New and Used Car Talk Reviews Hot Cars Comparison Automotive Community

The Largest Car Forum in the Philippines

Page 2 of 2 FirstFirst 12
Results 11 to 12 of 12
  1. Join Date
    Oct 2002
    Posts
    3,872
    #11
    Quote Originally Posted by boybi
    yung declared value sa city hall ay yung assessed value. masyadong mababa ito and for land tax purposes lang yata ito.

    magkaiba ba ang zonal value and fair market value?

    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.

  2. Join Date
    Aug 2005
    Posts
    117
    #12
    May 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!

Page 2 of 2 FirstFirst 12
help! Procedure on transfer of property