PLOLGT Vol. II

PHYSICAL DESCRIPTION

Size: 6” x 9”
No. of pages: 419
Paper: 60 lbs. bookpaper
Binding: Perfect Binding
Cover: Foldcote calliper 15, Softbound
Price: Php800.00 or US$ 17.00

Available at: National Book Store, Fully Booked, Popular Bookstore, and in e-book at Buqo.

TABLE OF CONTENTS

INTRODUCTION

ABOUT THE BOOK 1
SPECIAL FEATURES 8

PART TWO
LOCAL TAXATION AND FISCAL MATTERS

TITLE TWO
REAL PROPERTY TAXATION

BACKGROUND 34

CHAPTER 1

GENERAL PROVISIONS

SEC. 197. Scope 40
SEC. 198. Fundamental Principles 44
SEC. 199. Definitions 47
SEC. 200. Administration of the Real Property Tax 61

CHAPTER 2

APPRAISAL AND ASSESSMENT OF REAL PROPERTY

SEC. 201. Appraisal of Real Property 71
SEC. 202. Declaration of Real Property by the Owner or Administrator 100
SEC. 203. Duty of Person Acquiring Real Property or Making Improvement Thereon 104
SEC. 204. Declaration of Real Property by the Assessor 106
SEC. 205. Listing of Real Property in the Assessment Rolls 115
SEC. 206. Proof of Exemption of Real Property from Taxation 118
SEC. 207. Real Property Identification System 120
SEC. 208. Notification of Transfer of Real Property Ownership 126
SEC. 209. Duty of Registrar of Deeds to Appraise Assessor of Real Property Listed in Registry 127
SEC. 210. Duty of Officials Issuing Building Permit or Certificates of Registration of Machinery to Transmit Copy to Assessor 131
SEC. 211. Duty of Geodetic Engineers to Furnish Copy of Plans to Assessor 133
SEC. 212. Preparation of Schedule of Fair Market Values 134
SEC. 213. Authority of Assessor to Take Evidence 165
SEC. 214. Amendment of Schedule of Fair Market Values 166
SEC. 215. Classes of Real Property for Assessment Purposes 167
SEC. 216. Special Classes of Real Property 169
SEC. 217. Actual Use of Real Property as Basis for Assessment 178
SEC. 218. Assessment Levels 183
SEC. 219. General Revision of Assessments and Property Classification 189
SEC. 220. Valuation of Real Property 196
SEC. 221. Date of Effectivity of Assessment or Reassessment 198
SEC. 222. Assessment of Property Subject to Back Taxes 201
SEC. 223. Notification of New or Revised Assessment 203
SEC. 224. Appraisal and Assessment of Machinery 205
SEC 225. Depreciation Allowance for Machinery 210

CHAPTER 3

ASSESSMENT APPEALS

SEC. 226. Local Board of Assessment Appeals 213
SEC. 227. Organization, Powers, Duties, and Functions of the Local Board of Assessment Appeals 220
SEC. 228. Meetings and Expenses of the Local Board of Assessment Appeals 223
SEC. 229. Action by the Local Board of Assessment Appeals 223
SEC. 230. Central Board of Assessment Appeals 227
SEC. 231. Effect of Appeal on the Payment of Real Property Tax 238

CHAPTER 4

IMPOSITION OF REAL PROPERTY TAX

SEC. 232. Power to Levy Real Property Tax 239
SEC. 233. Rates of Levy 245
SEC. 234. Exemptions from Real Property Tax 247

CHAPTER 5

SPECIAL LEVIES ON REAL PROPERTY

SEC. 235. Additional Levy on Real Property for the Special Education Fund (SEF) 259
SEC. 236. Additional Ad Valorem Tax on Idle Lands 261
SEC. 237. Idle Lands, Coverage 268
SEC. 238. Idle Lands Exempt from Tax 270
SEC. 239. Listing of Idle Lands by the Assessor 270
SEC. 240. Special Levy by Local Government Units 271
SEC. 241. Ordinance Imposing a Special Levy 273
SEC. 242. Publication of Proposed Ordinance Imposing Special Levy 276
SEC. 243. Fixing the Amount of Special Levy 277
SEC. 244. Taxpayers’ Remedies Against Special Levy 281
SEC. 245. Accrual of Special Levy 284

