,000.00 1,000.00 C3
Daproza Avenue
Page 13 of 72
SCHEDULE OF MARKET VALUE
Lukban Street
Papaya Street
Anonas Street
Bulaong Avenue
Cahilsot Street
Darimco Street
2nd lot from GSC Park going W to Cahilsot Street 3,700.00 500.00 R3
Purok San Roque (Calubian), Purok San Roque (Talipapa) 1,900.00 500.00 R5
Purok Fatima, Purok Sta. Cruz, Purok San Juan and
Purok San Vicente Ferrer
Page 14 of 72
SCHEDULE OF MARKET VALUE
3) DADIANGAS NORTH
Pendatun Avenue
Daproza Avenue
National Highway
Manga Street
Macopa Street
Bayabas Street
Mangustan Street
Page 15 of 72
SCHEDULE OF MARKET VALUE
Lanzones Street
Pili Street
2nd lot from intersection with J.P. Laurel Avenue 5,000.00 700.00 R2
going S to Tieza Street
Balagtas Street
Piña Street
2nd lot from Quezon Avenue going E to 2nd lot 5,000.00 900.00 R2
from C.M. Recto Street
Santol Street
From Pili Street going E to 2nd lot from Pendatun 5,000.00 900.00 R2
Avenue except lots abutting Quezon Avenue and
CM Recto Street
Tieza Street
Quezon Avenue
2nd lot from Daproza Avenue going N to 2nd lot 12,000.00 1,100.00 C3
from Laurel Avenue
Bulaong Avenue
All lots within Bario Obrero: Alerta Street, Chico 3,700.00 700.00 R3
Street, Apple Street and Sta. Cruz Street and
Obrero Street except lots abutting National
Highway and Laurel Avenue
Page 16 of 72
SCHEDULE OF MARKET VALUE
4) DADIANGAS SOUTH
Santiago Boulevard
Magsaysay Avenue
2nd lot from Pioneer Avenue going E to 2nd lot 16,000.00 4,000.00 C2
from Santiago Boulevard
P. Acharon Boulevard
Pioneer Avenue
Roxas Avenue
Cagampang Street
2nd lot from Santiago Boulevard going W to 2nd lot 12,000.00 6,000.00 C3
from Mansanitas Street
2nd lot from Mansanitas Street going W to Saging Street 8,900.00 2,000.00 C4
Ferraris Street
Veterans Street
Saging Street
Page 17 of 72
SCHEDULE OF MARKET VALUE
De Dios Street
Osmeña Street
2nd lot from intersection with Roxas Avenue going 16,000.00 1,100.00 C2
E to intersection with Quirino Avenue
2nd lot from intersection with Quirino Avenue going 6,700.00 1,100.00 R1
E to E. Rodriguez Street (Waling-Waling Street)
2nd lot from Narangita Street going N to 2nd lot 5,000.00 900.00 R2
from Artemio Ramos Street (Lapu-Lapu Street)
Naranjita Street
From the intersection with Sra. Dela Paz Street 5,000.00 1,000.00 R2
going E to 2nd lot from Quirino Avenue
2nd lot from Quirino Avenue going E to 2nd lot 5,000.00 1,100.00 R2
from Casquejo Street (Ilang-Ilang Street)
2nd lot from Roxas Avenue going E to 2nd lot 5,000.00 1,000.00 R2
from Quirino Avenue
Marang Street
2nd lot from Quirino Avenue going E to 2nd lot 5,000.00 1,000.00 R2
from Casquejo Street (Ilang-Ilang Street)
Rosas Street
2nd lot from Marang Street going S to 2nd lot 5,000.00 900.00 R2
from Magsaysay Avenue
2nd lot from Marang Street going S to 2nd lot 5,000.00 900.00 R2
from Magsaysay Avenue
Salazar Street
2nd lot from Magsaysay Avenue going N to 2nd lot 5,000.00 1,100.00 R2
from Biateles Street
Page 18 of 72
SCHEDULE OF MARKET VALUE
From junction of Salazar Street going SE to 2nd lot from 5,000.00 1,100.00 R2
Niyog Street
Niyog Street
2nd lot from Magsaysay Avenue going NE to 2nd lot 5,000.00 1,000.00 R2
from intersection with Sra. Dela Paz Street
5) APUPONG
National Highway
Diversion Road
Circumferential Road
Marcos Avenue
Interior lots going NE and S from from Sinawal River bounded 500.00 120.00 R9
by Barangay Fatima
SUBDIVISIONS
Page 19 of 72
SCHEDULE OF MARKET VALUE
