Thursday, August 30, 2012

Section 215 of RA 7160

SEC. 215. Classes of Real Property for Assessment Purposes. - For purposes of assessment, real property shall be classified as residential, agricultural, commercial, industrial, mineral, timberland or special. The city or municipality within the Metropolitan Manila Area, through their respective sanggunian, shall have the power to classify lands as residential, agricultural, commercial, industrial, mineral, timberland, or special in accordance with their zoning ordinances.
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5 comments:

  1. UnknownAugust 30, 2012 at 1:30 AM

    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. UnknownAugust 30, 2012 at 5:09 PM

    For purposes of appraisal and assessment, real properties are classified according to class like residential, agricultural, commercial, industrial and minerals.

    ReplyDelete
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