Bill Type
Congress Name
Long Title
AN ACT INSTITUTING REFORMS IN THE REAL PROPERTY VALUATION AND ASSESSMENT PRACTICES IN THE PHILIPPINES AND FOR OTHER PURPOSES
Date filed
September 10, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB02452 |
| FULL TITLE : AN ACT INSTITUTING REFORMS IN THE REAL PROPERTY VALUATION AND ASSESSMENT PRACTICES IN THE PHILIPPINES AND FOR OTHER PURPOSES |
| SHORT TITLE : "The Real Property Valuation Reform Act of 2007" |
| ABSTRACT : The bill establishes uniform and internationally-accepted standards for the valuation of real property. It also adopts the market value as the single real property valuation base for the assessment of real property related taxes. |
| PRINCIPAL AUTHOR/S : VINZONS-CHATO, LIWAYWAY |
| DATE FILED : 2007-09-10 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2009-10-06 |
| 2. Approved by the Committee on Appropriations on 2009-10-06 |
| MOTHER BILL: HB07094 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT REORGANIZATION ON 2007-09-18 |
Abstract
The bill establishes uniform and internationally-accepted standards for the valuation of real property. It also adopts the market value as the single real property valuation base for the assessment of real property related taxes.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.