Real Property Taxation (Ra 7160)

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  • 1/72 Questions

     All real property, whether taxable or exempt, shall be appraised at the current and fair market value prevailing in the locality where the property is situated

    • True
    • False
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About This Quiz

This quiz on REAL PROPERTY TAXATION (RA 7160) assesses knowledge on property appraisal, assessment, and taxation principles under Philippine law. It evaluates understanding of market value, property use, and equity in taxation, essential for professionals in real estate and public administration.

Real Property Taxation (Ra 7160) - Quiz

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  • 2. 

    __________ is land devoted principally to the planting of trees, raising of crops, livestock and poultry, dairying, salt making, inland fishing and similar aquacultural activities, and other agricultural activities, and is not classified as mineral, timber, residential, commercial or industrial land

    • Agricultural Land

    • Commercial Land

    • Industrial Land

    • Residential Land

    Correct Answer
    A. Agricultural Land
    Explanation
    Section 199. Definitions. - When used in this Title: xxx d) "Agricultural Land" is land devoted principally to the planting of trees, raising of crops, livestock and poultry, dairying, salt making, inland fishing and similar aquacultural activities, and other agricultural activities, and is not classified as mineral, timber, residential, commercial or industrial land

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  • 3. 

    It shall be the duty of all persons, natural or juridical, owning or administering real property, to prepare, or cause to be prepared, and file with the assessor concerned, a sworn statement declaring the true value of their property.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Section 202. Declaration of real Property by the Owner or Administrator. - It shall be the duty of all persons, natural or juridical, owning or administering real property, including the improvements therein, within a city or municipality, or their duly authorized representative, to prepare, or cause to be prepared, and file with the provincial, city or municipal assessor, a sworn statement declaring the true value of their property, whether previously declared or undeclared, taxable or exempt, which shall be the current and fair market value of the property, as determined by the declarant. Such declaration shall contain a description of the property sufficient in detail to enable the assessor or his deputy to identify the same for assessment purposes.

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  • 4. 

    All lands, buildings, and other improvements thereon actually, directly and exclusively 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.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Section 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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  • 5. 

    The appraisal and assessment of real property shall be equitable.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Section 198. Fundamental Principles. - The appraisal, assessment, levy and collection of real property tax shall be guided by the following fundamental principles :xxx (e) The appraisal and assessment of real property shall be equitable.

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  • 6. 

    If the required evidence or proof of exemption is not submitted within the prescribed period, the property shall be listed as taxable in the assessment roll.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Section 206. Proof of Exemption of Real Property from Taxation. - xxx If the required evidence is not submitted within the period herein prescribed, the property shall be listed as taxable in the assessment roll. However, if the property shall be proven to be tax exempt, the same shall be dropped from the assessment roll.

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  • 7. 

    __________ is land devoted principally for the object of profit and is not classified as agricultural, industrial, mineral, timber, or residential land

    • Agricultural Land

    • Commercial Land

    • Industrial Land

    • Residential Land

    Correct Answer
    A. Commercial Land
    Explanation
    Section 199. Definitions. - When used in this Title: xxx (i) "Commercial Land" is land devoted principally for the object of profit and is not classified as agricultural, industrial, mineral, timber, or residential land

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  • 8. 

    All lands, buildings, and other improvements thereon actually, directly and exclusively used for hospitals, cultural, or scientific purposes shall be classified as special.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Section 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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  • 9. 

    ____________ is land devoted principally to industrial activity as capital investment and is not classified as agricultural, commercial, timber, mineral or residential land;

    • Agricultural Land

    • Commercial Land

    • Industrial Land

    • Residential Land

    Correct Answer
    A. Industrial Land
    Explanation
    Section 199. Definitions. - When used in this Title: xxx (n) "Industrial Land" is land devoted principally to industrial activity as capital investment and is not classified as agricultural, commercial, timber, mineral or residential land;

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  • 10. 

