Further Amending Paragraph 7 Of Presidential Decree No. 76 DatedDecember 6, 1972 Requiring All Persons, Natural Or Juridical Owning Or Administering Real Property, Including The Improvement
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Further Amending Paragraph 7 Of Presidential Decree No. 76 DatedDecember 6, 1972 Requiring All Persons, Natural Or Juridical Owning Or Administering Real Property, Including The Improvement
Presidential Decree No. 434
April 8, 1974
Case Overview and Summary
Summary of Presidential Decree No. 434Amending Paragraph 7 of Presidential Decree No. 76
• Outlines the process for appealing real property assessments. (Section 1)
- The Provincial or City Board of Assessment Appeals must decide appeals within 120 days of receipt.
- Decisions must be based on substantial evidence presented at the hearing or contained in the record.
- Unsatisfied parties can appeal to the Central Board of Assessment Appeals within 30 days of receiving the decision.
- The Central Board of Assessment Appeals is composed of the Secretaries of Finance (Chairman), Justice, and Local Government and Community Development.
- The Central Board's decision is final.
- Appeals do not suspend the collection of the assessed realty tax, which will be adjusted based on the appeal decision.
Establishing a Board of Commissioners and Staff for the Central Board of Assessment Appeals (Section 1)
• Positions and annual salaries:
- 1 Central Board Chief Hearing Commissioner @ P17,400
- 4 Central Board Hearing Commissioners @ P16,200 each
- 1 Central Board Secretary @ P9,600
- 4 Central Board Stenographers @ P6,600 each
- 3 Central Board Docket and Filing Clerks @ P14,400
• Additional positions may be created as deemed necessary by the Central Board.
• Appointments to certain positions are exempt from Civil Service requirements and salary standardization.
• Government retirees can be appointed without reimbursing gratuities or suspending pensions.
• Commissioners must be lawyers, civil engineers, or mechanical engineers with at least 5 years of assessment work experience.
• The Secretary of Finance, as Chairman, shall appoint the Commissioners and Staff.
Appropriations (Section 1)
• P125,000 is appropriated for the Central Board's operations from April 1, 1974 to June 30, 1974.
• Subsequent fiscal years' funding shall be included in the Department of Finance's appropriation.
Effective Date (Section 2)
• This Decree takes effect immediately.
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Further Amending Paragraph 7 Of Presidential Decree No. 76 DatedDecember 6, 1972 Requiring All Persons, Natural Or Juridical Owning Or Administering Real Property, Including The Improvement
Presidential Decree No. 434
•April 8, 1974
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 434 April 8, 1974
FURTHER AMENDING PARAGRAPH 7 OF PRESIDENTIAL DECREE NO. 76 DATED DECEMBER 6, 1972 REQUIRING ALL PERSONS, NATURAL OR JURIDICAL OWNING OR ADMINISTERING REAL PROPERTY, INCLUDING THE IMPROVEMENTS THEREON, TO FILE SWORN STATEMENT OF THE TRUE VALUE OF SUCH PROPERTY, AS AMENDED BY PRESIDENTIAL DECREE NO. 261 DATED AUGUST 2, 1973, AND FURTHER AMENDED BY PRESIDENTIAL DECREE NO. 304 DATED OCTOBER 2, 1973
WHEREAS, in order to enable the Central Board of Assessment Appeals to expeditiously decide appeals from the decisions of the Provincial or City Board of Assessment Appeals involving contested assessments of real properties, the necessary complement of qualified and competent personnel should be provided therefor;
WHEREAS, the anticipated volume of such appealed decisions will require a reasonable statutory period for the Board to judiciously decide the same;
WHEREAS, there is an urgent need to adequately fund the expenses of the Central Board of Assessment Appeals incidental to the discharge of its functions;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Presidential Decrees
assessment appeals
real property
Central Board of Assessment Appeals
Provincial or City Board of Assessment Appeals
realty tax
Board of Commissioners
appointments
appropriations
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 434 April 8, 1974
FURTHER AMENDING PARAGRAPH 7 OF PRESIDENTIAL DECREE NO. 76 DATED DECEMBER 6, 1972 REQUIRING ALL PERSONS, NATURAL OR JURIDICAL OWNING OR ADMINISTERING REAL PROPERTY, INCLUDING THE IMPROVEMENTS THEREON, TO FILE SWORN STATEMENT OF THE TRUE VALUE OF SUCH PROPERTY, AS AMENDED BY PRESIDENTIAL DECREE NO. 261 DATED AUGUST 2, 1973, AND FURTHER AMENDED BY PRESIDENTIAL DECREE NO. 304 DATED OCTOBER 2, 1973
WHEREAS, in order to enable the Central Board of Assessment Appeals to expeditiously decide appeals from the decisions of the Provincial or City Board of Assessment Appeals involving contested assessments of real properties, the necessary complement of qualified and competent personnel should be provided therefor;
WHEREAS, the anticipated volume of such appealed decisions will require a reasonable statutory period for the Board to judiciously decide the same;
WHEREAS, there is an urgent need to adequately fund the expenses of the Central Board of Assessment Appeals incidental to the discharge of its functions;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of...
Login to see full content