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Module 2 Assessment Levels

The document outlines the assessment levels to determine the assessed value of real property for tax purposes. It provides the assessment levels for different classes of lands, buildings, and other structures. Assessment levels vary depending on the type of property, its actual use, and fair market value. They range from 0% to 80% and are fixed by local ordinances, with some special classes subject to lower assessment levels like 15% for cultural, scientific and hospital properties.

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MARY JOYCE ENDIQUE
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809 views3 pages

Module 2 Assessment Levels

The document outlines the assessment levels to determine the assessed value of real property for tax purposes. It provides the assessment levels for different classes of lands, buildings, and other structures. Assessment levels vary depending on the type of property, its actual use, and fair market value. They range from 0% to 80% and are fixed by local ordinances, with some special classes subject to lower assessment levels like 15% for cultural, scientific and hospital properties.

Uploaded by

MARY JOYCE ENDIQUE
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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B.

Assessment Levels

The assessment levels to be applied to the market value of real property to determine its assessed value
shall be fixed by ordinance of the Sangguniang Panlalawigan, Sangguniang Panlungsod or Sangguniang
Bayan of a municipality within Metropolitan Manila Area (MMA), at the rates not exceeding the
following:

1. On Lands:

CLASS ASSESSMENT LEVELS

Residential 20%

Agricultural 40%

Commercial 50%

Industrial 50%

Mineral 50%

Timberland 20%

2. On Buildings and Other Structures:

a. Residential

FAIR MARKET VALUE ASSESSMENT LEVELS

Over Not Over

P 175,000.00 0%

P 175,000.00 P 300,000.00 10%

300,000.00 500,000.00 20%

500,000.00 750,000.00 25%

750,000.00 1,000,000.00 30%

1,000,000.00 2.000,000.00 35%

2,000,000.00 5,000,000.00 40%

5,000,000.00 10,000,000.00 50%

10,000,000.00 60%
b. Agricultural

FAIR MARKET VALUE ASSESSMENT LEVELS

Over Not Over

P 300,000.00 25%

P 300,000.00 500,000.00 30%

500,000.00 750,000.00 35%

750,000.00 1,000,000.00 40%

1,000,000.00 2.000,000.00 45%

2,000,000.00 50%

c. Commercial or Industrial

FAIR MARKET VALUE ASSESSMENT LEVELS

Over Not Over

P 300,000.00 30%

P 300,000.00 500,000.00 35%

500,000.00 750,000.00 40%

750,000.00 1,000,000.00 50%

1,000,000.00 2,000,000.00 60%

2,000,000.00 5,000,000.00 70%

5,000,000.00 10,000,000.00 75%

10,000,000.00 80%
d. Timberland

FAIR MARKET VALUE ASSESSMENT LEVELS

Over Not Over

P 300,000.00 45%

P 300,000.00 500,000.00 50%

500,000.00 750,000.00 55%

750,000.00 1,000,000.00 60%

1,000,000.00 2,000,000.00 70%

2,000,000.00

3. On Machineries

CLASS ASSESSMENT LEVELS

Agricultural 40%

Residential 50%

Commercial 80%

Industrial 80%

4. Special Classes: Assessment levels for all lands, buildings, machineries and other improvements:

Actual Use Assessment Levels

Cultural 15%

Scientific 15%

Hospital 15%

Local Water Districts 10%

Government-owned or controlled corporations engaged in the supply and/or generation and


transmission of electric power 10%

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