Rdo No. 110-General Santos City (Other Municipalities)

N O T I C E

Schedules of Zonal Values per Department Order (DO) -

DO NO.Effectivity Dates

See Details onFrom To

40-98 1st 29-Sep-98 Present

Sarangani Province:

Sheet 1 (DO#40-98)

Alabel, Glan, Kiamba,

Maasin, Maitum, Malapata

and Malungon

78-94 Initial 28-Sep-94 28-Sep-98

Sarangani Province:

Sheet 2 (DO#78-94)

Alabel, Glan, Kiamba,

Maasin, Maitum, Malapata

and Malungon

Revision

City/Municipalities Covered

N O T I C E

See Details on

Sheet 1 (DO#40-98)

Sheet 2 (DO#78-94)

Republic of the PhilippinesDEPARTMENT OF FINANCE

Roxas Boulevard Corner Vito Cruz StreetManila 1004

DEPARTMENT ORDER NO. 40-98FEBRUARY 2, 1998

SUBJECT: IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF ALABEL, GLAN, KIAMBA, MAASIM, MAITUM, MALAPATAN AND MALUNGON UNDER THE JURISDICTION OF REVENUE DISTRICT OFFICE NO. 110 (GEN.SANTOS CITY), REVENUE REGION NO. 18 (COTABATO CITY) FOR INTERNAL REVENUE TAX PURPOSES.

T O : All Internal Revenue Officers and Others concerned.

Section 6(E) of Republic Act No. 8424, otherwise known as the "Tax ReformAct of 1997", authorizes the Commissioner of Internal Revenue to divide thePhilippines into different zones or areas and determine for internal revenue tax purposes, the fair market of the real properties in each zone or area uponconsultation with competent appraisers both from private and sectors. By virtue of said authority, the Commissioner of Internal Revenue hasdetermined the zonal values of real properties (Ist Revision) located in the Municipalities of Alabel, Glan, Kiamba, Maasim, Maitum, Malapatan and Malungon under the jurisdiction of Revenue District Office No. 110 (General Santos City), Revenue Region No. 18 (Cotabato City) after public hearing was conducted on March 11, 1997 for the purpose. This Order is issued to implement the revised zonal values for land to be used in computing any internal revenue tax.

In case the gross selling price or the market value as shown in the schedule ofvalues of the provincial or city assessor is higher than the zonal value establishedherein, such values shall be used as basis for computing the internal revenue tax.

This Order shall take effect immediately.

(Signed)SALVADOR M. ENRIQUEZ

Secretary of Finance

RECOMMENDED BY:

(Signed) LIWAYWAY VINZONS-CHATO

Commissioner of Internal Revenue

DEFINITION OF TERMS

RESIDENTIAL LAND/BUILDING PRINCIPALLY DEVOTED TO HABITATION.

COMMERCIAL LAND/BUILDING DEVOTED PRINCIPALLY TO COMMMERCIAL PURPOSES AND GENERALLY FOR THE OBJECT OF PROFIT.

INDUSTRIAL DEVOTED PRINCIPALLY TO INDUSTRY AS CAPITAL.

AGRICULTURAL DEVOTED PRINCIPALLY TO RAISING OF CROP SUCH AS RICE, CORN, SUGARCANE, TOBACCO, ETC. OR TO PASTURING, DAIRYING, INLAND FISHING, SALT-MAKING, AND OTHER AGRICULTURAL USES INCLUDING TIMBERLAND AND FOREST LAND.

GENERAL PURPOSE RAWLAND, UNDEVELOPED AND UNDERDEVELOPED AREA WHICH HAS POTENTIAL FOR DEVELOPMENT INTO RESIDENTIAL, COMMERCIAL, INDUSTRIAL, INSTITUTIONAL, ETC. MUST NOT BE LESS THAN 5,000 SQUARE METERS.

VICINITY MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A STREET BEING LOCATED.

CLASSIFICATION LEGEND:

CODE CLASSIFICAT CODE CLASSIFICATIONRR Residential Reg GL Governmenrt LandCR Comemrcial Re GP* General PurposesRC Residential I IndustrialCC Commercial X Institutiona;A Agricultural APD Area for Priority Development

AGRICULTURAL LANDS

A1 Riceland Irrigated A26 Bamboo LandA2 Riceland Unirrigated A27 Peanut LandA3 Upland A28 Soy beans LandA4 Coco Land A29 Grape vineyardA5 Citrus Land A30 Pepper LandA6 Fishpond A31 Mineral LandA7 Swamp A32 Non Metallic mineral LandA8 Nipa Land A33 Coal DepositA9 Cotton Land A34 African Oil LandA10 Cogon A35 Rubber LandA11 Abaca Land A36 Forest Land/Timber LandA12 Orchard A37 Horticultural LandA13 Pineapple Land A38 Salt BedsA14 Banana Land A39 SeashoreA15 Pasture Land A40 ResortA16 Corn Land A41 Sandy/StonyA17 Sugar Land A42 Prawn pondA18 Tobacco Land A43 SorghumA19 Cacao A44 Ipil-ipilA20 Lanzones A45 KangkongA21 Durian A46 ZarateA22 Rambutan A47 Vegetable LandA23 Mango A48 CoffeeA24 Mangrove A49 Mountainous / Hilly AreasA25 Camote/Cassava A50 Other Agricultural Lands

RDO NO. 110 GENERAL SANTOS CITY

MUNICIPALITY OF ALABELD.O. No. 40-98

BARANGAY: POBLACION Effectivity Date 9-29-98------------------------------------- ------------------------------------------- -------------------- -----------------

