Real Property Tax Appraisal & Assessment

Market Value

Rate per square meter at urban area:

	For Commercial land	For Residential Land	For Industrial Land
1st	1,800.00	1,200.00	1,200.00
2nd	1,760.00	1,100.00	1,100.00
3rd	1,700.00	1,000.00	1,000.00
4th	1,600.00	900.00
5th	1,400.00	800.00

Rates per square meter for lands outside of urban area:

	Not beyond 2 kilometers from Poblacion & along the road	Over 2 kilometers, but not beyond 4 kilometers from Poblacion & along the road:	Beyond 4 kilometers from Poblacion & along the road
Residential			400.00
5th	800.00
4th	1,600.00
6th		600.00
Commercial			800.00
5th
4th
6th		1,200.00

Assessment Levels

The assessment levels to be applied to the fair market value or real property to determine its assessed value in the City of Bayawan, shall be the following:

On Lands and Machineries:

CLASS	LANDS	MACHINERIES
Residential	10%	50%
Agricultural	30%	40%
Commercial	40%	80%
Industrial	40%	80%
Mineral	40%
Timberland	20%

On Buildings and Other Structures:

FAIR MARKET VALUE		Residential Building	Agricultural Buildings	Commercial or Industrial Buildings	Timberland
OVER	NOT OVER
	175,000	0%
175,000	300,000	10%	20%	25%	40%
300,000	500,000	15%	25%	30%	45%
500,000	750,000	20%	30%	35%	50%
750,000	1,000,000	25%	35%	45%	55%
1,000,000	2,000,000	30%	40%	50%	60%
2,000,000	5,000,000	34%	45%	55%	65%
5,000,000	10,000,000	40%		60%
10,000,000				70%

Appraisal of Machinery:

All kinds of machineries classified as real property shall be appraised and assessed in accordance with the provisions of Articles 315 and 316 of the Implementing Rules and Regulations (section 224 and 225 of the Republic Act No. 7160, otherwise known as the Local Government Code of 1991.

Special Classes: Assessment Level for all lands, Buildings, machineries and other improvements

Actual Use	Assessment Level
Cultural	10%
Scientific	10%
Hospital	10%
School	10%
Religious	10%
Local Water District, Government-owned or Controlled corporation	10%