An Ordinance Prescribing the Revised Schedule of Fair Market Values of Real Property (Land Only) and Schedule of Values of Buildings and Other Improvements on New Constructions/Improvements and the Like Subject to All Legal and Existing Rules and Regulations

September 18, 2002LAS PIÑAS CITY ORDINANCE NO. 563-02AN ORDINANCE PRESCRIBING THE REVISED SCHEDULE OF FAIR MARKET VALUES OF REAL PROPERTY (LAND ONLY) AND SCHEDULE OF VALUES OF BUILDINGS AND OTHER IMPROVEMENTS ON NEW CONSTRUCTIONS/IMPROVEMENTS AND THE LIKE SUBJECT TO ALL LEGAL AND EXISTING RULES AND REGULATIONSSponsored by: Honorable Councilors Henry C. Medina, Ruben C. RamosCo-Sponsored by: Honorable Councilors Rogelio M. Alejandro, Perpetuo F. Camila, Oscar C. Peña, Berlin R. dela Cruz, Francis M. Fabian, Isabelo C. Gatbonton, Eduardo P. Lezarda, Restituto L. Martinez, Reynaldo B. Salvador, Mark Anthony G. Santos and Leonardo I. Suliguin, Jr.WHEREAS, the last General Revision of Fair Market Values for Land and Schedule of Values of Buildings and other improvements was in 1994, as per Municipal Ordinance No. 143-93, series of 1993 enacted on December 8, 1993;WHEREAS, Section 219 of Republic Act 7160, otherwise known as the Local Government Code of 1991 provides: "The Provincial, City or Municipal Assessor shall Undertake a General Revision of Real Property Assessments within Two (2) Years after the effectivity of the Code and Every Three...