CLASSI- IST REV.STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------ALDEVINCO ROAD CR 130.00 ATIS ST CR 130.00 A. BONIFACIO ST RR 90.00 BOUGAINVILLA ST CR 130.00 CARNATION ST CR 120.00 DAGOHOY ST RR 90.00 DURIAN ST CR 130.00 E. JACINTO ST RR 90.00 J. RIZAL ST CR 150.00 GARCIA AVE EXT CR 140.00 GEN AGUINALDO ST CR 120.00 HAWAIIAN SANTAN ST RR 90.00 MACOPA ST RR 120.00 MARKET SITE CR 140.00 M. LOPEZ ST CR 130.00 PRES. OSMENA ST CR 130.00 PRES. ROXAS ST CR 130.00 ROMAN CATHOLIC CHURCH SITE RR 90.00 DAMA DE NOCHE ST RR 90.00 ORCHIDS ST RR 90.00 SANTAN ST RR 90.00 PALMERA ST RR 90.00 AZUCENA ST RR 90.00 ADELFA ST RR 90.00 DONA AURORA ST RR 90.00 GEN. LUNA ST RR 70.00 AVOCADO ST RR 70.00 MANGA ST RR 70.00 MARANG ST RR 80.00 CHICO ST RR 70.00 ANONAS ST RR 70.00 PRES. QUIRINO ST RR 70.00 CALACHUCHI ST RR 70.00 DAISY ST. RR 60.00 PRES. M. L. QUEZON BLVD CR 150.00 CAMIA ST RR 90.00 GUMAMELA ST RR 90.00 SACI/SARI ALONG NAT'L HI-WAY CR 180.00

INTERIOR LOTS RR 100.00 A1 20.00

CITY/MUNICIPALITY: ALABEL

BARANGAYS: ALEGRIA, ANGAS, BAGACAY, BALUNTAY, DATAL,DITU, DAMOLOK, INABUREN, KAMASI,KAWAS, LADOL,LAGO,LIONG, MALALAG, MARIBULAN,PAG-ASA, PARAISO,SPRING,TAPAAR, TOKAWAL & TUBAY

D.O. No. 40-98Effectivity Date 9-29-98

------------------------------------- ------------------------------------------- -------------------- -----------------CLASSI- IST REV.

STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------ALL LOTS ALONG NAT'L HI-WAY RR 100.00

CR 130.00 A1 20.00

A42 50.00 INTERIOR LOTS RR 80.00

A1 10.00 A2 3.00 A6 25.00

A14 10.00 A42 28.00 A16 5.00

SHORELINE (BEACH) A40 130.00 ================ =================== ======== =======

MUNICIPALITY OF GLAN D.O. No. 40-98


CLASSI- IST REV.STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------MARKET SITE CR 230.00 ALLEY ROAD CR 230.00 GUMBAY ST CR 200.00 HEATH CENTER CR 200.00 E. ALEGADO ST CR 200.00 MABINI ST CR 200.00 T. RUIZ ST CR 190.00 HOMBREHUENO ST CR 190.00 MILITARY RESERVATION CR 190.00 MAGSAYSAY ST CR 190.00 SHORELINE RR 130.00 AURORA ST RR 130.00 JUAN LUNA ST RR 130.00 MAJOR PAGE ST RR 130.00 POST OFFICE RR 130.00 REPUBLIC ST RR 130.00 COLONY NO. 9 ST RR 120.00

SHORELINE(BEACH) A40 120.00

BARANGAYS: TALUYA, GUMASA, CABLALAN, BALITON, BURIAS, PANGYAN, SMALL MARGUS, BIG MARGUS, BATULAKI, SAN JOSE, BATOTOLING, CROSS, KALTUAD, NEW AKLAN, SUFATUBO, BO. E. ALEGADO, DATALBUKAY, KALPIDONG, CONGAN, SAN VICENTE, CALABANIT, GLAN, PADIDO, MUDAN, TANGO, LAGO, KAPATAN, ILAYA, RIO DEL PILAR, LAGUIMINIT&TAPON


------------------------------------- ------------------------------------------- -------------------- -----------------CLASSI- IST REV.

STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------ALL LOTS NATIONAL HI-WAY RR 90.00

CR 120.00 A4 15.00

A16 10.00 A40 120.00 RR 80.00

INTERIOR A1 10.00 A2 3.00

A16 5.00 A38 5.50 A42 28.00

================ =================== ======== =======

MUNICIPALITY OF KIAMBAD.O. No. 40-98


CLASSI- IST REV.STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------DELA CRUZ ST CR 310.00 SAINT ANTHONY ST CR 310.00 P.T.A. ST CR 310.00

RR 150.00 MAGSAYSAY ST CR 280.00

RR 150.00 QUIRINO ST CR 280.00

INTERIOR LOTS CR 240.00 RR 150.00

MONDRAGON ST CR 280.00 SAINT ANTHONY ST CR 280.00 DELA CRUZ ST CR 280.00 FALGUI ST CR 280.00

INTERIOR LOTS CR 240.00 GOVT SITES CR 240.00

GLMUNICIPAL SITES CR 240.00

GLTOWN PLAZA CR 240.00

GL 150.00 J. P. RIZAL ST CR 240.00

RR 150.00 F. LOPEZ ST CR 150.00

RR 150.00 EDRALIN ST RR 150.00 SAMPAGUITA ST RR 150.00 ACADEMY ST RR 150.00 HIDALGO ST RR 120.00 MADERAL ST RR 150.00

INTERIOR LOTS RR 150.00 LOPEZ ST RR 120.00 DATU DANI RR 90.00 CABADING RR 120.00

INTERIOR LOTS RR 90.00 WALING-WALING ST RR 120.00

INTERIOR LOTS RR 90.00 NALUS & BAGTASAN FALLS CR 130.00 ALL OTHER STREETS RR 90.00

SHORELINE (BEACH) CR 130.00 A40 130.00

MUNICIPALITY OF KIAMBA

BARANGAYS: BADTASAN, DATU DANI, GASI, KAPATE,KATUBAO, KLING LAGUNDI,LEBE, LOMUYON,LUMA, MALIGANG, NALUS, SALAKIT, SULI, TABLAO, TAMADANG, TAMBILIL


------------------------------------- ------------------------------------------- -------------------- -----------------CLASSI- IST REV.