Page 20 of 72
SCHEDULE OF MARKET VALUE
6) BALUAN
7) BATOMELONG
8) BUAYAN
SUBDIVISIONS
9) BULA
2nd lot from Santiago Blvd. going E to Bula-Lagao Road 8,900.00 1,800.00 C4
2nd lot from Bula-Lagao Road going E to Bula Parish 6,700.00 1,800.00 C5
Church
Page 21 of 72
SCHEDULE OF MARKET VALUE
Santiago Boulevard
Alunan Street
Alunan Extension
Bula-Lagao Road
All lots within TS-11-000031-D within Zone 2,3,4,5,7 & 9 1,400.00 220.00 R6
SUBDIVISIONS
Page 22 of 72
SCHEDULE OF MARKET VALUE
10) CALUMPANG
National Highway
2nd lot from National Highway going W to BLISS Avenue 5,000.00 280.00 C6
Calumpang Road
2nd lot from National Highway going SE to I Bato then 5,000.00 440.00 C6
going S to NPC
Dole, RD, Pontino et al and lots along shoreline going S to 5,000.00 1,120.00 I2
BarangayTambler boundary
SUBDIVISIONS
Page 23 of 72
SCHEDULE OF MARKET VALUE
National Highway
Aparente Street
2nd lot from National Highway going N to Yumang Street 8,900.00 640.00 C4
Salvani Street
2nd lot from L. Dacera Avenue going E to 2nd lot from 2,600.00 640.00 R4
Leon Llido Street except lots abutting Aparente Street
Yumang Street
2nd lot from Aparente Street going E to Leon Llido Street 2,600.00 240.00 R4
2nd lot from Aparente Street going W to 2nd lot from L. 2,600.00 240.00 R4
Dacera Avenue
2nd lot from L. Dacera Avenue going W to Silway River 1,900.00 240.00 R5
2nd lot from National Highway going N to intersection with 8,900.00 800.00 C4
Yumang Street
Page 24 of 72
SCHEDULE OF MARKET VALUE
SUBDIVISIONS
Page 25 of 72
SCHEDULE OF MARKET VALUE
12) CONEL
Diversion Road
Conel Road
2nd lot from Diversion Road going N to Klaja River 1,400.00 50.00 R5
2nd lot from Diversion Road going N to Barrio Site Road 1,400.00 50.00 R4
of Barangay Mabuhay
Page 26 of 72
SCHEDULE OF MARKET VALUE
13) FATIMA
Circumferential Road
SUBDIVISIONS
Page 27 of 72
SCHEDULE OF MARKET VALUE
14) KATANGAWAN
National Highway
Diversion Road
2nd lot from National Highway going W to Conel Road 2,600.00 120.00 R4
Conel Road
SUBDIVISIONS
15) LABANGAL
National Highway
Page 28 of 72
SCHEDULE OF MARKET VALUE
Makar-Silway Road
SUBDIVISIONS
Page 29 of 72
SCHEDULE OF MARKET VALUE
16) LABAY
17) LAGAO
National Highway
Santiago Boulevard
2nd lot from Santiago Boulevard going E to 2nd lot from J. 26,500.00 800.00 C1
Catolico Sr. Avenue
Arradaza Street
Page 30 of 72
SCHEDULE OF MARKET VALUE
Tiongson Street
Calina Street
2nd lot from Arradaza Street going N to 2nd lot 3,700.00 280.00 R3
from Cabel Street
Cabel Street
Rivera Street
2nd lot from J. Catolico Sr. Avenue going E to Aradaza 3,700.00 320.00 R3
Street
Capareda Street
2nd lot from the intersection with J. Catolico Sr. 3,700.00 320.00 R3
Avenue going SE to Arradaza Street
2nd lot from J. Catolico going NW to 2nd lot from Tiongson 3,700.00 360.00 R3
Street
Natividad Street
Geronimo Street
Ladrera Street
2nd lot from the intersection with Rivera Street 3,700.00 280.00 R3
going E to intersection with Calina Street
Yumang Street
2nd lot from Ladredra Street going S to 2nd lot from 3,700.00 280.00 R3
Arradaza Street
Ardonia Street
Page 31 of 72
SCHEDULE OF MARKET VALUE
2nd lot from Rivera Street going NE to 2nd lot 3,700.00 280.00 R3
from Tiongson Street
Ventilacion Street
2nd lot from Leon Llido going SE to 2nd lot from J. Catolico 3,700.00 320.00 R3
Sr. Avenue
De Dios Street
2nd lot from Tiongson Street going SW to 2nd lot from St. 3,700.00 360.00 R3
