Thursday, August 30, 2012

Section 214 of RA 7160

SEC. 214. Amendment of Schedule of Fair Market Values. - The provincial, city or municipal assessor may recommend to the sanggunian concerned amendments to correct errors in valuation in the schedule of fair market values. The sanggunian concerned shall, by ordinance, act upon the recommendation within ninety (90) days from receipt thereof.

4 comments:

  1. For a healthy and participative discussion in this blog, visitors are requested to post comments/question involving issues and concerns about real estate to share with others.

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  2. Well, if there has been values included in the Schedule of Market Value that is deemed inappropriate for a location, then the Local Sanggunian has all of its power to rectify it.

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