RPT APPRAISAL

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%

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