Practice question
Does the first-level real-property threshold include assessed value exactly PHP400,000?
- No; exactly 400,000 necessarily exceeds 400,000.
- Yes; the text says does not exceed PHP400,000.
- Only the market price decides in every case.
- Only the plaintiff's age matters.
- Every publiciana necessarily belongs to the Supreme Court.
Legal references
- RA11576 Sections1-2, current assessed-value allocation: https://lawphil.net/statutes/repacts/ra2021/ra_11576_2021.html
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