Results 11 to 12 of 12
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April 4th, 2006 06:52 PM #11Originally Posted by boybi
Yes. The fair market value is actual current price of the property when made available for sale taking into account transactions involving similar property or property adjacent to the one subject of the sale, as well as the value of any improvements thereto. Zonal value is prepared by the BIR based on a range of prices for lots or properties situated in a particular area. If its too difficult to determine the fair market value of the property for purposes of determining the tax base, or if the selling price indicated in the Deed of Sale is doubtful or unusually low, then the examiner uses the zonal value as the tax base and applies the corresponding tax rate.
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Verified Tsikot Member
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- Aug 2005
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April 4th, 2006 10:52 PM #12May nabili rin ako lote sa isang subd. sa mm
fully paid na sya pero di ko pa naaasikaso ang TCT,
I don't know the process is it the same as
altis6453 mentioned?. tenks!
the triumph of man over... man!, using the crudest of implements (by modern standards).
Traffic!