The City Assessor’s Office participated in the conduct of Public Hearings spearheaded by the Davao City Council on the following dates, viz: 1) May 31, 2017 at the Session Hall of Sangguniang Panlungsod ng Dabaw for District 1; 2) June 1, 2017 at the Buhangin Gym of Buhangin District Hall for District 2; 3) June 5, 2017 at the Crossing Bayabas Gym, Toril, Davao City, for District 3; and, 4) June 19, 2017 at the Calinan Gym, Davao City, for District 3.
The said hearings aimed to inform and consult the public on the new provisions of the Proposed Amendment of the 2005 Revenue Code and the 2017 Proposed Schedule of Market Values (SMV) and Base Unit Construction Cost (BUCC). The Proposed Amendment on Revenue Code was prepared by the Tax Research and Action Team (TRACT) Technical Working Group (TWG) headed by Mr. Erwin P. Alparaque, Human Resource Department Head, while the Proposed SMV and BUCC was prepared by the City Assessor’s Office led by Engr. Jaime G. Adalin, City Assessor, this office.
The SMV shall be used as the basis in the 2018 General Revision of real property assessments and property classifications, pursuant to Sections 212 and 219 of Republic Act 7160 otherwise known as the “Local Government Code of 1991”. The purpose of the General Revision is to equalize and update real property valuation for taxation purposes which shall be conducted once in every three (3) years.
In compliance with Section 202 of the same Act, real property owners are hereby required to file a duly notarized Sworn Statement declaring the true value of their properties every General Revision, whether previously declared or undeclared generic cialis best price.
Whereas, Section 203 provides that it is also the duty of the real property owners to declare their properties within sixty (60) days upon acquisition or upon making improvement/construction thereon.
However, as stated in Section 204, if a real property owner refuses or fails to make such declaration, the city assessor himself shall declare and assess the properties for taxation.