CR 100.00 A1 20.00 A4 15.00 A6 25.00

A16 10.00 A42 50.00

INTERIOR LOTS RR 80.00 A1 15.00

A2 3.00 A4 10.00

A16 5.00 A38 5.50

SHORELINE (BEACH) CR 130.00 I 170.00

A40 130.00 ================ =================== ======== =======

MUNICIPALITY OF MAASIMD.O. No. 40-98


CLASSI- IST REV.STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------SAN FELIPE BLVD CR 110.00 STO. NINO ST CR 110.00 ST LOUIE ST CR 80.00 PRES OSMENA ST CR 80.00 POMPIE THE GREAT ST CR 100.00 SAN FIDEL ST RR 60.00 SAN BENJAMIN ST RR 60.00 C. GARCIA ST RR 60.00 R. MAGSAYSAY ST RR 60.00 STO. DOMINGO ST RR 50.00 SAN MACARIO ST RR 50.00 STA. RITA RR 50.00 SAN CONRADO ST RR 50.00 SANTIAGO ST RR 50.00 SAN JUAN ST RR 50.00 SAN ANGEL ST RR 50.00 ST. GREGORY ST RR 50.00 SAN ALFREDO ST RR 50.00 STA. HERMINIA ST RR 50.00 ROXAS AVE RR 50.00 SAN APOLONIO ST RR 50.00 SAN MARCELINO ST RR 50.00


BARANGAYS: AMSIPIT, BALES, COLON,DALIAO,KABATIOL,KABLACAN, KAMANGA, KANALO, LUMASAL, LUMATIL, MALBANG, NOMOH, PANANAG,SEVEN HILLS, TINOTO------------------------------------- ------------------------------------------- -------------------- -----------------

CLASSI- IST REV.STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------ALL LOTS ALONG NAT'L HI-WAY RR 80.00

A4 15.00 A16 10.00

BARANGAY ROAD RR 70.00 INTERIOR LOTS I 140.00

A2 3.00 A4 10.00

A16 5.00 SHORELINE (BEACH) CR 110.00

A40 110.00 ================ =================== ======== =======

MUNICIPALITY OF MAITUMD.O. No. 40-98


CLASSI- IST REV.STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------MARKET SITE CR 180.00 NATIONAL HIGHWAY CR 180.00 WALING-WALING ST CR 180.00 SAMPAGUITA ST CR 160.00 CATLEYA ST CR 160.00 DAMA DE NOCHE ST CR 160.00 BOUGANVILLA ST CR 160.00 AVOCADO ST CR 160.00 LANZONES ST CR 160.00 CASOY ST CR 150.00 SAMPALOC ST CR 150.00 DUHAT ST RR 100.00 ROAD B RR 100.00 EVERLASTING ST RR 100.00 YELLOW BELLS ST RR 100.00 ROSAL ST RR 100.00 CADENA DE AMOR ST RR 100.00 MANGA ST RR 80.00 MACOPA ST RR 80.00 TAMBIS ST RR 80.00 MIRASOL ST RR 80.00 SUBDIVIDION LAND RR 80.00

CITY/ MUNICIPALITY: MAITUM

BARANGAYS: BATIAN, KALANEG,KALA-ONG, KIAMBING, KIAYAP,MABAY MAGULING, MINDUPOK, NEW LA UNION,PANGI,PINOL, SISON, TICULAB, TUANDATU, UPO, WALI,ZION


------------------------------------- ------------------------------------------- -------------------- -----------------CLASSI- IST REV.


CR 80.00 A1 20.00 A4 15.00 A6 25.00

A16 10.00 BARANGAY ROAD RR 70.00

A1 15.00 A2 3.00 A4 10.00

A16 5.00 A38 5.50


================ =================== ======== =======

MUNICIPALITY OF MALAPATAND.O. No. 40-98


CLASSI- IST REV.STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------MARKET SITE CR 130.00 NATIONAL HIGHWAY CR 130.00 PRES. ROXAS ST CR 110.00 MANUEL QUEZON ST CR 110.00 GARCIA ST CR 110.00 ROXAS ST CR 110.00 MARANG ST CR 100.00 RAMON MAGSAYSAY ST CR 110.00 GREGORIO SANTIAGO ST CR 100.00 CONVENT AND CHURCH SITE RR 80.00 SHORELINE RR 60.00

SHORELINE (BEACH) RR 50.00 ALL OTHER STREETS RR 50.00

BARANGAYS: DAAN SUYAN, KIHAN, KINAM, LIBI, LUN MASLA, LUN PADIDU, PATAG, SAPU MASLA, SAPU PADIDU, TUYAN, UPPER SUYAN------------------------------------- ------------------------------------------- -------------------- -----------------


CR 100.00 A4 15.00 A6 25.00

A16 10.00 A42 50.00

BARANGAY ROAD RR 80.00 INTERIOR LOTS RR 80.00

A2 3.00 A4 10.00 A6 25.00

A16 5.00 A42 50.00


================ =================== ======== =======

MUNICIPALITY OF MALUNGOND.O. No. 40-98


CLASSI- IST REV.STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------NATIONAL HIGHWAY ALL LOTS ALONG THE NAT'L CR 130.00

H-WAY FR INTERSECTIONOF MALLON ST - MUN. SITEALL LOTS FRONTING PUBLIC CR 120.00 SCHOOL SITE FR THE INTER- RR 80.00 SECTION OF R. PALEC ST

