MISCELLANEOUS PROVISIONS

1. A 100% base value per square meter on residential and commercial lands shall be applied
to within the first strip fronting roads or streets. Lands beyond the standard depth or 20m
for residential shall be valued as follows:

For 2nd strip --- 80% of the unit value

For 3rd strip --- 60 % of the unit value
For 4th strip --- 50% of the unit value
For 5th strip and the remaining portion – shall not be less than 40% of the unit base
value.

2. In case of a parcel of land abutting two parallel streets or roads with different unit base
value, the stripping and valuation thereof shall be based on the street or road with the
higher base value but in no case that the portion abutting the other street or road be lower
than the unit base value of that street or road.

3. Corner influence shall be valued on the basis of the higher unit base value of any
residential streets or roads where it is located with additional 26% of the value
corresponding to the first strip of residential land.

4. The adjustment value for frontage shall be added to the valuation of all commercial lots
fronting streets or roads. The same is applied by multiplying the length of frontage of the
subject property in linear meter by 50% of the unit base value.

5. Elevated land with panoramic view shall be valued on the basis of the unit base value of
residential and commercial land where it is located with additional 52% to the unit base
value.

6. For abnormally low and sunken areas including those that are prone to destruction,
economic obsolescence, natural and man-made calamities, a reduction from the market
value may be allowed in the amount equivalent to the cost of filling and other forms of
rehabilitation: Provided, however, that the total amount of reduction shall be 11% of the
unit value.

7. A reduction from the base unit value may be allowed which shall not exceed 30% of the
value of the land may be applied to abnormally low urban lands subject to appraisal if it
were normally filled or leveled.

8. The schedule of market values for beach and forest resort shall include but not limited to
lands that are actually used or developed as resorts but also those land or parcels which
have undergone unusual and extraordinary high sales value owing to the high potential
for development into beach or forest resorts.

9. Residential subdivision shall be classified according to the degree or extent of the

development and facilities regardless of its location or its distance from the trading center
of the municipality. Its base market value may be independently established based on the
sales analysis of the individual or subdivided lots therein. The unit value thereof shall not
in any circumstance be less than the adjoining lands.
 10. Final value of agricultural lands is derived from the total base market value multiplied to
the corresponding percentage of adjustments as follows:
A. Type of Roads

a) Along concrete/asphalted provincial

or national highways
b) Along non-concrete/asphalted
provincial or national roads
c) Along all weather roads
d) Along dirt roads
e) For no road outlet
plus 12% added to the market value
plus 5% added to the market value
No Deduction
5% deduction to the market value
12% deduction to the market value

B. Type of Location

Distance in Km to (a) All Weather Road (b) Local Trading Center

(Poblacion)
0 to 2 0 plus 15%
Over 2 to 5 less 2% plus 8%
Over 5 to 9 less 4% 0
Over 9 to 14 less 6% less 4%
Over 14 to 20 less 8% less 7%
Over 20 less 10% less 12%

11. For its classification as not an ordinary agricultural lands, the adjustment factors herein
provided is not applicable to pearl culture farms and other similar aquatic agricultural
lands.

12. In case of island barangays where there are no road networks, the shorelines may be
made as basis for the application of the adjustment factors herein prescribed in lieu of
roads or streets.

13. Agricultural lands owned by a taxable person traversed by an irrigation canal operated by
government or by the National Irrigation Administration or it was used as public street or
road shall be zero valued.

14. Irrigated rice land where water supply is derived from an irrigation pump shall be valued
with a 5% deduction to its market value. However, the 5% deduction is applicable only
when such irrigation pump is owned privately or communally by land owners. Said
deduction is not applicable to an irrigation pump owned and operated by government or
any of its instrumentalities, government owned and controlled corporations, or by any
private corporations.

15. Kinds of land not specified in the Schedule of Market Values for Agricultural Lands shall
be valued with the Schedule of Base Market Values for Unlisted Agricultural Lands in
the Province.

16. Industrial lands shall be valued the same as that of the standard depth applicable to
commercial lands due to want of sales data. The market value per square meter is
germane to commercial lands across the province.
17. Building shall be generally classified and valued in accordance to its structural design
regardless of its actual use. Individual property adjustment shall be applied consistently.

18. Other structural types of building not specified under the Schedule of Base Unit Cost for
Buildings and other Structures shall be valued by means of the Independent Schedule of
Market Values. In case of buildings, machinery and other structures covered by existing
assessment, the Reproduction or Replacement Cost New Less Depreciation Approach
shall be applied.

19. The appraisal of machinery shall be based on its actual cost at the time of its acquisition
which include freight, insurance, bank and other charges, brokerage arrastre and
handling, duties and taxes in case of an imported machinery. The cost of inland
transportation, handling and installation charges at the present site are likewise included.

20. Depreciation allowance of a building shall be valued by means of the straight line method
taking into consideration the integrity and lifespan of the structure. Depreciation
allowance for machinery shall be valued at a rate not exceeding 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 20% of such original, replacement, or reproduction cost for as long as the machinery
is useful and in operation.

21. The value adjustment based on the factors not specifically herein provided such as but not
limited to shape, topography, and blighted status of the lands affecting property value,
shall be applied.

22. All lands, buildings, machinery that are actually, directly and exclusively used for
educational purposes shall be classified as special class and shall be valued at 10%
assessment level.

23. The classification, appraisal and assessment of real property for taxation purposes, shall
be governed by the provisions of RA 7160 or the Local Government code of 1991 and its
Implementing Rules and Regulations and other existing assessment and appraisal rules
and regulations issued by the Department of Finance thru the Bureau of Local
Government Finance and the Sangguniang Panlalawigan.