     __________ is the fair market value of the real property multiplied by the assessment level. It is synonymous to taxable value;

    • Assessed Value

    • Depreciated Value

    • Fair Market Value

    • Remaining Value

    Correct Answer
    A. Assessed Value
    Explanation
    (h) "Assessed Value" is the fair market value of the real property multiplied by the assessment level. It is synonymous to taxable value;

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  • 11. 

    ___________ is land principally devoted to habitation.

    • Agricultural Land

    • Commercial Land

    • Industrial Land

    • Residential Land

    Correct Answer
    A. Residential Land
    Explanation
    Section 199. Definitions. - When used in this Title: xxx (u) "Residential Land" is land principally devoted to habitation.

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  • 12. 

    ___________ are lands in which minerals, metallic or non-metallic, exist in sufficient quantity or grade to justify the necessary expenditures to extract and utilize such materials;

    • Commercial Land

    • Industrial Land

    • Mineral Land

    • All of the above

    Correct Answer
    A. Mineral Land
    Explanation
    Section 199. Definitions. - When used in this Title: xxx (p) "Mineral Lands" are lands in which minerals, metallic or non-metallic, exist in sufficient quantity or grade to justify the necessary expenditures to extract and utilize such materials;

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  • 13. 

    The sworn declaration of real property shall be filed with the assessor concerned once every _____ years during the period from January first (1st) to June thirtieth (30th) commencing with the calendar year 1992.

    • Two

    • Three

    • Four

    • Five

    Correct Answer
    A. Three
    Explanation
    The sworn declaration of real property herein referred to shall be filed with the assessor concerned once every three (3) years during the period from January first (1st) to June thirtieth (30th) commencing with the calendar year 1992.

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  • 14. 

    The real property tax for any year shall accrue on the _____ and from that date it shall constitute a lien on the property which shall be superior to any other lien, mortgage, or encumbrance of any kind whatsoever, and shall be extinguished only upon the payment of the delinquent tax.

    • January 1

    • February 1

    • March 1

    • March 31

    Correct Answer
    A. January 1
    Explanation
    Section 246. Date of Accrual of Tax. - The real property tax for any year shall accrue on the first day of January and from that date it shall constitute a lien on the property which shall be superior to any other lien, mortgage, or encumbrance of any kind whatsoever, and shall be extinguished only upon the payment of the delinquent tax.

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  • 15. 

    Taxable Value is the fair market value of the real property multiplied by the assessment level.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    (h) "Assessed Value" is the fair market value of the real property multiplied by the assessment level. It is synonymous to taxable value;

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  • 16. 

    Mangrove Land – is a term applied to the type of forest occurring on tidal flat along the seacoast, extending along stream where the water is brackish;

    • Foreshore Land

    • Mangrove Land

    • Marsh Land

    • Timberland

    Correct Answer
    A. Mangrove Land
    Explanation
    Mangrove Land – is a term applied to the type of forest occurring on tidal flat along the seacoast, extending along stream where the water is brackish;

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  • 17. 

    Which of the ff. statement is incorrect? a) Real property shall be appraised at its current and fair market value; b) Real property shall be classified for assessment purposes on the basis of its actual use; c) Real property shall be assessed on the basis of a uniform classification within each local government unit; d) The appraisal, assessment, levy and collection of real property tax shall be let to any private person;  e) The appraisal and assessment of real property shall be equitable.

    • (a) Real property shall be appraised at its current and fair market value;

    • (b) Real property shall be classified for assessment purposes on the basis of its actual use;

    • (c) Real property shall be assessed on the basis of a uniform classification within each local government unit;

    • (d) The appraisal, assessment, levy and collection of real property tax shall be let to any private person

    • (e) The appraisal and assessment of real property shall be equitable.

    Correct Answer
    A. (d) The appraisal, assessment, levy and collection of real property tax shall be let to any private person
    Explanation
    Section 198. Fundamental Principles. - The appraisal, assessment, levy and collection of real property tax shall be guided by the following fundamental principles: xxx (d) The appraisal, assessment, levy and collection of real property tax shall NOT be let to any private person;

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  • 18. 