MALLON ST ALL LOTS ALONG MALLON STFRONTING PUBLIC MARKET& 2ND LOT FR INTER-SECTION OF G. CONSTANTINO CR 130.00 SR ST TO SINAMA ST RR 70.00

GUILLERMO CONSTANTINO ALL LOTS ALONG G CONSTAN-TINO SR. ST FR THE 2NDLOT OF THE INTERSECTIONOF R. PALEC-MUN SITE, 2LOTS ALONG KAYAMBA FR.INTERSEC. OF G CONSTANTINO SR-BINAMA CR 130.00

LEONARDO ADORACION ST ALL LOTS ALONG L. ADORA-CION ST FRONTING PUBLICSCHOOL SITE UP TO NHW CR 120.00

SINAMA ST ALL LOTS ALONG SINAMA STSECOND LOT FROM THE INTER-SECTION OF R. PALEC ST UPTO PLAZA SITE AND ALONGKAYAMBA & SINAMA ST THREELOTS FROM THE INTERSECTION CR 120.00 OF SINAMA ST TO G. CONSTANTINO

KAYAMBA ST LOTS ALONG KAYAMBA STSECOND LOTS FROM THE INTER-SECTION OF SINAMA ST UP TOTHE LAST LOT OF TOWNSITESUBDIVISION CR 100.00

RODRIGO PALEC ST ALL LOTS ON THE NORTHEASTOF R. PALEC ST UP TO THELAST LOT OF THE TOWNSITESUBDIVISION RR 80.00

LEONARDO ADORACION ST LOTS ALONG L. ADORACION STEXCEPT THOSE CLASSIFIEDAS COMMERCIAL RR 80.00

PIONEER AVE RR 80.00 JOSE RIZAL ST RR 80.00 PADERNILLA SUBD RR 70.00 ADAN KATU RR 80.00

MUNICIPALITY OF MALUNGON D.O. No. 40-98

BARANGAY: MALANDAG Effectivity Date 9-29-98------------------------------------- ------------------------------------------- -------------------- -----------------


CR 130.00 A1 20.00

A16 10.00 INTERIOR CR 110.00

RR 80.00 A2 1.30

BARANGAY: MALALAG-COGON,TALUS, BANATE,MALUNGON-GAMAY,J.P LAUREL & NAGPAN------------------------------------- ------------------------------------------- -------------------- -----------------

CLASSI- IST REV.STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------ALL LOTS ALONG NAT'L HI-WAY CR 120.00

RR 60.00 A16 10.00

CR 100.00 RR 50.00 A1 10.00 A2 3.00

A16 5.00

MUNICIPALITY OF MALUNGON

BARANGAYS: ALKIKAN, AMPON, ATLAE, BANAHAW, B'LAAN, DATAL BATONG, DATAL BILA, DATAL TAMPAL, KAWAYAN, KIBALE, KIBLAT, KINABALAN, LOWER MAINIT, LUTAY, MALABOD, PANAMIN,SAN JUAN, SAN MIGUEL, SAN ROQUE, TAMBAN, UPPER BIANGAN, UPPER LUMABAT, & UPPER MAINIT


------------------------------------- ------------------------------------------- -------------------- -----------------CLASSI- IST REV.

STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------ALL LOTS CR 80.00

RR 40.00 A2 5.00

A16 5.00

BARANGAYS: KILALAG AND KITAKAL------------------------------------- ------------------------------------------- -------------------- -----------------

CLASSI- IST REV.STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ------------------------------------------- -------------------- -----------------ALL LOTS CR 40.00

RR 15.00 A2 1.30

================ =================== ======== =======

CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR

RDO NO. 110 - GENERAL SANTOS CITY

1. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY.

WHERE IN THE APPROVED SCHEDULE OF ZONAL VALUES FOR A PARTICULAR BARANGAY -

a) NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATIN IN A PARTICULAR STREETS/SUBDIVISION IN A BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN THE OTHER STRET/SUBDIVISION WITHIN THE SAME BARANGAY OF SIMILAR CONDITIONS SHALL BE USED; AND

b) NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY IN ONE BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN AN ADJCENT BARANGAY OF SIMILAR CONDITIONS SHALL BE USED.

2. PREDOMINANT USE OF PROPERTY.

a) ALL REAL PROPERTIES, REGARDLESS OF ACTUAL USE, LOCATED IN A STREET/ BARANGAY/ZONE, THE USE OF WHICH ARE PREDOMINANTLU COMMERCIAL SHALL BE CLASSIFIED AS "COMMERCIAL" FOR PURPOSED OF ZONAL VALUATION.

b) THE PREDOMINANT USE OF OTHER CLASSIFICATION OF PROPERTIES LOCATED IN A STREET/BARANGAY/ZONE, REGARDLESS OF ACTUAL USE SHALL BE CONSIDERED FOR PURPOSES OF ZONAL VALUATION.

3. ZONAL VALUES OF CONDOMINIUM UNIT/TOWNHOUSE:

IF THE TITLE OF A PARTICULAR CONDOMINIUM UNIT/TOWNHOUSE IS

a) A CONDOMINIUM CERTIFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE LAND AND THE IMPROVEMENTS SHALL BE TREATED AS ONE; OR

b) A TRANSFER CERTIFICATE OF TITLE (TCT), THE LAND AND THE IMPROVEMENTS SHALL BE GIVEN SEPARATE VALUES;I.E. ZONAL VALUE/GROSS SELLING PRICE/FAIR MARKET VALUE PER LATEST TAX DECLARATION WHIEVER IS HIGHER AND, IN THE ABSENCE OF ZONAL VALUAION, PROPERTY SHALL BE VALUED PURSUANT TO RAMO 2-91.

