Practice question
Assume Section19 alone governs a local taking and the current tax declaration gives the relevant fair market value as PHP2,000,000. What minimum deposit follows from its 15% formula?
- PHP300,000
- PHP30,000
- PHP2,000
- PHP3,000,000
- No deposit because an ordinance exists
Legal references
- RA7160 Local Government Code: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html Section19 provisional-possession deposit.
- Masikip v. City of Pasig, GR136349, January23 2006, main decision: https://lawphil.net/judjuris/juri2006/jan2006/gr_136349_2006.html Genuine necessity and public-use holdings.
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