Real Property Taxation (Ra 7160)

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1.  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

Explanation

Section 201. Appraisal of Real Property. - 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

Submit
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About This Quiz
Real Property Taxation (Ra 7160) - 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,... see moreand equity in taxation, essential for professionals in real estate and public administration. see less

2. 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.

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.

Submit
3. __________ 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

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

Submit
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.

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.

Submit
5. The appraisal and assessment of real property shall be equitable.

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.

Submit
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.

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.

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

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

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.

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

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

Submit
11. ___________ is land principally devoted to habitation.

Explanation

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

Submit
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;

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;

Submit
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.

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.

Submit
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.

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.

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

Explanation

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

Submit
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;

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;

Submit
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.  

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;

Submit
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;

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;

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

Explanation

Patented" mineral lands are those lands covered by a duly issue mineral patent signed by the President of the Philippines.

Submit
20. 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.

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;

Submit
21. 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;

Submit
22. Real property shall be appraised at its current and __________.

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;

Submit
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  

Explanation

a) On Lands:
CLASS ASSESSMENT LEVELS
Residential 20%
Agricultural 40%
Commercial 50%
Industrial 50%
Mineral 50%
Timberland 20%

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

Explanation

(a) On Lands:
CLASS ASSESSMENT LEVELS
Residential 20%
Agricultural 40%
Commercial 50%
Industrial 50%
Mineral 50%
Timberland 20%

Submit
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;

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;

Submit
26. 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.

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.

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

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.

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

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

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

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.

Submit
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.

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

Submit
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.

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.

Submit
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.

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.

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

Explanation

Marsh Land – a tract of low-lying land usually under water.

Submit
34. Who is the Chairman of the City Board of Assessment Appeals? a) City Assessor b) City engineer c) City Prosecutor d)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

Submit
35. 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.

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.

Submit
36. Those claims producing minerals for commercial purposes.

Explanation

"Producing patented mineral claims" are those claims producing minerals for commercial purposes.

Submit
37. 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

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.

Submit
38. What is the title of Presidential Decree No. 464?

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.

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

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.

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

Explanation

(j) "Depreciated Value" is the value remaining after deducting depreciation from the acquisition cost;

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

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.

Submit
42. 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.

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.

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

Explanation

(s) "Remaining Value" is the value corresponding to the remaining useful life of the machinery;

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

Explanation

Horticultural Land – is land devoted to or cultivated for planting of vegetables, flowers and other ornamental plants;

Submit
45. 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. 

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.

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

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.

Submit
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

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.

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

Explanation

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

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

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;

Submit
50. 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. What is the maximum assessment level for these class of real property?

Explanation

(d) On Special Classes: The assessment levels for all lands buildings, machineries and other improvements;
Actual Use Assessment Level
Local water districts 10%
Government-owned or controlled corporations engaged in the supply and distribution of water and/or generation and transmission of electric power 10%

Submit
51. A province or city, or a municipality within the Metropolitan Manila Area, may levy an annual tax on idle lands at the rate not exceeding _____ of the assessed value of the property which shall be in addition to the basic real property tax.

Explanation

Section 236. Additional Ad Valorem Tax on Idle Lands. - A province or city, or a municipality within the Metropolitan Manila Area, may levy an annual tax on idle lands at the rate not exceeding five percent (5%) of the assessed value of the property which shall be in addition to the basic real property tax.

Submit
52. Every person by or for whom real property is declared, who shall claim tax exemption for such property shall file with the assessor concerned within ____ days from the date of the declaration of real property sufficient documentary evidence in support of such claim including corporate charters, title of ownership, articles of incorporation, by-laws, contracts, affidavits, certifications and mortgage deeds, and similar documents.

Explanation

Section 206. Proof of Exemption of Real Property from Taxation. - Every person by or for whom real property is declared, who shall claim tax exemption for such property under this Title shall file with the provincial, city or municipal assessor within thirty (30) days from the date of the declaration of real property sufficient documentary evidence in support of such claim including corporate charters, title of ownership, articles of incorporation, by-laws, contracts, affidavits, certifications and mortgage deeds, and similar documents.

Submit
53. It is land specifically devoted to various fruit trees and plants;

Explanation

Orchard – is land specifically devoted to various fruit trees and plants;

Submit
54. The remaining value for all kinds of machinery shall be fixed at not less than __________ of such original, replacement, or reproduction cost for so long as the machinery is useful and in operation.

Explanation

: Provided, however, That the remaining value for all kinds of machinery shall be fixed at not less than twenty percent (20%) of such original, replacement, or reproduction cost for so long as the machinery is useful and in operation.

