2. 2. Eminent domain refers to the power of the government to take private property and convert it into public use upon payment of just compensation. To make the expropriation, at what percentage of the FMV must be paid as a down payment?

3. 3. What is the maximum percentage of agricultural lands that an LGU council in an highly urbanized and independent component cities, may reclassify lands according to their intended or better economic use.

4. 4. What is the maximum percentage of agricultural lands in component cities & 1st to 3rd class municipalities that may be reclassified according to their intended or better economic use?

5. 5. The maximum percentage of agricultural lands in 4th tot 6th class municipalities that may be classified according to their intended or better economic use.

6. 6. Taxing powers of LGUs does not extend to the following:
   I. Income tax

   1. II. CGT

   2. III. DST

   3. IV. Taxes in estates, inheritance, gifts, legacies, and other acquisitions

      1. V. VAT

7. 7. Provinces may levy professional tax including real estate practicioners not exceeding:

8. 8. Unpaid delinquent taxes will be subject to _ for a maximum period of __ months.

9. 9. Within _ days after levy, the local treasure shall proceed with public advertisement for the sale/auction of the property

10. 10. The following are personal property exempt from distraint/levy:

I. Tools and implementation used by delinquent taxpayers in his trade/employment

II. One goat, cow, carabao used in his ordinary occupation

III. Personal clothing

IV. Household furniture

V. Crops of the family for 6 months

VI. Professional library

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

12. 12. It refers to a levy on real property determined on the basis of a fixed proposition on the value of the property.

13. 13. It refers to the cost of newly acquired machinery not yet depreciated or the cost of machinery to its present owner

14. 14. It is the estimated period over which it is anticipated that a machinery or equipment may be profitably utilized.

15. 15. It is the value remaining after deducting depreciation from the acquisition cost.

16. 16. It is a valuable addition made to a property or an amelioration in its condition.

17. 17. It is the period of time expressed in years from the date of appraisal to the dat when the machinery becomes valueless.

18. 18. It is the assignment of new assessed value to a property, particularly real estate, as the result of a general, partial, or individual reappraisal of the property.

19. 19. It is the value corresponding to the remaining useful life of the machinery.

20. 20. It 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.

21. 21. Assessment level for residential land

22. 22. Assessment levels for agricultural land:

23. 23. Assessment level for mineral lands:

24. 24. Assessment levels for timberland lands:

25. 25. Assessment level for residential machineries:

26. 26. Assessment levels for agricultural machineries:

27. 27. Assessment level for commercial machineries:

28. 28. Assessment levels for industrial machineries:

29. 29. Assessment levels for local water district/government owned corporation:

30. 30. Assessment level for hospitals, and real properties devoted for cultural and scientific purposes

31. 31. The provincial, city, municipal assessor shall undertake a general revision of real property assessment within 2 years after the effectivity of the Local Government Code and every _ years thereafter.

32. 32. All assessments or re-assessment made after 1st day of January of any year shall take effect on:

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

34. 34. The cost in foreign currency of imported machinery shall be converted to peso cost on the basis of foreign currency exchange rates as fixed by the:

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

36. 36. The basic tax in provinces and cities is not exceeding _ and _ of the assessed value of real property

37. 37. The additional levy for Special Education Fund (SEF) is at what percentage?

38. 38. Distribution of proceeds for basic tax in case of provinces:

39. 39. Distribution of Proceeds for Basic Tax for Municipalities in Case of Provinces

40. 40. Distributions of proceeds for basic tax for barangays (Province-Municipality-Barangay)

41. 41. Distribution of proceeds for basic tax of cities in case of cities:

42. 42. Distribution of proceeds of basic tax for barangays in case of Cities.

43. 43. Distribution of proceeds for basic tax in Metro Manila.

44. 44. Distribution of proceeds for basic tax for municipalities in Metropolitan Manila

45. 45. Distribution of proceeds for basic tax for barangays in Metropolitan Manila

46. A residential land with a total area of 85 sqm was bought in 2012 for P5, 340/sqm in Pasig City. Compute the market value of the property.

47. 47. A residential land with a total area of 85 sqm was bought in 2012 for P5, 340/sqm in Pasig City. Compute the assessed value of the property.

48. 48. A residential land with a total area of 85 sqm was bought in 2012 for P5, 340/sqm in Pasig City. Compute the real property tax of the property.

49. 49. The act or process of determining the value of a property as of specific date for a specific purpose.