Joseph Street
De Vera Street
2nd lot from Tiongson Street going SW to 2nd lot from St. 3,700.00 220.00 R3
Joseph Street
2nd lot from Natividad street going E to 2nd lot from Calina 3,700.00 280.00 R3
Street
Villareal Street
2nd lot from NLSA Avenue going SW to St. Joseph Street 3,700.00 220.00 R3
2nd lot form G. Misa Street going NE to San Pedro Street 3,700.00 320.00 R3
Fernandez Street
From junction with St. Joseph Street going S to 2ndlot 3,700.00 240.00 R3
from National Highway
Royeca Street
2nd lot from Fernandez Street going E to G. Misa Street 3,700.00 640.00 R3
Odi Street
Salinda Street
2nd lot from Tiongson Street going NW to 2nd lot 3,700.00 320.00 R3
from Leon Llido Street
G. Misa Street
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NLSA Avenue
Nursery Road
Sta, Felomina
Conel Road
Lagao-Bula Road
Alunan Extension
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SUBDIVISIONS
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SCHEDULE OF MARKET VALUE
18) LIGAYA
National Highway
2nd lot from National Highway going E to Barrio Site 1,000.00 80.00 R7
SUBDIVISIONS
19) MABUHAY
2nd lot from Diversion Road going N to junction then W to 1,400.00 60.00 R6
junction Barrio Site Road
Diversion Road
2nd lot from Mabuhay-Cannery Road going W then S then 2,600.00 60.00 R4
W to Purok Intake
2nd lot road from Leopoldo Dacera Sr. Avenue going W 1,400.00 60.00 R6
then N to Tampus Property
NGCP Road
2nd lot from Barrio site road going N to NGCP Compound 1,400.00 60.00 R6
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SCHEDULE OF MARKET VALUE
SUBDIVISIONS
20) OLIMPOG
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Aparente Street
Nuñez Street
2nd lot from Aparente Street going W to 2nd lot 3,700.00 220.00 R3
from Mabuhay Road
2nd lot from Mabuhay Road going W to lot before Mateo 1,900.00 130.00 R5
Subdivision and Laiz Property
2nd lot from Aparente Street going E to NLSA Road 2,600.00 220.00 R4
Guinto Street
2nd lot from Mabuhay Road going W to Rebecca Homes 1,900.00 140.00 R5
Mabuhay Road
Yumang Street
2nd lot from Aparente Street going W to 2nd lot 2,600.00 140.00 R4
from Mabuhay-Cannery Road
2nd lot from Aparente going E to Leon Llido Street 2,600.00 220.00 R4
NLSA Avenue
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Diversion Road
Conel Road
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SUBDIVISIONS
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23) SIGUIL
National Highway
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All 2nd lots E of National Highway bounded on the S by 5,000.00 120.00 I-2
RD Fish Hatcheries Inc.
All 2nd lots E of National Highway bounded on the N by 3,700.00 120.00 I-3
RD Fish Hatcheries Inc. and on the S by Siguil River
Residential Lots
SUBDIVISIONS
24) SINAWAL
National Highway
Circumferential Road
Marcos Avenue
2nd lot from National Highway going SW to New Society 1,900.00 50.00 R5
High School
SUBDIVISIONS
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SCHEDULE OF MARKET VALUE
25) TAMBLER
National Highway
2nd lots from National Highway going E to Sarangani Bay 6,700.00 160.00 I-1
Circumferential Road
SUBDIVISIONS
26) TINAGACAN
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Provided that portion of industrial lots exceeding 15 meters from the highway or the sea-shore shall be
appraised at 75% of Base Value along the road.