    ________ is the price at which a property may be sold by a seller who is not compelled to sell and bought by a buyer who is not compelled to buy;

    • Assessed Value

    • Depreciated Value

    • Fair Market Value

    • Remaining Value

    Correct Answer
    A. Fair Market Value
    Explanation
    (l) "Fair Market Value" is the price at which a property may be sold by a seller who is not compelled to sell and bought by a buyer who is not compelled to buy;

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  • 19. 

    These are mineral lands covered by a duly issued mineral patent signed by the President of the Philippines.

    • Metallic Mineral Land

    • Non-metallic Mineral Land

    • Patented Mineral Land

    • Unpatented Mineral Land

    Correct Answer
    A. Patented Mineral Land
    Explanation
    Patented" mineral lands are those lands covered by a duly issue mineral patent signed by the President of the Philippines.

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  • 20. 

    Real property shall be appraised at its current and __________.

    • Acquisition Cost

    • Assessed Value

    • Fair Market Value

    • Replacement Cost

    Correct Answer
    A. Fair Market Value
    Explanation
    Section 198. Fundamental Principles. - The appraisal, assessment, levy and collection of real property tax shall be guided by the following fundamental principles: (a) Real property shall be appraised at its current and fair market value;

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  • 21. 

    The appraisal, assessment, levy and collection of real property tax shall be let to any private person;

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Section 198. Fundamental Principles. - The appraisal, assessment, levy and collection of real property tax shall be guided by the following fundamental principles: xxx (d) The appraisal, assessment, levy and collection of real property tax shall NOT be let to any private person;

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  • 22. 

    It is land identified as forest or reserved area by the government, which may or may not be granted to a concessionaire, licensee, lessee or permitee.

    • Foreshore Land

    • Mangrove Land

    • Marsh Land

    • Timberland

    Correct Answer
    A. Timberland
    Explanation
    Timberland – is land identified as forest or reserved area by the government, which may or may not be granted to a concessionaire, licensee, lessee or permitee;

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  • 23. 

    The maximum assessment level for land is 50%. Which of the ff. classification of land have a lower assessment level of 50%? a) Agricultural b) Commercial c) Industrial d) Mineral  

    • Agricultural

    • Commercial

    • Industrial

    • Mineral

    Correct Answer
    A. Agricultural
    Explanation
    a) On Lands:
    CLASS ASSESSMENT LEVELS
    Residential 20%
    Agricultural 40%
    Commercial 50%
    Industrial 50%
    Mineral 50%
    Timberland 20%

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  • 24. 

    What is the maximum assessment level for Mineral , Industrial and Commercial lands?

    • 15%

    • 20%

    • 40%

    • 50%

    Correct Answer
    A. 50%
    Explanation
    (a) On Lands:
    CLASS ASSESSMENT LEVELS
    Residential 20%
    Agricultural 40%
    Commercial 50%
    Industrial 50%
    Mineral 50%
    Timberland 20%

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  • 25. 

    It is a strip of land along the seashore, the use of which may or may not be granted by the government to private persons or corporations;

    • Foreshore Land

    • Mangrove Land

    • Marsh Land

    • Timberland

    Correct Answer
    A. Foreshore Land
    Explanation
    Foreshore Land – a strip of land along the seashore, the use of which may or may not be granted by the government to private persons or corporations;

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  • 26. 

    Any person who shall transfer real property ownership to another shall notify the assessor concerned within sixty _____ from the date of such transfer.

    • 15 days

    • 30 days

    • 45 days

    • 60 days

    Correct Answer
    A. 60 days
    Explanation
    Section 208. Notification of Transfer of Real Property Ownership. - Any person who shall transfer real property ownership to another shall notify the provincial, city or municipal assessor concerned within sixty (60) days from the date of such transfer. The notification shall include the mode of transfer, the description of the property alienated, the name and address of the transferee.