THE GROUND FLOOR OF A RESIDENTIAL CONDOMINIUM SHALL BE CLASSSIFIED AS COMMERCIAL AND TWENTY PERCENT (20%) OF THE ESTABLISHED VALUE SHALL BE ADDED THERETO.

4. AREAS FOR PRIORITY DEVELOPMENT (APD).

THESE ARE AREAS IDENTIFIED AS AREAS FOR PRIORITY DEVELOPMENT CERTIFIED TO AS SUCH BY THE HOUSING AND LAND USE REGULATORY BOARD (HLURB) IF IT IS UTILIZED FOR SOCIALIZED HOUSING, IT SHALL BE CERTIFIED TO AS SUCH BY THE PROPER GOVERNMENT AGENCY SUCH AS, PRESIDENTIAL COMMISSION OF URBAN POOR (PCUP), NATIONAL HOUSING AUTHORITY (NHA), ETC.

SECOND SALE OF LOT IDENTIFIED AS LOCATED IN THE APD SHALL NO LONGER BE VALUED AS AN APD AND SHALL BE TREATED AS AN ORDINARY REAL PROPERTY.

5. ZONAL VALUE OR FMV ESTABLISHED IN THE SCHEDULE OF VALUES OF ASSESSORS:

THE ZONAL VALUES ESTABLISHED HEREIN SHALL APPLY IN COMPUTING ALL INTERNAL REVENUE TAXES (I.E. CAPITAL GAINS, CREDITABLE WITHHOLDING, ESTATE, DONOR'S, AND DOCUMENTARY STAMP TAXES) DUE ON SALES, EXCHANGES, OR OTHER DISPOSITIONS OF REAL PROPERTY, PROVIDED, THAT THE SAMEIS HIGHER THAN (1.) THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL AND CITY ASSESSORS (I.E. LATEST TAX DECLARATION) AND (2.) THE GROSS SELLING PRICE AS SHOWN IN THE DULY NOTARIZED DOCUMENT OF SALE OR EXCHANGE AT THE TIME OF SALE OR EXCHANGE.

PROVIDED, HOWEVER, THAT THE VALUE OF THE PROPERTY TO BE USED IN COMPUTING ESTATE AND DONOR'S TAXES SHALL BE (1.) THFAIR MARKET VALUE AS DETERMINED BY THE COMMISSIONER OF INTERNAL REVENUE (i.e. ZONAL VALUES) OR THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL/ CITY/MUNICIPAL ASSESSORS, WHICHEVER IS HIGHER.

I-3/fet

Republic of the PhilippinesDEPARTMENT OF FINANCE

Manila

DEPARTMENT ORDER NO. 78-94March 1, 1994

SUBJECT: IMPLEMENTATION OF THE ZONAL VALUES OF REAL PROPERTIES IN THE PROVINCES OF SARANGANI AND SOUTH COTABATO UNDER REVENUE DISTRICT OFFICE NO. 87 (GENERAL SANTOS CITY), REVENUE REGION NO. 11-A (COTABATO CITY), FOR INTERNAL REVENUE TAX PURPOSES.

T O : All Internal Revenue Officers and Other Concerned.

Section 16 (E) of the Tax Code as amended by Presidential Decree No. 1994, 1994, authorizes the Commissioner of Internal Revenue to divide the Philippines into differentinto different zones or areas and determine for internal revenue tax purposes, the fair marketmarket value of the real properties located in each zone or area upon consultation with competent appraisers both from private and public sectors.

By virtue of said authority, the Commissioner of Internal Revenue has determined thezonal values of real properties located in the Provinces of Sarangani and South Cotabato underthe jurisdiction of Revenue District Office No. 87 (General Santos City), Revenue Region No. 11-A (Cotabato City), after public hearing was conducted on August 6,1993 for the purpose. ThisOrder is issued to implement the zonal values for land and improvements in the case ofof condominiums/townhouses, commercial and industrial buildings as shown in Annex "A"hereof to be used in computing any internal revenue tax.

In case the gross selling price or the market value as shown in the schedule ofvalues of the provincial or city assessor is higher than the zonal value established herein, suchvalues shall be used as basis for computing the internal revenue tax.

This Order shall take effect immediately.

(Signed) ROBERTO F. DE OCAMPO

Secretary of Finance

RECOMMENDED BY:

(Signed) LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue

DEFINITION OF TERMS

RESIDENTIAL LAND/BUILDING PRINCIPALLY DEVOTED TO HABITATION

COMMERCIAL LAND/BUILDING DEVOTED PRINCIPALLY TO COMMERCIALPURPOSES AND GENERALLY FOR THE OBJECT OF PROFIT.

INDUSTRIAL DEVOTED PRINCIPALLY TO INDUSTRY AS CAPITAL

AGRICULTURAL DEVOTED PRINCIPALLY TO RAISING OF CROP SUCH AS RICE,CORN, SUGARCANE, TOBACCO, ETC. OR TO PASTURING, DAIRYING,INLAND FISHING, SALT-MAKING, AND OTHER AGRICULTURALUSES INCLUDING TIMBERLAND AND FOREST LAND

GENERAL PURPOSE RAWLAND, UNDEVELOPED AND UNDERDEVELOPED AREA WHICH HASPOTENTIAL FOR DEVELOPMENT INTO RESIDENTIAL, COMMERCIALINDUSTRIAL, INSTITUTIONALL, ETC.

VICINITY MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT ABOUT,NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A STREET BEINGLOCATED.