“All other lots” refers to residential lands categorized under rural barangay with few residential settlements;
structures mostly made of light materials (temporary or makeshift); public water and electricity sources are not
readily available; transportation facilities are exceptionally irregular and predominantly undeveloped.
NOTE:
Under column “Sub-Classification”, the following symbols should be used:
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R3-S1 for 1st Class Subdivision based on the criteria for sub-classification
R5-S2 for 2nd Class Subdivision based on the criteria for sub-classification
R7-S3 for 3rd Class Subdivision based on the criteria for sub-classification
R8-S4 for 4th Class Subdivision based on the criteria for sub-classification
R9-S5 for 5th Class Subdivision based on the criteria for sub-classification
R4-M1 for 1st Class Memorial Park based on the criteria for sub-classification
R7-M2 for 2nd Class Memorial Park based on the criteria for sub-classification
R9-M3 for 3rd Class Memorial Park based on the criteria for sub-classification
R7-G1 for 1st Class Golf Course based on the criteria for sub-classification
R9-G2 for 2nd Class Golf Course based on the criteria for sub-classification
Section 6. Barangay Category. The following are the category of the different barangays in accordance with
topography, population density, existing human features (structures) and dominant actual land use:
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RANK CLASSIFICATION
1 Commercial
2 Industrial
3 Residential
4 Agricultural
Unit Value
Sub-Classification Code
(per square meter)
1st Class C1 26,500.00
nd
2 Class C2 16,000.00
rd
3 Class C3 12,000.00
th
4 Class C4 8,900.00
5th Class C5 6,700.00
th
6 Class C6 5,000.00
1stClass Land
2ndClass Land
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3rdClass Land
4thClass Land
5thClass Land
6thClass Land
Unit Value
Sub-Classification Code
(per square meter)
1st Class I1 6,700.00
nd
2 Class I2 5,000.00
rd
3 Class I3 3,700.00
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1stClass Land
2ndClass Land
3rdClass Land
1stClass Land
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2ndClass Land
3rdClass Land
4thClass Land
b. Along concrete, asphalted or all weathered road located near commercial land;
c. Where public utility transportation facilities are fairly regular towards public trading center,
business trading center or government center;
d. Commands lesser land value than the 3rd Class Residential Land;
e. Classified as 4th Class Residential Land.
5thClass Land
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SCHEDULE OF MARKET VALUE
4. Bula
5. Calumpang
6. City Heights
7. Katangawan
8. Labangal
9. Lagao
10. San Isidro
11. Sinawal
b. Along concrete, asphalted or all weathered road located near 4th Class Residential Land;
c. Commands lesser land value than the 4th Class Residential Land;
d. Classified as 5th Class Residential Land.
6thClass Land
b. Along concrete, asphalted or all weathered road located near 5th Class Residential Land;
c. Commands lesser land value than that of 5th Class Residential Land;
d. Classified as 6th Class Residential Land.
7thClass Land
b. Along all weathered road located near 6th Class Residential Land;
c. Commands lesser land value than the 6th Class Residential Land;
d. Classified as 7th Class Residential Land.
8thClass Land
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9. Mabuhay
10. Siguil
11. Sinawal
12. Tambler
b. Along all weathered road located near 7th Class Residential Land;
c. Includes lots within town site or barrio site;
d. Commands lesser land value than the 7th Class Residential Land;
e. Classified as 8th Class Residential Land.
