RMC No. 27-2010: Circularizes the full text of Department Order No. 6-2010 entitled “Amending Further Ministry Order Nos. 20-86 and 21-86, as Amended by Department Order Nos. 12-89, 13-89, 10-92, 21-99 and 35-04 Creating the Committees on Real Property Valuation to Determine the Zonal Values of Real Properties for Purposes of Computing Any Internal Revenue Tax”

Key points

1. Executive Committee. An Executive Committee on Real Property Valuation is formed for each BIR Regional Office, chaired by the BIR Regional Director. Members are the Regional Directors of the HLURB and the BLGF and two licensed and competent appraisers, with consultants from the LRA, NTRC, NMRIA and NHA.
2. Technical Committee. A Technical Committee on Real Property Valuation is chaired by the BIR Assistant Regional Director. Members are an HLURB representative, the Provincial or City Assessor and two appraisers, with consultants from the LRA, NTRC, NMRIA and NHA.
3. Sub-Technical Committee. A Sub-Technical Committee is chaired by the Revenue District Officer, with the Assistant Revenue District Officer as Vice Chairman. Members are the Municipal or Assistant City Assessor, the Local Development Officer of the Office of the Mayor and two appraisers.
4. Assistance. All provincial, city and municipal assessors must assist the Committees. The Committees may use the services of Department of Finance personnel and its Bureaus and Offices.
5. If appraisers or members fail to act. This applies if no private appraisers are available locally, a member does not attend meetings, or a member does not submit recommended values within ten (10) calendar days from the concluding meeting. The Chairman executes an Affidavit and sets the Schedule of Zonal Values based on the average of the two (2) highest recommended values or the best data and documents available.

Who is affected

• BIR Regional Directors and Revenue District Officers
• Provincial, city and municipal assessors
• Realty appraisers named to the Committees

Deadlines and effectivity

• Recommended values due within ten (10) calendar days from the concluding meeting of the Sub-Technical Committee