Submit
55. The Members of the Board of Assessment Appeals shall serve as such in an ex officio capacity with additional compensation.

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.

Submit
56. When real property is assessed for the first time or when an existing assessment is increased or decreased, the assessor shall within _____ days give written notice of such new or revised assessment to the person in whose name the property is declared.

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.

Submit
57. It is defined as that use without anything intervening proximately or without an intervening agency or person.

Explanation

Directly used is defined as that use without anything intervening proximately or without an intervening agency or person.

Submit
58. The chairman and the members of the Board must be  __________ for at least ten (10) years immediately preceding their appointment.

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.

Submit
59. For purposes of assessment, a depreciation allowance shall be made for machinery at a rate not exceeding _____ of its original cost or its replacement or reproduction cost, as the case may be, for each year of use.

Explanation

Section 225. Depreciation Allowance for Machinery. - For purposes of assessment, a depreciation allowance shall be made for machinery at a rate not exceeding five percent (5%) of its original cost or its replacement or reproduction cost, as the case may be, for each year of use: Provided, however, That the remaining value for all kinds of machinery shall be fixed at not less than twenty percent (20%) of such original, replacement, or reproduction cost for so long as the machinery is useful and in operation.

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

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.

Submit
61. Appeal on assessments of real property made under the provisions of this Code shall suspend the collection of the corresponding realty taxes on the property involved as assessed by the assessor, without prejudice to subsequent adjustment depending upon the final outcome of the appeal.

Explanation

Section 231. Effect of Appeal on the Payment of Real Property Tax. - Appeal on assessments of real property made under the provisions of this Code shall, IN NO CASE , suspend the collection of the corresponding realty taxes on the property involved as assessed by the provincial or city assessor, without prejudice to subsequent adjustment depending upon the final outcome of the appeal.

Submit
62. It shall also be the duty of any person, acquiring at any time real property, to prepare, or cause to be prepared, and file with the assessor concerned, a sworn statement declaring the true value of subject property, within _____ days after the acquisition of such property or upon completion or occupancy of the improvement, whichever comes earlier.

Explanation

Section 203. Duty of Person Acquiring Real Property or Making Improvement Thereon. - It shall also be the duty of any person, or his authorized representative, acquiring at any time real property in any municipality or city or making any improvement on real property, to prepare, or cause to be prepared, and file with the provincial, city or municipal assessor, a sworn statement declaring the true value of subject property, within sixty (60) days after the acquisition of such property or upon completion or occupancy of the improvement, whichever comes earlier.

Submit
63. 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 _____ days from the date any such cause or causes occurred, and shall take effect at the beginning of the quarter next following the reassessment.

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.

Submit
64. It is the percentage applied to the fair market value to determine the taxable value of the property.

Explanation

(g) "Assessment Level" is the percentage applied to the fair market value to determine the taxable value of the property;

Submit
65. The Board of Assessment Appeals shall decide the appeal within __________ days from the date of receipt of such appeal. 

Explanation

(a) The Board shall decide the appeal within one hundred twenty (120) days from the date of receipt of such appeal. The Board, after hearing, shall render its decision based on substantial evidence or such relevant evidence on record as a reasonable mind might accept as adequate to support the conclusion.

Submit
66. Which of the ff. classification is not among the special class of real property? a) Cultural b) Educational c) Hospital d) Scientific

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.

Submit
67. The Chairman and Members of the Central Board of Assessment Appeals are appointed by the ______.

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.

Submit
68. For purposes of effective fiscal management, Metropolitan Manila was divided into the four Local Treasury and Assessment Districts. What is this Presidential Decree creating the Local Treasury and Assessment Districts?

Explanation

PRESIDENTIAL DECREE No. 921 April 12, 1976
PROVIDING FOR THE ADMINISTRATION OF LOCAL FINANCIAL SERVICES IN METROPOLITAN MANILA, CREATING LOCAL TREASURY AND ASSESSMENT DISTRICTS THEREIN, AND FOR OTHER PURPOSES

Submit
69.  This Act shall be known as the Assessment Law.

Explanation

COMMONWEALTH ACT NO. 470 - ASSESSMENT LAW
Section 1. Title of this Act. — This Act shall be known as the Assessment Law.

Submit
70. These are mineral lands which were located as mining claims under the provisions of the Philippine Bill of 1902.

Explanation

"Unpatented" mineral lands are those lands which were located as mining claims under the provisions of the Philippine Bill of 1902 but are not yet covered by a mineral patent.

