Article 138p. 138

NATIONAL INTERNAL REVENUE CODE TAXATION, TARIFF and CUSTOMS LAWS

or hereafter be required by law or regulation to issue to

any person a permit for the construction, addition, repair

or renovation of a building or permanent improvement,

on land, or a certificate or registration for any machinery,

including

machines,

mechanical

contrivances,

and

apparatus, attached or affixed on land, or to another real

property

shall

transmit

a

copy

of

such

permit

or

certificate, within thirty days of its issuance, to the

assessor of the province or city wherein the property is

situated.

Section 14. Duty of Surveyors to Furnish Copy of Plans to

Assessors. It shall be the duty of all surveyors, public or

private, to furnish free of charge to the assessor of the

province or city where the land is located with a white or

blue print copy of each of all approved original or

subdivision plans or maps of surveys executed by them

within thirty days from receipt of such plans from the

Bureau of Land or Land Registration Commission or the

National Urban Planning Commission, as the case may

be.

Section 15. Preparation of Schedule of Values. - Before

any general revision of property assessments is made, as

provided in this Code, there shall be prepared for the

province or city a Schedule of Market Values for the

different classes of real property therein situated in such

form and detail as shall be prescribed by the Secretary of

Finance.

Said schedule, together with an abstract of the data on

which it is based, shall be submitted to the Secretary of

Finance for review not later than the thirty-first day of

December immediately preceding the calendar year the

general revision of assessments shall be undertaken. The

Secretary of Finance shall have ninety days from the date

or

receipt

within

which to review said schedule to

determine whether it conforms with the provisions of this

Code.

Section 16. Authority of Assessor to Take Evidence. For

the purpose of obtaining information on which to base

the market value of any real property, the provincial or

city assessor, or his deputy, may summon witnesses,

administer oaths and take deposition, concerning the

property, its ownership, amount, nature and value.

Section 17. Amendment of Schedules of Market Values.

For the correction of errors or inequalities in any schedule

of market values, the provincial or city assessor shall, on

his own initiative or upon the direction of the Secretary of

Finance, prepare an amendment designed to remedy

such

errors

or

inequalities.

Such

amendments shall

likewise be subject to review by the Secretary of Finance

within ninety days from the date of receipt thereof.

Section 18. Classes of Real Property for Assessment

Purposes. For purposes of assessment, real property shall

be classified as residential, agricultural, commercial or

industrial and also as mineral in the case of lands.

Mineral lands shall be further classified as follows:

(a) Metallic mineral lands, which shall include:

(1)

Patented

lode

mining

claims,

producing

or

non-producing;

(2) Unpatented producing lode mining claims which may

be patented;

(3) Unpatented non-producing the lode mining claims

which may be patented;

(4)

Patented

placer

mining

claims,

producing

or

non-producing;

(5) Unpatented producing placer mining claims which

may be patented; and

(6)

Unpatented

non-producing

placer mining claims

which may be patented.

(b) Non-metallic mineral lands, which shall include:

(1) Patented, producing or non-producing;

(2) Unpatented, producing which may be patented; and

(3) Unpatented, non-producing, which may be patented.

Definition of Terms. "Patented" mineral lands are those

lands covered by a duly issue mineral patent signed by

the President of the Philippines.

"Unpatented" mineral lands are those lands which were

located as mining claims under the provisions of the

Philippine Bill of 1902 but are not yet covered by a mineral

patent.

"Producing patented mineral claims" are those claims

producing minerals for commercial purposes.

"Non-producing

patented

mineral

claims"

are

those

claims which are only in the stage of exploration and

development

and

has

not

produced

minerals

for

commercial production.

A "lode mineral claim" is a parcel of mineral lands

containing a vein, lode, ledge, lens, or mass of ore in place

which has been located in accordance with law.

A "placer claim" is that which does not come under the

definition of "lode mineral claim."

"Placer deposits" are in loose, fragmentary or broken

rocks, boulders, floats, beds or deposits.

"Metallic" deposits are those which contain any of the

metallic elements or minerals, or their combination, such

as gold, silver, platinum, tin, chromium, iron, manganese,

copper, nickel, lead, zinc cinnabar, tungsten and the like.

"Non-metallic" deposits are all other deposits not covered

by the above "metallic" deposits.

In case of conflict between the above definitions and

those appearing in the Mining Act as amended, the latter

shall prevail.

Special Classes of Real Property.

All lands, buildings and other improvements thereon,

actually, directly and exclusively used for educational,

cultural, recreational or scientific purposes, as well as

hospitals not owned and operated by the government or

by any of its instrumentalities, shall be classified as

special.

Section 19. Actual Use of Real Property as Basis for

Assessment. Real property shall be assessed on the basis

of its actual use regardless of where located and whoever

uses it.

The Secretary of Finance shall issue guidelines for the

proper implementation of the provisions of this Section.

Section 20. Assessment Levels. The assessment levels to

be applied to the current market values of real property

for taxation purposes shall be as follows:

a) On Lands The assessment levels in the province or city

shall be maintained at the current levels of thirty per cent

for residential lands; forty per cent for agricultural lands;

and fifty per cent for commercial or industrial lands.

b) Mineral Lands For purposes of taxation, mineral lands

not covered by lease shall be appraised at fifty per cent of

their market value to be determined by the Secretary of

Finance upon consultation with the Director of Mines:

Provided, however, that mineral lands covered by leases

shall be declared for taxation purposes either by the

owner of the land or lessee and the assessment level

thereof shall be maintained at the current level of fifty per

cent.

c) On Buildings, Machineries and other Improvements.

The assessment levels now prevailing in the province or

city shall be maintained but which shall in no case be

lower than the assessment levels for lands hereinabove

prescribed nor more than eighty percent of the market

value, except buildings used exclusively for residential

purpose, the assessment levels for which shall be as

follows:

1. For buildings and other improvements:

Assessment Levels

© Compiled by RGL

138 of 201