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  • 27. 

    It is a parcel of mineral land containing a vein, lode, ledge, lens, or mass of ore in place which has been located in accordance with law.

    • Lode Mineral Claim

    • Non-producing Patented Mineral Claims

    • Placer Claim

    • Producing Patented Mineral Claims

    Correct Answer
    A. Lode Mineral Claim
    Explanation
    A "lode mineral claim" is a parcel of mineral lands containing a vein, lode, ledge, lens, or mass of ore in place which has been located in accordance with law.

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  • 28. 

    Real property shall be classified for assessment purposes on the basis of its __________.

    • Acquisition Cost

    • Actual Use

    • Assessment

    • Classification

    Correct Answer
    A. Actual Use
    Explanation
    Section 198. Fundamental Principles. - The appraisal, assessment, levy and collection of real property tax shall be guided by the following fundamental principles: xxx (b) Real property shall be classified for assessment purposes on the basis of its actual use

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  • 29. 

    Those claims which are only in the stage of exploration and development and has not produced minerals for commercial production.

    • Lode Mineral Claim

    • Non-producing Patented Mineral Claims

    • Placer Claim

    • Producing Patented Mineral Claims

    Correct Answer
    A. Non-producing Patented Mineral Claims
    Explanation
    "Non-producing patented mineral claims" are those claims which are only in the stage of exploration and development and has not produced minerals for commercial production.

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  • 30. 

    It is defined as an act or fact in reality. It is something real or actually existing as opposed to something merely possible, or to something which is presumptive or constructive.

    • Actually Use

    • Directly Use

    • Exclusively Use

    • All of the above

    Correct Answer
    A. Actually Use
    Explanation
    Actually used is defined as an act or fact in reality; “Actual is something real or actually existing as opposed to something merely possible, or to something which is presumptive or constructive

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  • 31. 

    Real property declared for the first time shall be assessed for taxes for the period during which it would have been liable but in no case of more than _____ years prior to the date of initial assessment.

    • 5

    • 7

    • 10

    • 12

    Correct Answer
    A. 10
    Explanation
    Section 222. Assessment of Property Subject to Back Taxes. - Real property declared for the first time shall be assessed for taxes for the period during which it would have been liable but in no case of more than ten (10) years prior to the date of initial assessment: Provided, however, That such taxes shall be computed on the basis of the applicable schedule of values in force during the corresponding period.

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  • 32. 

    Exclusively used means the primary or inherent use and does not preclude such incidental uses as are directly connected with, essential to, and in furtherance of the primary use.

    • Actually Use

    • Directly Use

    • Exclusively Use

    • All of the above

    Correct Answer
    A. Exclusively Use
    Explanation
    Exclusively used means the primary or inherent use and does not preclude such incidental uses as are directly connected with, essential to, and in furtherance of the primary use.

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  • 33. 

    Who is the Chairman of the City Board of Assessment Appeals? a) City Assessor b) City engineer c) City Prosecutor d)Registrar of Deeds

    • City Assessor

    • City Engineer

    • City Prosecutor

    • Registrar of Deeds

    Correct Answer
    A. Registrar of Deeds
    Explanation
    shall be composed of the Registrar of Deeds, as Chairman, the provinacial or city prosecutor and the provincial, or city engineer as members

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  • 34. 

    It is a tract of low-lying land usually under water.

    • Foreshore Land

    • Mangrove Land

    • Marsh Land

    • Timberland

    Correct Answer
    A. Marsh Land
    Explanation
    Marsh Land – a tract of low-lying land usually under water.

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  • 35. 