50. 50. A change of name of a public school shall be made only upon the recommendation of the ________ concerned.

51. 51. This refers to any person who, either for himself or on commission, travels from one place and sells his goods or offers to sell and deliver the same

52. 52. The one whose business is to buy and sell merchandise, goods, and chattels as a merchant

53. 53. Transient visitors are exempted from community tax when their stay in the Philippines does not exceed:

54. 54. Duty of Official Issuing Building Permit or Certificate of Registration of Machinery to transmit copy to the:

55. 55. Agricultural lands planted to permanent perennial crops with at least __ to a hectare shall not be considered idle lands. Lands actually used for grazing purposes shall likewise not be considered idle lands.

56. 56. Refers to a financial plan embodying the estimates of income and expenditures for one (1) fiscal year

57. 57. Refers to an authorization made by ordinance, directing the payment of goods and services from local government funds under specified conditions/specific purposes.

58.

59. 59. Refers to appropriations for the purchase of goods and services, the benefits of which extend beyond the fiscal year and which add to the assets of the local government unit concerned, including investments in public utilities such as public markets and slaughterhouses.

60. 60. Refers to a sum of money, or other assets convertible to cash, set aside for the purpose of carrying out specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations, and constitutes as independent fiscal and accounting entity

61. 61. Refers to all revenues and receipts collected or received forming the gross accretions of funds of the local government unit.

62. 62. Refers to an amount committed to be paid by the local government unit for any lawful act made by an accountable officer for and in behalf of the local unit concerned

63. 63. Refers to appropriations for the payment of salaries, wages, and other compensation of payment, temporary, contractual, and casual employees of the local government unit.

64. 64. Refers to income derived from the regular system, of taxation enforced under authority of law or ordinance, and as such, accrue more or less regularly every year.

65. 65. The Local Finance Committee is composed of the following, except:

68. 68. Each head of department/office shall submit a budget proposal for his department/office to the local chief executive on/before the ____ of each year

69. 69. The local chief executive shall submit the said executive budget to the Sanggunian concerned not later than the ____ of the current fiscal year.

70. 70. Any owner or person having legal interest in the (natabunan) . . . satisfied with the action of the provincial, city or municipal assessor in the assessment of his property may, within sixty (60) days from the date of receipt of the written notice of assessment, appeal to the - of the provincial or city by filing a petition under oath in the form prescribed for the purpose, together with copies of the tax declarations and such affidavits or documents submitted in support of the appeal.

71. 71. What is the standard tax period for all local taxes, fees, and charges?

72. 72. What is the annual penalty imposed on unpaid community tax after the due date?

73. 73. To avoid delinquency, the community tax certificate must be paid until ____ each year.

74. 74. How long does a taxpayer have to file a protest upon receiving a notice of assessment from the local treasurer?

75. 75. A landowner sold his lot to a buyer. When must the seller notify the local assessor about this transfer?

76. 76. Who shall prepare a list of properties in the assessment roll showing the names of the landowners, lot and title numbers, areas, land classification, market and assessed values taken from existing tax declaration of all land parcels within the urban zone?

77. 77. A property is located in a commercial zone but is actually being used as a church. For assessment purposes, how should it be classified?

78. 78. A general revision of property assessment was conducted last 2022. Following the mandate of RA 7160, when should the next revision be conducted at the latest?

79. 79. Within how many days from receipt of the written notice of assessment may a property owner file an appeal to the Local Board of Assessment Appeals?

80. 80. The Chairman of the LBAA in a province/city is?

81. 81. In the absence of the Registrar of Deeds, who shall take over as the Chairman of the LBAA?

82. 82. How long does the Local Board of Assessment Appeals have to render a decision on an appeal?

83. 83. If either party is not satisfied with the decision of the Local Board, where may an appeal be filed?

84. 84. The term of office of the Chairman of the CBAA is?

85. 85. What minimum classifications must members of the CBAA should possess?

86. 86. Which of the following is exempt from real property tax under section 234?

87. 87. How many chapters are there in the Manual on Real Property Appraisal and Assessment Operations (MRPAAO)?

88. 88. Refers to the manner of utilization of land, including its allocation, development, and management.

89. 89. Refers to the act/process of changing the current use of a piece of agricultural land into some other uses as approved by the Department of Agrarian Reform (DAR)

90. 90. Refers to the act of specifying how agricultural lands shall be utilized for nonagricultural uses such as residential, commercial or industrial, as embodied in the land use plan, subject to the requirements and procedures for land use conversion. It also includes the reversion of non- agricultural lands to agricultural use.