Submit
71. This Code shall govern the appraisal and assessment of real property for purposes of taxation by provinces, cities and municipalities, as well as the levy, collection and administration of real property tax.

Explanation

Presidential Decree No. 464 is the correct answer because it is the specific code that governs the appraisal and assessment of real property for taxation purposes by provinces, cities, and municipalities. It also covers the levy, collection, and administration of real property tax. This decree provides the legal framework and guidelines for the taxation of real property, ensuring that it is done in a fair and consistent manner across different regions and local government units.

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

Explanation

(d) On Special Classes: The assessment levels for all lands buildings, machineries and other improvements;
Actual Use Assessment Level
Cultural 15%
Scientific 15%
Hospital 15%
Local water districts 10%
Government-owned or controlled corporations engaged in the supply and distribution of water and/or generation and transmission of electric power 10%

Submit
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 All real property, whether taxable or exempt, shall be appraised...
It shall be the duty of all persons, natural or juridical, owning or...
__________ is land devoted principally to the planting of trees,...
All lands, buildings, and other improvements thereon actually,...
The appraisal and assessment of real property shall be equitable.
If the required evidence or proof of exemption is not submitted within...
__________ is land devoted principally for the object of profit and is...
All lands, buildings, and other improvements thereon actually,...
____________ is land devoted principally to industrial activity as...
 __________ is the fair market value of the real property...
___________ is land principally devoted to habitation.
___________ are lands in which minerals, metallic or non-metallic,...
The sworn declaration of real property shall be filed with the...
The real property tax for any year shall accrue on the _____ and from...
Taxable Value is the fair market value of the real property multiplied...
Mangrove Land – is a term applied to the type of forest...
Which of the ff. statement is incorrect? ...
________ is the price at which a property may be sold by a seller who...
These are mineral lands covered by a duly issued mineral patent signed...
It is land identified as forest or reserved area by the government,...
The appraisal, assessment, levy and collection of real property tax...
Real property shall be appraised at its current and __________.
The maximum assessment level for land is 50%. Which of the ff....
What is the maximum assessment level for Mineral , Industrial and...
It is a strip of land along the seashore, the use of which may or may...
It is a parcel of mineral land containing a vein, lode, ledge, lens,...
Any person who shall transfer real property ownership to another shall...
Real property shall be classified for assessment purposes on the basis...
Those claims which are only in the stage of exploration and...
It is defined as an act or fact in reality. It is something real or...
Real property declared for the first time shall be assessed for taxes...
Exclusively used means the primary or inherent use and does not...
It is a tract of low-lying land usually under water.
Who is the Chairman of the City Board of Assessment Appeals? ...
The chairman and the members of the Central Board of Assessment...
Those claims producing minerals for commercial purposes.
Which of the ff. is not a member of the City Board of Assessment...
What is the title of Presidential Decree No. 464?
What is the maximum assessment level for Cultural, Hospital and...
___________ is the value remaining after deducting depreciation from...
The filing period of the sworn declaration of real property is from...
The ff. statements are collectively known as __________. ...
__________ is the value corresponding to the remaining useful life of...
It is land devoted to or cultivated for planting of vegetables,...
The Central Board of Assessment Appeals shall be composed of a...
In what manner of delivery must the Notice of New or Revised...
All assessments or reassessments made after the first (1st) day of...
It is a parcel of mineral land that which does not come under the...
Real property shall be assessed on the basis of a uniform...
All lands, buildings, and other improvements thereon actually,...
A province or city, or a municipality within the Metropolitan Manila...
Every person by or for whom real property is declared, who shall claim...
It is land specifically devoted to various fruit trees and plants;
The remaining value for all kinds of machinery shall be fixed at not...
The Members of the Board of Assessment Appeals shall serve as such in...
When real property is assessed for the first time or when an existing...
It is defined as that use without anything intervening proximately or...
The chairman and the members of the Board must be  __________ for...
For purposes of assessment, a depreciation allowance shall be made for...
The sworn declaration of real property shall be filed with the...
Appeal on assessments of real property made under the provisions of...
It shall also be the duty of any person, acquiring at any time real...
The reassessment of real property due to its partial or total...
It is the percentage applied to the fair market value to determine the...
The Board of Assessment Appeals shall decide the appeal within...
Which of the ff. classification is not among the special class of real...
The Chairman and Members of the Central Board of Assessment Appeals...
For purposes of effective fiscal management, Metropolitan Manila was...
 This Act shall be known as the Assessment Law.
These are mineral lands which were located as mining claims under the...
This Code shall govern the appraisal and assessment of real property...
All lands, buildings, and other improvements thereon actually,...
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