    Which of the ff. is not a member of the City Board of Assessment Appeals? a) City Assessor b) City Engineer c) City Prosecutor d) Registrar of Deeds

    • City Assessor

    • City Engineer

    • City Prosecutor

    • Registrar of Deeds

    Correct Answer
    A. City Assessor
    Explanation
    (a) The Board of Assessment Appeals of the province or city shall be composed of the Registrar of Deeds, as Chairman, the provincial or city prosecutor and the provincial, or city engineer as members, who shall serve as such in an ex officio capacity without additional compensation.

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  • 36. 

    The chairman and the members of the Central Board of Assessment Appeals shall be Filipino citizens, at least ______ years old at the time of their appointment.

    • 30

    • 35

    • 40

    • 45

    Correct Answer
    A. 40
    Explanation
    Section 230. Central Board of Assessment Appeals. - The Central Board of Assessment Appeals shall be composed of a chairman, and two (2) members to be appointed by the President, who shall serve for a term of seven (7) years, without reappointment. Of those first appointed, the chairman shall hold office for seven (7) years, one member for five (5) years, and the other member for three (3) years. Appointment to any vacancy shall be only for the unexpired portion of the term of the predecessor. In no case shall any member be appointed or designated in a temporary or acting capacity. The chairman and the members of the Board shall be Filipino citizens, at least forty (40) years old at the time of their appointment, and members of the Bar or Certified Public Accountants for at least ten (10) years immediately preceding their appointment.

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  • 37. 

    Those claims producing minerals for commercial purposes.

    • Lode Mineral Claim

    • Non-producing Patented Mineral Claim

    • Placer Claim

    • Producing Patented Mineral Claims

    Correct Answer
    A. Producing Patented Mineral Claims
    Explanation
    "Producing patented mineral claims" are those claims producing minerals for commercial purposes.

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  • 38. 

    ___________ is the value remaining after deducting depreciation from the acquisition cost;

    • Assessed Value

    • Depreciated Value

    • Fair Market Value

    • Remaining Value

    Correct Answer
    A. Depreciated Value
    Explanation
    (j) "Depreciated Value" is the value remaining after deducting depreciation from the acquisition cost;

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  • 39. 

    What is the maximum assessment level for Cultural, Hospital and Scientific class of real property?

    • 15%

    • 20%

    • 40%

    • 50%

    Correct Answer
    A. 15%
    Explanation
    The maximum assessment level for Cultural, Hospital, and Scientific class of real property is 15%. This means that the assessed value of these types of properties cannot exceed 15% of their market value.

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  • 40. 

    What is the title of Presidential Decree No. 464?

    Correct Answer
    Real Property Tax Code
    Explanation
    Presidential Decree No. 464 is titled the Real Property Tax Code. This decree is a legal document that outlines the regulations and guidelines for the assessment and collection of real property taxes in a specific jurisdiction. It provides a comprehensive framework for determining the value of real properties and the corresponding tax rates that should be applied. The Real Property Tax Code is an essential tool for local governments to generate revenue and ensure fair taxation practices within their jurisdiction.

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  • 41. 

    The ff. statements are collectively known as __________. (a) Real property shall be appraised at its current and fair market value; (b) Real property shall be classified for assessment purposes on the basis of its actual use; (c) Real property shall be assessed on the basis of a uniform classification within each local government unit; (d) The appraisal, assessment, levy and collection of real property tax shall not be let to any private person; and (e) The appraisal and assessment of real property shall be equitable.

    • Basic Principles

    • Fundamental Principles

    • General Principles

    • Taxation Principles

    Correct Answer
    A. Fundamental Principles
    Explanation
    Section 198. Fundamental Principles. - The appraisal, assessment, levy and collection of real property tax shall be guided by the following fundamental principles:

    (a) Real property shall be appraised at its current and fair market value;

    (b) Real property shall be classified for assessment purposes on the basis of its actual use;

    (c) Real property shall be assessed on the basis of a uniform classification within each local government unit;

    (d) The appraisal, assessment, levy and collection of real property tax shall not be let to any private person; and

    (e) The appraisal and assessment of real property shall be equitable.

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  • 42. 

