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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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Section 1. On or before the first day of October, nineteen hundred and forty, all who are owning or administering real property, including improvements thereof with a value of not less than one thousand pesos, shall file with the provincial or city assessor or with any one of his deputies a sworn statement of the true value of such property, and the value so declared, if approved by the provincial or city assessor, shall be considered as the value of the property for purpose of real estate taxation, and said statement shall constitute a prima facie evidence of the real value of the property in expropriation proceedings by the Government and its instrumentalities. After the first day of July, nineteen hundred and forty-one, new declarations may be filed on the same property, but not oftener than once every twelve months from the last declaration, and the same, if approved by the provincial or city assessor, shall have like effect as the original. Should the tax declaration called for herein be not filed or, if filed, the same is disapproved, the provincial or city assessor may make the tax declaration for the property, and the assessor's valuation shall be conclusive for purposes of real estate taxation, unless appeal is taken under existing law. Every provincial or city assessor or his deputy, justice of the peace and auxiliary justice of the peace, city, municipal, or municipal district mayor or vice-mayor, municipal or city secretary, and municipal or city councilor, shall administer the oath herein required free of charge. Section 2. Section 3. Section 4. Section 5. |
Since 19.07.98.