CLASSIFICATION LEGEND:

RR - Residential Regular I - IndustrialCR - Commercial Regular X - InsstitutionalRC - Residential Condominium A - Riceland/IrrigatedCC - Commercial Condominium A1 - Riceland/UnirrigatedGL - Government Land A2 - Cocoland/CornlandGP - General Purpose A3 - FishpondAPD - Area for Priority Development A4 - Prawn Farm


CITY/MUNICIPALITY: ALABELD.O. No. 78-94

BARANGAY: POBLACION Effectivity Date 9-28-94------------------------------------- ----------------------------------------------- -------------------- ---------------

CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------ALDEVINCO ROAD CR 35.00 ATIS ST CR 35.00 A. BONIFACIO ST RR 25.00 BOUNGAVILLA ST CR 35.00 CARNATION ST CR 30.00 DAGOHOY ST RR 25.00 DURIAN ST CR 35.00 E. JACINTO ST RR 25.00 J. RIZAL ST CR 30.00 GARCIA AVE EXT CR 35.00 GEN AGUINALDO ST CR 30.00 HAWAIIAN SANTAN ST RR 25.00 MACOPA ST RR 25.00 MARKET SITE CR 35.00 M. LOPEZ ST CR 35.00 PRES. OSMENA ST CR 35.00 PRES. ROXAS ST CR 35.00 ROMAN CATHOLIC CHURCH SITE RR 25.00 DAMA DE NOCHE ST RR 25.00 ORCHIDS ST RR 25.00 SANTAN ST RR 25.00 PALMERA ST RR 25.00 AZUCENA ST RR 25.00 ADELFA ST RR 25.00 DONA AURORA ST RR 25.00 GEN. LUNA ST RR 20.00 AVOCADO ST RR 20.00 MANGA ST RR 20.00 MARANG ST RR 20.00 CHICO ST RR 20.00 ANONAS ST RR 20.00 PRES. QUIRINO ST RR 20.00 CALACHOCHI ST RR 20.00 DAISY ST. RR 20.00 PRES. M. L. QUEZON BLVD CR 35.00 CAMIA ST RR 25.00 GUMAMELA ST RR 25.00

BARANGAYS: LADOL, LAGO,KAWAS, MALALAG, KAMASI, DITU, MARIBULAN, ALEGRIA, TOKAWAL, DUMULOK, LIONG, TAPAAR, INABUREN AND TUBAY------------------------------------- ----------------------------------------------- -------------------- ---------------

CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------ALL LOTS RR 20.00

A 10.00 A2 3.00 A4 28.00


CITY/MUNICIPALITY: GLAN D.O. No. 78-94


CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------MARKET SITE CR 85.00 ALLEY ROAD CR 85.00 GUMBAY ST CR 75.00 HEALT CENTER CR 75.00 E. ALEGADO ST CR 75.00 MABINI ST CR 75.00 T. RUIZ ST CR 70.00 HOMBREHUENO ST CR 70.00 MILITARY RESERVATION CR 70.00 MAGSAYSAY ST CR 70.00 SHORELINE RR 50.00 AURORA ST RR 50.00 JUAN LUNA ST RR 50.00 MAJOR PAGE ST RR 50.00 POST OFFICE RR 50.00 REPUBLIC ST RR 50.00 COLONY NO. 9 ST RR 45.00

BARANGAYS: TALUYA, GUMASA, CABLALAN, BALITON, BURIAS, PANGYAN, SMALL MARGUS, BIG MARGUS, BATULAKI, SAN JOSE, BATOTOLING, CRUZ,CALTUED, NEW AKLAN, SUFATUBO, BO. ALEGADO, DATALBUKAY, KLOGAM,KALPIDONG, CONGAN, SAN VICENTE, CALABANIT, GLAN, PADIDO, MUDAN, TANGO, LAGO, KAPATAN, ILAYA, RIO DEL PILAR, AND LAGUIMIT------------------------------------- ----------------------------------------------- -------------------- ---------------

CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------ALL LOTS RR 30.00

A 10.00 A2 3.00 A3 5.50 A4 28.00


CITY/MUNICIPALITY: KIAMBAD.O. No. 78-94


CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------DELA CRUZ ST CR 125.00 SAINT ANTHONY ST CR 125.00 P.T.A. ST CR 125.00

RR 60.00 MAGSAYSAY ST CR 115.00

RR 60.00 QUIRINO ST CR 115.00

INTERIOR LOTS CR 100.00 RR 60.00

MONDRAGON ST CR 115.00 SAINT ANTHONY ST CR 115.00 DELA CRUZ ST CR 115.00 FALGUI ST CR 115.00

INTERIOR LOTS CR 100.00 GOVT SITES CR 100.00

GLMUNICIPAL SITES CR 100.00

GLTOWN PLAZA CR 100.00

GLJ. P. RIZAL ST CR 100.00

RR 60.00 F. LOPEZ ST CR 100.00

RR 60.00 EDRALIN ST RR 60.00 SAMPAGUITA ST RR 60.00 ACADEMY ST RR 60.00 HIDALGO ST RR 60.00 MADERAL ST RR 60.00

INTERIOR LOTS RR 50.00 LOPEZ ST RR 60.00 DATU DANI RR 60.00 CABADING ST RR 50.00

INTERIOR LOTS RR 40.00 WALING-WALING ST RR 50.00

INTERIOR LOTS RR 40.00 ALL OTHER STREETS RR 40.00


CITY/MUNICIPALITY: KIAMBA

BARANGAYS: LUMA, LEBE, TABLAO, SAWAGEN, NALUZ,BUKYA-IL, TUAL TAMADANG, SULI, BALOLONG, TABUDTOD, KAPATI,BLOGON SULI, DINGKALING,PUAGO,MALIGANG,LAGUNDI, LIMIT, KLING, KAYUPO, GADAN,KANANTONG,LUMUYON, NAMA, KITAGAS AND KATUBAO


------------------------------------- ----------------------------------------------- -------------------- ---------------CLASSI- INITIAL

STREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------ALL LOTS BARANGAY ROAD RR 30.00

