Appraisal and Assessment (See also RA 12001)

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1. Under RA 12001, what standards govern the appraisal and valuation of real property for the covered purposes? Multiple Choice Easy
2. Under RA 12001 Section 16, who certifies that a proposed schedule of market values complies with the latest PVS? Multiple Choice Easy
3. Under RA 12001 Section 14, must exempt real property also be valued or appraised for valuation purposes? Multiple Choice Easy
4. An assessor says a depreciable building must always be valued as if newly constructed because RA 12001 uses prevailing … Multiple Choice Medium
5. The Secretary of Finance takes no action on an endorsed SMV within Section 16's specified period. What does that sectio… Multiple Choice Medium
6. An LGU prepares a new SMV after RA 12001. Officials insist that enactment by the sanggunian under old LGC Section 212 a… Multiple Choice Hard
7. A proposed SMV is remanded because it does not comply with specified PVS standards. The Secretary supplies a written ex… Multiple Choice Hard
8. Describe the basic allocation of functions for preparing and reviewing SMVs under RA 12001. Is old LGC Section 212 stil… Essay Medium
9. Explain why valuation of an exempt property under RA 12001 does not by itself remove its exemption. Essay Medium
10. A local assessor proposes using only selected bank opinions and ignoring PVS because local autonomy permits any conveni… Essay Medium
11. How many mandatory public consultations does RA 12001 Section 15 require within the stated pre-submission period for th… Multiple Choice Easy
12. How long before the consultation and hearing must the proposed SMV be published under Section 15? Multiple Choice Easy