11thClass Land
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Unit Value
Sub-Classification Code
(per square meter)
1st Class R2-S1 5,000.00
nd
2 Class R3-S2 3,700.00
rd
3 Class R4-S3 2,600.00
th
4 Class R5-S4 1,900.00
5th Class R6-S5 1,400.00
th
6 Class R7-S6 1,000.00
th
7 Class R8-S7 700.00
8th Class R9-S8 500.00
1stClass Land
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Unit Value
Sub-Classification Code
(per square meter)
1st Class R4-M1 2,600.00
nd
2 Class R7-M2 1,000.00
rd
3 Class R9-M3 500.00
1stClass Land
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SCHEDULE OF MARKET VALUE
2ndClass Land
3rdClass Land
a. Undeveloped non-profit
b. Public Cemeteries
Unit Value
Sub-Classification Code
(per square meter)
1st Class R7-G1 1,000.00
nd
2 Class R9-G2 500.00
1stClass Land
2ndClass Land
b. Less developed
AGRICULTURAL LANDS
VALUE PER HECTARE
DESCRIPTION 2017 Existing
Proposed since 1995
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Section 10. Schedule of Base Unit Market Value for Agricultural Plant
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In case a property is situated within an area which is classified as Commercial, Industrial, Residential or
otherwise Non-Agricultural, but is used predominantly (at least 60% of the Total Lot Area) for Agricultural purposes,
the property owner may request the Assessor to compute the applicable FMV thereon based, not on the land’s
classification which shall remain unchanged, but on the type of crop actually planted thereon.
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SCHEDULE OF MARKET VALUE
Section 13. Schedule of Base Unit Construction Cost for Buildings and other Structures (Including Classification of
Building/ Structures and Type of Construction).
1 2 3 4 5
Apartment/
Boarding School
Garage/ Guard
Multiple House/ Building/
Type of House/
One Family Dwelling / Lodging Rehabilitation
Laundry/
Bldg. Dwelling Duplex House/ Center/
Sawmills/
Dwelling Pension Daycare/
Lumber Sheds
House/ Motel/ Health Center
Inn/ Dormitory
I 2,780
6 7 8 9 10
Factory/ Swimming
Warehouse Pool/ Solar
Hotels/ Market/
Building/ Drier/
Type of Hospitals/ Shopping Gasoline
Industrial Container
Banks/ Center/ Station/ Oil
Bldg. Plant/ Church/ Yard/ Irrigation
Restaurants/ Recreational Depot
Theater/ Canal/
Office Building Building
Stadium/ Sewerage
Coliseum Treatment
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11 12 13 14
Piggery/
Poultry/ Fire
Shipyard/
Truck Shed/
Bridge/Pier/ Reclamation
Repair Shop/
Type of Wharf/ Dry Development/
Detention Cell/ Funeral Parlor/
Dock/ Aqua-Culture
Bldg. Feeding Tank/ Mausoleum
Fishport/ Port Development/
Building Shed
Terminal/ Golf Course
Store/ Eatery/
Slipway
Carenderia/
Store
IV 4,850 8,190
II 2,410 4,100
NOTE:
In excess of 1 storey, second storey, multiply 70% of BV, third storey & above multiply 60% of BV, times the floor
area per storey.
Section 14. Schedule of Unit Cost for Extra Items as Component Parts of Buildings
KIND Value/sq. m.
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a) Marble 1,500.00
b) Wash out and other similar finish 675.00
c) Narra and similar panel 1,200.00
6. CEILING
a) Ordinary 350.00
b) Luminous 800.00
c) Narra 1,000.00
11. TERRACE
16. BASEMENT
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Pursuant to Sec. 38, page 25 of Local Assessment Regulation No. 1-92, the following structures/buildings
shall be grouped into the following:
A. RESIDENTIAL BUILDINGS
a. One-family Dwelling
b. Multi-family Dwelling
c. Duplex Dwelling
B. COMMERCIAL BUILDINGS
a. Store
b. Office
c. Bank
d. Theatre
e. Hotel
f. Motel
g. Service Station
h. Public Garage, etc.
C. INDUSTRIAL BUILDING
a. Factory
b. Sawmill
c. Warehouse, etc.
D. FARM HOUSES
a. Barn
b. Poultry
c. Stable
d. Hog House
e. Green House, etc.
For purposes of establishing schedule of base unit construction cost, each type of building (say one-family
dwelling) shall further be grouped in accordance with the kind and quality of material used on the constructions.
