Land Valuation

and Fiscal
Cadastre
• Land as a Financial Asset
• Land Taxation
• Land Values
• Land Valuation and
Assessment
• Fiscal Cadastre
 Land Valuation and Fiscal Cadastre

Land as a Financial Asset

 Asset
- economic resource

 Tangible
− Buildings
− Equipment

 Intangible
− Rights
− Nonphysical Resources
 Land Valuation and Fiscal Cadastre

Land as a Financial Asset

 Land earns rent
 Land as capital investment
 Land Valuation and Fiscal Cadastre

Land Taxation
 How is it taxed?
 Area-based Assessment
 Market Value Assessment
 Rental Value Assessment
 Self-Assessment
 Land Valuation and Fiscal Cadastre

Land Values
 Commonly based on the prevalent
market value in the area where the land is
located
 Land Valuation and Fiscal Cadastre

Where should we assess our land?

 Office of the City Assessor
 Private Appraiser
 Bank
 Land Valuation and Fiscal Cadastre

Who will assess the land?

 City Assessors
 Private Appraiser
 Bank
 Land Valuation and Fiscal Cadastre

What is the price of the assessed land?

 You can never really tell what’s the price of
a land
 Based on different and many factors (e.g.
location of land, improvements in the land,
assessor’s assessment, etc.)
 Based on the classification of lands
 Land Valuation and Fiscal Cadastre

General Procedure in Assessing the land

(Office of the City Assessors)
1. Client fills up request form, gets order
payment from receiving section and pays
service fee to CTO of 25 pesos
2. Client submits requirement to receiving
section
3. Claim stub with due date will be given to
client
 Land Valuation and Fiscal Cadastre

Wait for the priority

Evaluation Queuing Machine
number to be
Counter for Transactions
displayed in the tv
Priority Number
monitor

Receiving Section

Tax Mapping Division Releasing Section

 Land Valuation and Fiscal Cadastre

Requirements needed to
comply in the assessing of land
 Discovery Land
 Transfer Certificate of Title (xerox)
 Special Power of Attorney w/ xerox copy of
Signatories and Authorized Representative
(xerox)
 Secretary’s Certificate w/ xerox ID of
Signatories and Authorized Representative, if
Corporation (xerox)
 Service Fee P25.00 per Tax Declaration
(original official receipt)
 Land Valuation and Fiscal Cadastre

Transfer Land and Building

 Transfer Certificate of Title (xerox)
 Tax Declaration (xerox)
 Deed of Sale/Exchange/Partition/Extrajudicial
Settlement of Estate/Certificate of Sale (xerox)
 BIR CAR (xerox)
 Special Power of Attorney w/ xerox copy of
Signatories and Authorized Representative (original)
 Secretary’s Certificate w/ xerox ID of Signatories and
Authorized Representative, if Corporation (xerox)
 Service Fee P25.00 per Tax Declaration (original
official receipt)
 Land Valuation and Fiscal Cadastre

Reclassification
 Letter Request (original 2 copies)
 Zoning Certificate (original)
 Tax Declaration (xerox)
 Tax Clearance (xerox)
 Special Power of Attorney w/ xerox copy of
Signatories and Authorized Representative
(oroginal)
 Secretary’s Certificate w/ xerox ID of Signatories
and Authorized Representative, if Corporation
(xerox)
 Service Fee P25.00 per Tax Declaration (original
official receipt)
 Land Valuation and Fiscal Cadastre

Fiscal Cadastre
 Cadastre designed for property tax
purposes
 A register of properties recording their value
 property valuation and land taxation
 Land Valuation and Fiscal Cadastre

Functions of Fiscal Cadastre:

(Dale and McLaughlin, 1988)
 information base for property taxation
 distribution of funds from public programs
 monitoring and supporting land markets
 information for growth management and
land use planning
 Land Valuation and Fiscal Cadastre

 Reported by:

 Lape, Angelie M.
 Lomarda, BF Junell C.