Practice question
Land lacks a taxation assessment. Explain93’s valuation mechanism and why the court is not bound to accept an inadequately low figure.
Legal references
- PD1529 Property Registration Decree: https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html Sections93–94, statutory contribution and investment framework; not an all-in registration-fee quotation.
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