Standard base specifications shall then be prepared, defining and describing each types of building as shown in the
sample hereunder:
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Section 16. Types of Buildings. The following types and kinds of buildings are hereby established:
TYPES OF BUILDINGS
Buildings that are fire resistive. The structural elements are of steel, iron, concrete, or
Type V masonry construction. Walls, ceilings, and permanent partitions are of incombustible fire-
resistive construction.
Example: Structural steel reinforced concrete columns, beams, walls, floors and decks. Steel roof
framing with fully finished ceiling.
Buildings of steel, iron, concrete, or masonry construction. Walls, ceilings and permanent
partitions shall be of incombustible fire-resistive construction. Permanent non-bearing
Type IV
partitions of one-hour fire resistive construction may use fire retardant treated wood within
framing assembly.
Example: Structural steel reinforced concrete columns, walls, floor. Wood roof framing with ordinary
ceiling, wooden walls and ceiling joist.
Buildings of masonry and wood construction. Structural elements may be any of the
materials permitted by the National Building Code; Provided that the building shall be one-
Type III
hour fire-resistive throughout. Exterior wall shall be of incombustible fire-resistive
construction.
Example: Mix materials like concrete and wood was used for walls, partition, concrete flooring,
wooden roof framing and ceiling joist.
Buildings of wood construction with protective fire-resistant materials and one-hour fire
Type II resistive throughout. Permanent non-bearing partitions may use fire-retardant treated wood
within the framing assembly.
Example: Wood is the main material used in construction, concrete flooring, wooden partitions,
columns and beams.
Example: Structures that are made of light materials for temporary facilities.
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KINDS OF BUILDINGS
1. Accessoria or Row House – a one-to-four storey building divided into a row or independent units with
independent entrance for each unit and can be utilized as residential or commercial in purpose.
3. Apartelle – type of accommodation described as “a serviced apartelle complex that uses a hotel style booking
system”, with provision for cooking in any individual unit.
4. Apartment Building – designed for dwelling of four or more families living independently of one another and
doing their household chores independently in their particular premises with one or more common entrance.
5. Banks – a place where money is lent or exchanged, or put for safety and/or to acquire interest.
6. Boarding House – a lodging house at which meals may or may not be provided.
8. Carpark Building – a building designed to keep motor vehicles; an area set aside for vehicles where it can be
left temporarily.
10. Clubhouse – a building or area used for social or recreational activities by occupants of an apartment complex,
institutions, village, subdivisions, etc.
13. Coliseum – a large amphitheater for public sports events, entertainment, or assemblies.
14. Container Yard - a place within a port or terminal where containers are stored.
15. Daycare Center - a place, program, or organization that takes care of children or sick adults during the day.
16. Dormitory – a room for sleeping; especially a large room containing numerous beds, a residence hall providing
rooms for individuals or for groups usually without private baths.
17. Dry Dock - a dock that can be kept dry for use during the construction or repairing of ships.
18. Duplex Dwelling – a detached building designed for use by two families living independently from each other.
19. Factory – a building or collection of buildings usually with equipment and machinery for the manufacture of
goods.
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20. Funeral Parlor – a building pertaining to or befitting a funeral; a place where funeral services are rendered.
21. Gasoline Station – a place for the sale of gasoline, oil, services, etc. for motor vehicles.
22. Gymnasium – a building containing appropriate space and equipment for various indoor sports activities
associated with a program of physical education and typically including spectator accommodations, locker
and shower rooms, a swimming pool, offices and classrooms.
24. Health Center – is one of a network of clinics staffed by a group of general practitioners and nurses.
25. Hospital – a building or institution where sick or injured persons are given medical or surgical care.
26. Hotel – a building with more than 15 sleeping rooms usually occupied singly, where transients are provided
with temporary lodging with or without meal and where no provision for cooking in any individual suite.
27. Industrial Building – a building designed for people engaged in any branch of trade, business, production or
manufacture of goods.
28. Irrigation Canal – an artificial open channel for transporting water for crops.
29. Lodging House - a house in which rooms are rented, especially a house other than an inn or hotel; rooming
house.
30. Market – a building where dry and wet goods and commodities especially provisions or livestock are shown
for sale, usually with stalls or booths for the various dealers.