INTERIOR LOTS A 15.00 A2 3.00 A3 5.50 A4 28.00


CITY/MUNICIPALITY: MAASIMD.O. No. 78-94


CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------SAN FELIPE BLVD CR 40.00 STO. NINO ST CR 40.00 ST LOUIE ST CR 35.00 PRES OSMENA ST CR 35.00 POMPIE THE GREAT ST CR 35.00 SAN FIDEL ST RR 25.00 SAN BENJAMIN ST RR 25.00 C. GARCIA ST RR 25.00 R. MAGSAYSAY ST RR 25.00 STO. DOMINGO ST RR 20.00 SAN MACARIO ST RR 20.00 STA. RITA RR 20.00 SAN CONRADO ST RR 20.00 SANTIAGO ST RR 20.00 SAN JUAN ST RR 20.00 SAN ANGEL ST RR 20.00 ST. GREGORY ST RR 20.00 SAN ALFREDO ST RR 20.00 STA. HERMINIA ST RR 20.00 ROXAS AVE RR 20.00 SAN APOLONIO ST RR 20.00 SAN MARCELINO ST RR 20.00

BARANGAYS: SUPO, LUMASAL, PANANAG, LUMATIL, KANALO, BUAL, MANIL DALIAO, KABLACAN, VALES, MAHAYAHAY, SEVEN HILLS, COLON, TINOTO,MALBANG, KAMANGA, SEGUIL AND BAILA------------------------------------- ----------------------------------------------- -------------------- ---------------

CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------ALL LOTS BARANGAY ROAD RR 10.00

I 20.00 INTERIOR LOTS A2 3.00


CITY/MUNICIPALITY: MAITUMD.O. No. 78-94


CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------MARKET SITE CR 85.00 NATIONAL HIGHWAY CR 75.00 WALING-WALING ST CR 75.00 SAMPAGUITA ST CR 65.00 CATLEYA ST CR 65.00 DAMA DE NOCHE ST CR 65.00 BOUGANVILLA ST CR 65.00 AVOCADO ST CR 65.00 LANZONES ST CR 65.00 CASOY ST CR 65.00 SAMPALOC ST CR 65.00 DUHAT ST RR 40.00 ROAD B RR 40.00 EVERLASTING ST RR 40.00 YELLOW BELLS ST RR 40.00 ROSAL ST RR 40.00 CADENA DE AMOR ST RR 40.00 MANGA ST RR 35.00 MACOPA ST RR 35.00 TAMBIS ST RR 35.00 MIRASOL ST RR 35.00 SUBDIVIDION LAND RR 35.00

BARANGAYS: MALISBONG, SULTAN PIDONG, NAPILAY, MALNGEN, TICULAB BULAT, PINOL,TAKAL,MAGULING, LUAN, MINDUPOK, TENEB LANA,TALUCAO, KALAONG, KAWA, MABOY, SAUB,SISON, LINAO, PANGI, WALI, EDETON,MILBOT,LUMOTAN,SALIDOK, UPPER MALALAG, GAWAN, BATIAN AND KATAMBOL------------------------------------- ----------------------------------------------- -------------------- ---------------


INTERIOR LOTS A 15.00 A2 3.00 A3 5.50


CITY/MUNICIPALITY: MALAPATAND.O. No. 78-94


CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------MARKET SITE CR 50.00 NATIONAL HIGHWAY CR 50.00 PRES. ROXAS ST CR 40.00 MANUEL QUEZON ST CR 40.00 GARCIA ST CR 40.00 ROXAS ST CR 40.00 MARANG ST CR 40.00 RAMON MAGSAYSAY ST CR 40.00 GREGORIO SANTIAGO ST CR 40.00 CONVENT AND CHURCH SITE RR 30.00 SHORELINE RR 20.00 ALL OTHER STREETS RR 20.00

BARANGAYS: PADIDU, LUN MASLA, LIBI, TUYAN, SAPU MASLA, SAPU PADIDU DAAN, SUYAN, UPPER SUYAN, KIHAN AND KINAM------------------------------------- ----------------------------------------------- -------------------- ---------------


INTERIOR LOTS A2 3.00


CITY/MUNICIPALITY: MALUNGOND.O. No. 78-94


CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------NATIONAL HIGHWAY ALL LOTS ALONG THE NAT'L CR 50.00

H-WAY FR INTERSECTIONOF MALLON ST - MUN. SITEALL LOTS FRONTING PUBLIC CR 45.00 SCHOOL SITE FR THE INTER-SECTION OF R. PALEC ST

RR 30.00 MALLON ST ALL LOTS ALONG MALLON ST CR 50.00

FRONTING PUBLIC MARKET& 2ND LOT FR INTER-SECTION OF G. CONSTANTINOSR ST TO SINAMA ST

RR 30.00 GUILLERMO CONSTANTINO ALL LOTS ALONG G CONSTAN- CR 50.00

TINO SR. ST FR THE 2NDLOT OF THE INTERSECTIONOF R. PALEC-MUN SITE, 2LOTS ALONG KAYAMBA FR.INTERSEC. OF G CONSTANTINO SR-BINAMA

LEONARDO ADORACION STALL LOTS ALONG L. ADORA- CR 45.00 CION ST FRONTING PUBLICSCHOOL SITE UP TO NHW

SINAMA ST ALL LOTS ALONG SINAMA ST CR 45.00 SECOND LOT FROM THE INTER-SECTION OF R. PALEC ST UPTO PLAZA SITE AND ALONGKAYAMBA & SINAMA ST THREELOTS FROM THE INTERSECTIONOF SINAMA ST TO G. CONSTANTINO

KAYAMBA ST LOTS ALONG KAYAMBA ST CR 40.00 SECOND LOTS FROM THE INTER-SECTION OF SINAMA ST UP TOTHE LAST LOT OF TOWNSITESUBDIVISION

