DAVAO
DEL NORTE, November 19 (PIA) - - - Assessors in the province will implement a
new schedule of market values of real properties starting 2015.
Engr.
Joyce Gualberto, provincial assessor, revealed earlier today at Big8 Corporate
hotel during the Seminar Workshop on the conduct of Real Property Tax
Assessment (RPTA) that an average of 10-15% increase in the market values of
real properties will take effect for the period of 2015-2017.
She
said that this was in line with the joint memorandum circular of the Department
of Interior and Local Government (DILG) and the Bureau of Local Government
Finance (BLGF) enjoining all local government units to prepare schedule of market
values (SMV) and conduct general revision of property assessment.
The
provincial assessor said that new schedule of market values and general
revision of property assessment were conducted every three years.
“Consequently,
the province will have also an increase in taxable valuation of 15%, which is
now pegged at P 6.680-billion as of October 2014,” Gualberto revealed.
She
added that the figure excludes the component cities of the province, which has
a separate taxable valuation being devolved to the respective government units.
Gualberto
also disclosed that among the eight municipalities in the province, Sto. Tomas
topped with the highest taxable value of P 1.94-billion; while Carmen and
Kapalong came in next respectively with P 1.17-billion and P 1.14-billion
taxable values.
The
seminar workshop was conducted by the provincial assessor’s office in two
batches from November 17 to 19, which covered the barangay officials in Batch 1
and municipal assessors in Batch 2.
“This
workshop aims to create a uniform application of the schedule of market values
and revision of the property assessment of real properties,” she said.
Gualberto
also urged the barangays officials to assist their municipal assessor’s office
in the assessment of real properties. (PIA 11, Michael Uy)
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