Thursday, August 30, 2012
Section 216 of RA 7160
SEC. 216. Special Classes of Real Property. - All lands, buildings, and other improvements thereon actually, directly and exclusively used for hospitals, cultural, or scientific purposes, and those owned and used by local water districts, and government-owned or -controlled corporations rendering essential public services in the supply and distribution of water and/or generation and transmission of electric power shall be classified as special.
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There are special classes of properties that are used by man and could not be classified as residential, agricultural, industrial, commercial, etc. . It would then be appropriate that the law categorized them under special classes of properties. They will be given special rates of assessment levels
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