Section 12Sec./Art. 12

Function of the Regional Consultative Committee. - The Regional Consultative Committee shall serve as the forum in the region for discussion on developments in the local real property market; concerns of taxpayers, civil society, and other stakeholders; outcome of compliance reporting in the region; data on complaints and appeals filed before the Local Board of Assessment Appeals (LBAA) or the Central Board of Assessment Appeals (CBAA), as the case may be; training of local government assessors in the region; appraisal and assessment concerns in general; and other matters as may be determined by the Committee. Any report thereof shall be submitted to the Central Consultative Committee, either electronically or manually.

ARTICLE III

VALUATION OF REAL PROPERTIES

CHAPTER 1

VALUATION STANDARDS AND MARKET VALUE