Thursday, September 6, 2012
Section 226 of R A 7160
CHAPTER 3 - ASSESSMENT APPEALS
SEC. 226. Local Board of Assessment Appeals. - Any owner or person having legal interest in the property who is not satisfied with the action of the provincial, city or municipal assessor in the assessment of his property may, within sixty (60) days from the date of receipt of the written notice of assessment, appeal to the Board of Assessment appeals of the province or city by filing a petition under oath in the form prescribed for the purpose, together with copies of the tax declarations and such affidavits or documents submitted in support of the appeal.
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Sometimes owners and Assessors disagree on proeprty valuations. Since Assessors are guided by Schedule of market Values, naturally, they will follow tyhat schedule. In the event that an owner is not satisfied on how his property is being valued, he has only 60 days from receipt of the Notice of Assessment to file an appeal for its revision, to the City Board of Assessment Appeal. Failure to make an appeal within the said period is fatal as it would no longer be entertained. During the period of appeal, all taxes are to be paid. In the event that the request for a reduction of the assessment is granted, the excess amount shall be credited as an advance payment of said property.
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