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PRESIDENTIAL DECREE NO. 1384
PRESIDENTIAL DECREE NO. 1384 -
EXTENDING THE PERIOD FOR THE GENERAL REVISION OF REAL PROPERTY
ASSESSMENTS IN CALENDAR YEAR 1978 UP TO JUNE 30, 1979 AND FIXING THE
DATE OF ACCRUAL OF THE REAL PROPERTY TAX BASED ON THE REVISED PROPERTY
VALUATIONS.
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WHEREAS,
pursuant to the provisions of Section 21 of Presidential Decree No.
464, as amended, otherwise known as the Real Property Tax Code, the
general revision of real property assessments shall commence on January
1, 1978, and terminate on December 31, 1978;chanroblesvirtualawlibrary
WHEREAS, pursuant to the provisions of Section 21 of the Code
aforecited, the real property taxes that will be determined on the
basis of the revised property valuations arising from the general
revision of property assessments in calendar year 1978 will accrue on
January 1, 1979;chanroblesvirtualawlibrary
WHEREAS, representations have been made by a great number of
provincial, city and municipal assessors that the prescribed period of
one year for the general revision of property assessments in 1978 will
not be sufficient if there is to be conducted a thorough and extensive
field ocular inspection of real properties as required under existing
law;chanroblesvirtualawlibrary
WHEREAS, the old methods of property appraisal have been modified and
updated under recently-issued rules and regulations with the end in
view of establishing a fair, reasonable, and equitable system of real
property valuation for taxation purposes.
WHEREAS, for purposes of a more effective implementation of all laws,
rules and regulations and to ensure that the interest of both the
government and the property owners are equally protected, there is a
need to extend the period of general revision of property assessments
for calendar year 1978; chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
decree and order the following:cralaw:red
Section 1. The period for the general revision of
real property assessments for calendar year 1978 as fixed under Section
21 of Presidential Decree No. 464, as amended, is hereby extended up to
June 30, 1979, except in the cities and municipalities of Metropolitan
Manila.
Section 2. The real property tax to be determined on
the basis of the revised property valuations arising from said general
revision of property assessments in localities covered by the extension
under Section 1 hereof shall accrue beginning January 1, 1980, in lieu
of January 1, 1979;chanroblesvirtualawlibrary
Section 3. In the case, however, of real property
initially assessed in calendar year 1978 and/or real property
newly-discovered during the general revision up to June 30, 1979 but
are subject to back taxes, the real property tax due thereon shall be
due and payable as provided for in Sections 24 and 25 of Presidential
Decree No. 464, as amended, and such other pertinent provisions thereof.
Section 4. The provisions of Section 21 of
Presidential Decree No. 464, as amended, are hereby amended as
hereinabove stated only for purposes of the general revision of
property assessments for calendar year 1978 extended up to June 30,
1979.
Section 5. The Secretary of Finance shall issue the
rules and regulations necessary for the proper implementation of the
provisions of this Decree.
Section 6. This Decree shall take effect immediately.
Done in the City of Manila,
this 25th day of May, in the year of Our Lord nineteen hundred and
seventy-eight.
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