31. Mausoleum – a large stately tomb or a building housing such a tomb or several tombs.
32. Motel – a lodging house with a garage composed of several independent living-sleeping quarters.
33. Office Building – a building mainly used for stores and/or offices.
34. Oil Depot - an industrial facility for the storage of oil and petrochemical products.
35. One Family Dwelling – a detached building for exclusive use by one family.
36. Open Shed – a strongly built, barn-like or hangar-like structure, as for storage, with open front or sides.
37. Pension House - a lodging which is usually and less exquisite and thus more affordable than a hotel.
38. Pier - a structure (as a breakwater) extending into navigable water for use as a landing place or promenade
or to protect or form a harbor.
39. Recreational – a building which houses any form of play, amusement or relaxation, used for this purpose, as
games, sports, hobbies, reading, etc.
40. Rehabilitation Center - a facility providing therapy and training for rehabilitation.
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41. Restaurant – an establishment where refreshments or meals may be procured by public; a public house for
eating.
43. Sewerage Treatment - is the process of removing contaminants from wastewater primarily from
household sewage.
44. Shipyard - a yard, place, or enclosure where ships are built or repaired.
45. Shopping Building – a building where a variety of goods are offered for sale; usually a commercial complex.
46. Stadium – a large, usually open structure for sports events with tiered seating for spectators.
47. Supermarket – a large food store in which shoppers serve themselves from open shelves and pay for their
purchases at the exit.
48. Swimming Pool – an artificially created pool or tank, either indoors or outdoors, designed for swimming.
49. Theater – a building expressly designed where play, operas, motion pictures, etc. are presented.
50. Warehouse – a building mainly used for deposit and storage of goods, wares, etc.
51. Waste Water Treatment Facility –a mechanical or chemical processes used to modify the quality of
wastewater.
52. Wharf - a structure built along or at an angle from the shore of navigable waters so that ships may lie alongside
to receive and discharge cargo and passengers.
53. Workshop – a small establishment where manufacturing or handicrafts are carried on.
Auxiliary improvements such as fences, pavements, etc. which shall be considered appurtenances of the main
building or structure shall be appraised independently, applying the Schedule of Market Values for extra items
(additional components), and the value thereof, shall be added to the value of the main building or structure.
The schedule of BUCC herein prescribed shall be controlling. But when the buildings and other structures to be
appraised are not of the type and kind not herein specified, the same shall be appraised at its current and fair market
value independent of this schedule and shall be assessed for taxation purposes by applying the prescribed assessment
level for such class of property with due regards to its actual use.
As a general rule, the classification, appraisal and assessment of real property for taxation purposes, shall be
governed by the provision of R.A. 7160 and its implementing rules and regulations and the other existing laws and
rules issued by the Department of Finance through the Bureau of Local Government Finance and the Sangguniang
Panlungsod.
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i. The annual depreciation allowance which shall be granted only during the General Revision for buildings
and structures shall be computed on a straight-line method based on the following economic lives:
Depreciation Rate
Economic Life
Per year
1. High Cost Grade Building 2.0 % 50 years
ii. Buildings and structures which are fully depreciated shall be assessed at 20% residual value of the
original cost.
a) For newly assessed buildings and other improvements subject for taxation, the value applied in the
issuance of tax declaration shall be based on the amount indicated in the following, whichever is highest,
to wit:
1. Owner’s declaration;
2. Approved Schedule of Market Value;
3. Building Permit Value;
4. Certificate of Occupancy/Completion Value;
5. Prevailing/Current Materials Cost and Labor Cost as determined by this office based on the Bill
of Materials.
a) The market value of brand new machinery shall be the acquisition cost. In all other cases, the market
value shall be determined by dividing the remaining economic life of the machinery by its estimated
economic life and multiplied by the replacement or reproduction cost.
b) If the machinery is imported, the acquisition cost includes freight, insurance, bank and other charges,
brokerage, arrastre and handling, duties and taxes, plus cost of inland transportation, handling and
installation charges at the present site. The cost in foreign currency of imported machinery shall be
converted to peso cost on the basis of foreign currency exchange rate as fixes by the Central Bank.
c) For newly discovered machineries and equipment subject for taxation, the value applied in the issuance
of tax declaration shall be based on the amount indicated in the following, whichever is highest, to wit:
1. Owner’s declaration;
2. Acquisition cost supported by purchase documents including handling and installation charges
at the present site.
