Practice question
An applicant’s current tax declaration states real-property fair market value of exactly PHP300,000. Assuming the income criterion and other requirements are met, does that value alone exceed Section 19’s ceiling?
- No, because property value never matters.
- Yes, any ownership of real property automatically exceeds the rule.
- Yes, the ceiling is always zero.
- Yes, because assessed and fair market values must be added.
- No; exactly PHP300,000 is not more than PHP300,000.
Legal references
- Rules of Court, Rule 3, Section 21, as amended: https://lawphil.net/courts/rules/am_19-10-20-sc_2019.html
- Manila Electric Company v. Argentera, G.R. Nos. 224729 and 225049, February 8, 2021, indigency discussion and Rule 141, Section 19: https://lawphil.net/judjuris/juri2021/feb2021/gr_224729_2021.html
Answer this question in flashcards to review your response and continue practicing.