Practice question
For the statutory real-property allocation, what comparison applies when the land is not declared for taxation?
- The assessed value of adjacent lots under the statutory proviso.
- Only counsel's preferred sales price.
- Only the defendant's annual salary.
- Only the most expensive building in the country.
- Only an unrelated bank balance.
Legal references
- RA11576 Sections1-2, current assessed-value allocation: https://lawphil.net/statutes/repacts/ra2021/ra_11576_2021.html
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