3. Import Entry Declaration, if imported.
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SCHEDULE OF MARKET VALUE
For purposes of assessment, a depreciation allowance shall be made for machinery at a rate not exceeding
five percent (5%) of its original cost or its replacement or reproduction cost, as the case may be, for each year of
use: Provided, however, That the remaining value for all kinds of machinery shall be fixed at not less than twenty
percent (20%) of such original, replacement, or reproduction cost for so long as the machinery is useful and in
operation.
The property owner may request the City Assessor’s Office at any time for a re-valuation of any building,
improvement and/or machinery whose stated Fair Market Value except for annual depreciation [Replacement Cost
New (RCN) net of Depreciation (physical and economic obsolescence)] is deemed no longer reflective of prevailing
market rates or whose observed Effective Age varies significantly from its Actual/Chronological Age.
Pursuant to Sec. 218 of RA 7160, which prescribes the maximum assessment levels, the following
assessment levels are proposed for the different kinds and classes of real properties, viz:
I. LANDS
CLASS Assessment Level
a. Residential 14%
b. Agricultural 12%
c. Commercial 20%
d. Industrial 20%
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The General Revision of Property Classification and Assessment shall commence in the year 2018 and any
increase in real property taxes over that of 1995 level shall be staggered over a seven-year period, viz:
a) In Dadiangas as well as urban lots in General Santos City, the proposed standard depth is 30 meters.
d) Corner Influence - The recommended corner influence shall be 10% added to the base value of the lot where the
higher Schedule of Value of the intersecting streets occurs.
e) Lots convertible to urban lands and that raw lands and without improvements regardless of size based on existing
City Zoning Ordinance shall be classified as others with a Base Value of P57.00/sq.m. or P570,000.00 per hectare
and an assessment level based on actual use.
f) Roads or streets in residential subdivision, unless already donated and turned over to the government shall be
listed separately as taxable in the name of the subdivision owner or individual lot owner whose title is in their
name and shall be valued on the basis of 60% of the schedule of value fixed for the lands in the area. Such roads
or streets shall be assessed at twelve percent (12%) of their appraised value, the computation of which is to be
included in the individual tax of the land owner fronting the street, proportionately.
g) Vacant or idle lands located in purely residential or mixed residential-commercial area shall be classified and
assessed as residential. If such land is located in purely commercial area, the same shall be classified and
assessed as commercial and assessed an additional 20% of 1% idle land tax. In the case of agricultural lands,
the additional idle land tax herein imposed shall be twenty percent of one percent (20% of 1%) of the assessed
value of the land.
h) In the case of agricultural land convertible into urban or subdivision land in the future, it shall be classified and
assessed as agricultural until such time when it shall have been converted and developed into commercial,
industrial or residential subdivision. This rule shall also apply to land already approved as subdivision but has not
as yet been actually developed for the purpose, except where the ownership of each subdivision lot shall have
been transferred in which case the lot shall be appraised at the subdivision rate prevailing in the vicinity with a
70% factor is applied to it if it remains undeveloped. Provided, however, that if any portion of the land has been
improved, then it shall be classified as residential and/or commercial land.
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I) Industrial, Commercial and Residential Foreshore Leases shall be appraised at 50% of the base market value for
the land adjoining the foreshore area.
j) Conformably with Section 15 of the Public Land Law, CA 141 alienable and disposable land even though and
while the titles still remain in the state shall be subject to real property tax, the assessment of which must be in
the name of the City Government. Foreshore, Pasture, and other government lands leased to private individuals
shall be assessed in the name of the City Government pursuant to RA 5412 (Charter of the City).
Provided that all Assessment Regulations of the Department of Finance not inconsistent with the provision of
RA 7160 on Assessment of Real Properties such as Department Order No. 3-74 and others shall form part of this
Office Order No. 01-92.
Provided finally that where a real property is of a kind not found in the schedule of value the same shall be
appraised independently of said schedule.
Enacted by the Sangguniang Panlungsod, City of General Santos in its ______ Regular Sessions on
_________________________.
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