CHAPTER 6

COLLECTION OF REAL PROPERTY TAX

SEC. 246. Date of Accrual of Tax 285
SEC. 247. Collection of Tax 286
SEC. 248. Assessor to Furnish Local Treasurer with Assessment Roll 307
SEC. 249. Notice of Time for Collection of Tax 308
SEC. 250. Payment of Real Property Taxes in Installments 311
SEC. 251. Tax Discount for Advanced Prompt Payment 314
SEC. 252. Payment Under Protest 316
SEC. 253. Repayment of Excessive Collections 320
SEC. 254. Notice of Delinquency in the Payment of the Real Property Tax 321
SEC. 255. Interests on Unpaid Real Property Tax 324
SEC. 256. Remedies for the Collection of Real Property Tax 325
SEC. 257. Local Governments Lien 327
SEC. 258. Levy on Real Property 328
SEC. 259. Penalty for Failure to Issue and Execute Warrant 330
SEC. 260. Advertisement and Sale 331
SEC. 261. Redemption of Property Sold 335
SEC. 262. Final Deed to Purchase 338
SEC. 263. Purchase of Property by the Local Government Units for Want of Bidder 338
SEC. 264. Resale of Real Estate Taken for Taxes, Fees, or Charges 339
SEC. 265. Further Distraint or Levy 340
SEC. 266. Collection of Real Property Tax Through the Courts 340
SEC. 267. Action Assailing Validity of Tax Sale 342
SEC. 268. Payment of Delinquent Taxes on Property Subject of Controversy 343
SEC. 269. Treasurer to Certify Delinquencies Remaining Uncollected 345
SEC. 270. Periods within which to Collect Real Property Taxes 347

CHAPTER 7

DISPOSITION OF PROCEEDS

SEC. 271. Distribution of Proceeds 358
SEC. 272. Application of Proceeds of the Additional One Percent SEF Tax 361
SEC. 273. Proceeds of the Tax on Idle Lands 362
SEC. 274. Proceeds of the Special Levy 362

CHAPTER 8

SPECIAL PROVISION

SEC. 275. General Assessment Revision: Expenses Incident Thereto 364
SEC. 276. Condonation or Reduction of Real Property Tax and Interests 365
SEC. 277. Condonation or Reduction of Tax by the President of the Philippines. 367
SEC. 278. Duty of Registrar of Deeds and Notaries Public to Assist the Provincial, City or Municipal Assessor 368
SEC. 279. Insurance Companies to Furnish Information 369
SEC. 280. Fees in Court Actions 369
SEC. 281. Fees in Registration of Papers or Documents on Sale of Delinquent Real Property to Province, City or Municipality 370
SEC. 282. Real Property Assessment Notices or Owner’s Copies of Tax Declarations to be Exempt from Postal Charges of Fees 370
SEC. 283. Sale and Forfeiture before Effectivity of Code 371

TITLE THREE
SHARES OF LOCAL GOVERNMENTS IN THE PROCEEDS OF NATIONAL TAXES

CHAPTER 1

ALLOTMENT OF INTERNAL REVENUE

SEC. 284. Allotment of Internal Revenue Taxes 372
SEC. 285. Allocation to Local Government Units 374
SEC. 286. Automatic Release of Shares 380
SEC. 287. Local Development Projects 387
SEC. 288. Rules and Regulations 390

CHAPTER 2

SHARE OF LOCAL GOVERNMENT UNITS IN THE NATIONAL WEALTH

SEC. 289. Share in the Proceeds from the Development and Utilization of the National Wealth 392
SEC. 290. Amount of Share of Local Government Units 396
SEC. 291. Share of the Local Governments from any Government Agency or Government-Owned or Controlled Corporation 400
SEC. 292. Allocation of Shares 400
SEC. 293. Remittance of the Share of Local Government Units 401
SEC. 294. Development and Livelihood Projects 403

TABLE OF AUTHORITIES CITED 404

INDEX 414