Fundamental Principles

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1. Whose principally or predominantly utilized purpose informs the LGC actual-use definition? Multiple Choice Easy
2. Market value is P1.5 million and the applicable assessment level is 20%. What is assessed value, assuming the stated la… Multiple Choice Medium
3. A lessee principally uses a parcel as a commercial warehouse. The owner calls the lease agricultural, but the actual us… Multiple Choice Medium
4. A new market valuation is approved. An official says every percentage increase in market value must automatically produ… Multiple Choice Hard
5. An LGU lawfully procures technical data assistance while public officials retain the binding appraisal, classification,… Multiple Choice Hard
6. Distinguish market value, assessed value and the ultimate real-property tax computation. Explain why a valuation increa… Essay Hard
7. A tenant’s established principal use contradicts the owner’s chosen property label. Apply the actual-use definition wit… Essay Hard
8. Distinguish an otherwise authorized consultant gathering technical information from an arrangement giving a private fir… Essay Hard