91. 91. It is the delineation/division of a city/municipality into functional zones where only specific land uses are allowed. It directs and regulates the use of all lands in the community in accordance with an approved or adopted land use plan for the city/municipality. It prescribes setback provisions, minimum lot sizes, building heights and bulk.

92. 92. Refers to a local legislation approving the development control/zoning plan and providing for the regulations and other conditions on the uses of land.

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

94. 94. A strip of land along the seashore, the use of which may or may not be granted by the government to private persons/corporations.

95. 95. Refers to a catchments area o drainage basin from which the water of a stream system is drawn

96. 96. A track of low-lying land usually under water

97. 97. It is a term applied to the type of forrest occurring on tidal flat along the seacoast, extending along stream where the water is brackish.

98. 98. It is the land specifically devoted to various fruit trees and plants.

99. 99. This is the method of land valuation in the absence of vacant land sales, whereby improvement values obtained from cost model are subtracted from sales prices of improved parcels to yield residual land value estimates.

100. 100. For newly-acquired machinery not yet depreciated and appraised within the year of its purchase, refers to the actual cost of the machinery to its present owner, plus the cost of transportation, handling, and installation at the present site. The cost may also include freight and insurance charges, brokerage, customs duties

101. 101. This is the amount of money necessary to produce, create, or manufacture an item or property.

102. 102. The relationship between a thing desired and a potential purchaser. It also refers to the present worth of future benefits arising out of ownership of property.

103. 103. It is a building including the land it actually occupies and the adjacent ground or vegetable garden for the use of the parish priest in the ordinary life. It is also defined as a "monastery or nunnery"

104. 104. It is a building set apart for public worship; a place of worship of any religion

105. 105. It is used by religious organization as a place for public worship and the education for men for priesthood which mainly involves religious instructions, is deemed considered used for religious purposes.

106. 106. It is a ministerial residence used in connection with any place of worship of any denomination. It shall include the house appurtenant to a cathedral, to a synagogue, or to a country-meeting house.

107. 107. It is an islamic place of public religious worship

108. 108. Means a use of such property by a religious society or body of persons as stated for public worship, Sunday schools and religious instructions.

109. 109. It refers to any body of persons or trust established for charitable purposes such as relief of poverty; advancement of education; advancement of religion; and other purposes of a charitable nature beneficial to the community.

110. 110. Refer to damages to other interests of the owner that can be attributed to the expropriation

111. 111. It is the increase in the value of the other interests of the property owner that can be attributed to the new use to which his former property will be put by the expropriating authority.

112. 112. It involves collection of all real property taxes and penalties due and payable to the local government unit (LGU) through the positive and total enforcement of tax laws and their penal provisions

113. 113. It is the RPTA Information kit for the use of LGU officials, assessors and treasurers in the RPTA Project.

114. 114. It is a reference point from which the value of other similar properties is measured. To be consistent in determining the quality level of construction, quality class benchmarks for class, age and type of structure shall be established.

115. 115. It is a duly registered association of persons with a common bond of interest, who have voluntarily joined together to achieve a lawful common or social economic end, making equitable contributions to the capital required and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principles.

116. 116. It refers to housing programs and projects covering houses and lots or home lots only undertaken by the government or the private sector for the underprivileged and homeless citizens which shall include sites and service developments, long-term financing, liberalized terms on interest payments, and such other benefits in accordance with R. A. 7279.

117. 117. It is the classification and administration of all designated protected areas to maintain essential ecological processes and life-support system, to preserve genetic diversity, to ensure sustainable use of resources of forest therein, and to maintain their natural condition to the extent possible.

118. 118. It is also called value in use

119. 119. In general economic theory, it is the capacity of an economic good to satisfy human desires or needs

120. 120. It is the most probable use of a property which is physically possible, appropriately justified, legally permissible, financially feasible and which results in the highest value of the property being valued.

121. 121. It is the date the conclusion or opinion rendered in an appraisal is applicable and valid. The date of appraisal identifies the market conditions that existed when the appraisal was made.

