Practice question
Explain why valuation of an exempt property under RA 12001 does not by itself remove its exemption.
Legal references
- RA12001, Sections13–18 and38: https://lawphil.net/statutes/repacts/ra2024/ra_12001_2024.html
- RA12001 IRR: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/101194
- Pisón v. City of Iloilo, GR272170, January28 2026, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/70361
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