Practice question
Which basis does Section 198 identify for classifying real property for assessment purposes?
- Actual use
- The owner's preferred label alone
- The owner's age
- The language of the title
- The nationality of the architect
Legal references
- RA 7160, Sections 198, 199(b) and 217; https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html
- RA 12001, Sections 35 and 38 (valuation reform and interaction with the Local Government Code); https://lawphil.net/statutes/repacts/ra2024/ra_12001_2024.html
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