    The filing period of the sworn declaration of real property is from January first (1st) to _________ commencing with the calendar year 1992.

    • January thity-first

    • March thirty-first

    • June thirtieth

    • December thirty-first

    Correct Answer
    A. June thirtieth
    Explanation
    The sworn declaration of real property herein referred to shall be filed with the assessor concerned once every three (3) years during the period from January first (1st) to June thirtieth (30th) commencing with the calendar year 1992.

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  • 43. 

    __________ is the value corresponding to the remaining useful life of the machinery;

    • Assessed Value

    • Depreciated Value

    • Fair Market Value

    • Remaining Value

    Correct Answer
    A. Remaining Value
    Explanation
    (s) "Remaining Value" is the value corresponding to the remaining useful life of the machinery;

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  • 44. 

    It is land devoted to or cultivated for planting of vegetables, flowers and other ornamental plants.

    • Agricultural Land

    • Orchard

    • Horticulture Land

    • All of the above

    Correct Answer
    A. Horticulture Land
    Explanation
    Horticultural Land – is land devoted to or cultivated for planting of vegetables, flowers and other ornamental plants;

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  • 45. 

    In what manner of delivery must the Notice of New or Revised Assessment may be made?

    • Personal Delivery

    • Registered Mail

    • Delivery through the assistance of the punong barangay

    • A & B only

    • All of the above

    Correct Answer
    A. All of the above
    Explanation
    Section 223. Notification of New or Revised Assessment. - When real property is assessed for the first time or when an existing assessment is increased or decreased, the provincial, city or municipal assessor shall within thirty (30) days give written notice of such new or revised assessment to the person in whose name the property is declared. The notice may be delivered personally or by registered mail or through the assistance of the punong barangay to the last known address of the person to be served.

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  • 46. 

    The Central Board of Assessment Appeals shall be composed of a chairman, and _____ members, who shall serve for a term of seven (7) years, without reappointment. 

    • Two

    • Three

    • Four

    • Five

    Correct Answer
    A. Two
    Explanation
    Section 230. Central Board of Assessment Appeals. - The Central Board of Assessment Appeals shall be composed of a chairman, and two (2) members to be appointed by the President, who shall serve for a term of seven (7) years, without reappointment. Of those first appointed, the chairman shall hold office for seven (7) years, one member for five (5) years, and the other member for three (3) years.

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  • 47. 

    All assessments or reassessments made after the first (1st) day of January of any year shall take effect on the first (1st) day of January of the current year

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Section 221. Date of Effectivity of Assessment or Reassessment. - All assessments or reassessments made after the first (1st) day of January of any year shall take effect on the first (1st) day of January of the succeeding year: Provided, however, That the reassessment of real property due to its partial or total destruction, or to a major change in its actual use, or to any great and sudden inflation or deflation of real property values, or to the gross illegality of the assessment when made or to any other abnormal cause, shall be made within ninety (90) days from the date any such cause or causes occurred, and shall take effect at the beginning of the quarter next following the reassessment.

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  • 48. 

    It is a parcel of mineral land that which does not come under the definition of "lode mineral claim."

    • Lode Mineral Claim

    • Non-producing patented mineral claim

    • Placer claim

    • Producing patented mineral claim

    Correct Answer
    A. Placer claim
    Explanation
    A "placer claim" is that which does not come under the definition of "lode mineral claim."

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  • 49. 

    Real property shall be assessed on the basis of a uniform __________within each local government unit;

    • Actual Use

    • Appraisal

    • Assessment

    • Classification

    Correct Answer
    A. Classification
    Explanation
    Section 198. Fundamental Principles. - The appraisal, assessment, levy and collection of real property tax shall be guided by the following fundamental principles: xxx (c) Real property shall be assessed on the basis of a uniform classification within each local government unit;

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  • Current Version
  • Aug 21, 2023
    Quiz Edited by
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  • Dec 04, 2013
    Quiz Created by
    Arenceegee
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