122. 122. It is a building/compartment of a building used for housing an automotive vehicle

122. 123. An open sided roofed automobile shelter that is usually formed by an extension of the roof from the side of a building

124. 124. Embraces machines, equipment, mechanical contrivances, instruments, appliances or apparatus which may/may not be attached, permanently/temporarily to the real property

125. 125. It is a valuable addition made on the property or an amelioration in its condition, which is more than a mere repair or replacement of parts involving capital expenditures and labor, intended to enhance its value, beauty or utility or to adapt it for new or further purposes.

126. 126. They are permanent structures adhered to the land usually used for habitation, commercial and industrial purposes and for other various uses and not mere superimpositions on the land like a "barong

     -barong" or quonset fixtures.

127. 127. They are those machineries, equipment, appliances, or apparatus permanently attached to residential land and/or buildings.

128. 128. It refers to specific sites for tourism development located in areas identified as priorities in the national and regional tourism master plans, as well as those designated through legislation and executive issuances as tourist zones which can be developed into tourism estates or integrated resort, leisure and recreation complexes, and other tourism-related facilities.

Clue: Siquijor

128. 129. It refers to selected areas which have the potential to be developed into agroindustrial, industrial, tourist/recreational, commercial, banking, investment and financial centers. An ecozone may contain any or all of the following: industrial estates, export processing zones, free trade zones, and tourist recreational centers.

133. It is a cemetery owned and operated by the government, by religious corporations, by associations and societies exclusively for its members.

134. It is an area/place where the dead are buried, a place of burial set apart either by municipal authority/private enterprise for the internment of the dead, etc.

135. These are lands exclusively used as burial ground and developed for profit.

141. Means of assigning on every parcel of land and upon all taxable improvements on such lands, a current and fair market value, an assessment level to be able to arrive at an assessed value for each land and each improvement.

142. This is the act or process of determining the value of a property or proportion thereof subject to tax, including the discovery, listing, classification and appraisal of properties.

It is the process of converting into present value or obtaining the present worth of a series of anticipated future periodic installment of net income

It is the process of valuing a group of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing.

It is the cost of constructing an exact replica of the building being appraised based on current prices of labor and materials and contractor's practices.

It is the cost of constructing a similar property which is equally desirable and has the same utility as the one under appraisal

It is the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in arm's length transaction (a transaction between independent, unrelated parties involving no irregularity) after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion.

The following are government forces influencing value except:

The following are social forces influencing value except

The following are physical/environmental forces influencing value except:

The following are economic forces influencing value except

The value is determined by the interaction of the forces of supply and demand in the appropriate market as of the date of appraisal.

It is the use from among all reasonable, probable, and legal uses that is found to be physically possible, appropriately justified, and financially feasible and which results in the maximum property.

It states that a prudent purchaser would pay no more for a property than the cost of acquiring an equally desirable substitute in the market

The value of an agent in production or a component of a property depends on how much it contributes to the whole, or how much its absence detracts from the value of the whole

Holds that profit tends to breed competition and excess profit tends to ruinous competition

When successive increments of one or more factors in production are added to a fixed amount of the factors, there is a resulting enhancement in income up to a point of maximum returns. Any incremental addition thereafter results in a diminishment of income.

Balance among the factors of production is achieved at the point of diminishing returns, which is the point of maximum value.

A type of engineering controlled survey map for individual parcels (agricultural, residential, etc)

A type of engineering controlled survey map for individual parcels (agricultural, residential, etc)

A type of engineering controlled survey map for subdividing public domain land

A type of engineering controlled survey maps for land claimed by individuals/organizations

A type of engineering controlled survey map for land administered by the National Government

A type of engineering controlled survey map for converting graphical cadastral lots

A type of engineering controlled survey maps for large areas, used in large registration

A type of engineering controlled survey map which considers the earth's curvature, for large scale accuracy

A type of engineering-controlled survey map that shows elevations/contours via contour lines.

A type of engineering-controlled map that shows location and layout of roads

A type of engineering controlled survey map from ROD/LRA for original land titles and decrees.

A surveying method which uses transit to measure angles and bearings when no maps are available. This surveying methods needs geodetic engineer.

A surveying method which uses compass for direction and tape for distance when no maps are available. It is plotted on tracing paper.

Part of the survey team composition, typically a tax mapper, who operates the transit or compass.

Part of the survey team composition, who is typically a mapper, who sets up traverse stations and acts as foresight man

Part of the survey team composition, typically a tax mapping aide, which measures distances and boundaries

Part of the survey team composition, typically a barangay official/local appointee, who assists with identifying owners and lout boundaries.