RODRIGO PALEC ST ALL LOTS ON THE NORTHEAST RR 30.00 OF R. PALEC ST UP TO THELAST LOT OF THE TOWNSITESUBDIVISION

LEONARDO ADORACION STLOTS ALONG L. ADORACION ST RR 30.00 EXCEPT THOSE CLASSIFIEDAS COMMERCIAL

PIONEER AVE RR 30.00 JOSE RIZAL ST RR 30.00 PADERNILLA SUBD RR 25.00 ADAN KATU RR 30.00


CITY/MUNICIPALITY: MALUNGON D.O. No. 78-94

BARANGAY: UPPER MAINIT, MALALAG-COGON Effectivity Date 9-28-94------------------------------------- ----------------------------------------------- -------------------- ---------------

CLASSI- INITIALSTREET NAME/SUBDIVISION V I C I N I T Y FICATION ZV.SQ.M.------------------------------------- ----------------------------------------------- -------------------- ---------------ALL LOTS CR 45.00

RR 15.00 A2 1.30

BARANGAY: MALANDAG TALUS AND BANATE------------------------------------- ----------------------------------------------- -------------------- ---------------


RR 25.00 A 10.00 A2 3.00

BARANGAY: SAN ROQUE, AMPON, LOWER MAINIT, TAMBAN, UPPER BIANGAN AND MALUNGON GAMAY------------------------------------- ----------------------------------------------- -------------------- ---------------


RR 20.00 A2 1.30

BARANGAY: DATALBATONG, LUTAY, UPPER LUMABAT, SAN MIGUEL KAWAYAN, DEMOLOK, KILALAG, KITAKAL AND SAN JUAN------------------------------------- ----------------------------------------------- -------------------- ---------------


RR 15.00 A2 1.30

================ ==================== ======== ======


CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR

RDO NO. 87 - GENERAL SANTOS CITY

1. NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY.

WHERE IN THE APPROVED SCHEDULE OF ZONAL VALUES FOR A PARTICULAR BARANGAY -

a) NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION IN A PARTICULAR STREET/SUBDIVISION IN A BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN THE OTHER STREET/SUBDIVISION WITHIN THE SAME BARANGAY OF SIMILAR CONDITIONS SHALL BE USED; AND

b) NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY IN ONE BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN AN ADJACENT BARANGAY OF SIMILAR CONDITIONS SHALL BE USED.

2. PREDOMINANT USE OF PROPERTY.

a) ALL REAL PROPERTIES, REGARDLESS OF ACTUAL USE, LOCATED IN A STREET/ BARANGAY/ZONE, THE USE OF WHICH ARE PREDOMINANTLY COMMERCIAL SHALL BE CLASSIFIED AS "COMMERCIAL" FOR PURPOSES OF ZONAL VALUATION.

b) THE PREDOMINANT USE OF OTHER CLASSIFICATION OF PROPERTIES LOCATED IN A STREET/BARANGAY/ZONE, REGARDLESS OF ACTUAL USE SHALL BE CONSIDERED FOR PURPOSES OF ZONAL VALUATION.

3. ZONAL VALUES OF CONDOMINIUM UNIT/TOWNHOUSE:

IF THE TITLE OF A PARTICULAR CONDOMINIUM UNIT/TOWNHOUSE IS -

a) A CONDOMINIUM CERTIFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE LAND AND IMPROVEMENTS SHALL BE TREATED AS ONE; OR

b) A TRANSFER CERTIFICATE OF TITLE (TCT), THE LAND AND THE IMPROVEMENTS SHALL BE GIVEN SEPARATE VALUES;

THE GROUND FLOOR OF A RESIDENTIAL CONDOMINIUM SHALL BE CLASSIFIED AS COMMERCIAL AND TWENTY PERCENT (20%) OF THE ESTABLISHED VALUE SHALL BE ADDED THERETO.


4. AREAS FOR PRIORITY DEVELOPMENT (APD).

THESE ARE AREAS IDENTIFIED AS AREAS FOR PRIORITY DEVELOPMENT CERTIFIED TO AS SUCH BY THE HOUSING AND LAND USE REGULATORY BOARD (HLRB). IF IT IS UTILIZED FOR SOCIALIZED HOUSING, IT SHALL BE CERTIFIED TO AS SUCH BY THE PROPER GOVERNMENT AGENCY SUCH AS PRESIDENTIAL COMMISSION OF URBAN POOR (PCUP), NATIONAL HOUSING AUTHORITY (NHA), ETC.

5. ZONAL VALUE OR FMV ESTABLISHED IN THE SCHEDULE OF VALUES OF ASSESSORS:

THE ZONAL VALUES ESTABLISHED HEREIN SHALL APPLY IN COMPUTING ALL INTERNAL REVENUE TAXES PROVIDED THAT THE CAPITAL GAINS TAX FROM SALES, EXCHANGE, OR OTHER DISPOSITIONS OF REAL PROPERTY CLASSIFIED AS CAPITAL ASSETS INCLUDING "PACTO DE RETRO" SALES AND OTHER FORMS OF CONDITIONAL SALES, BY INDIVIDUALS, ETATE AND TRUSTS SHALL BE TAXED AT THE RATE OF FIVE PERCENT (5%) BASED ON GROSS SELLING PRICE, IF THE CONSIDERATION IS HIGHER THAN THE ZONAL VALUES HEREIN ESTABLISHED.

PROVIDED, HOWEVER, THAT THE VALUE OF THE PROPERTY TO BE USED IN COMPUTING ALL INTERNAL REVENUE TAXES SHALL BE (1) THE FAIR MARKET VALUE AS DETERMINED BY THE COMMISSIONER OF INTERNAL REVENUE (i.e. ZONAL VALUES) OR (2) THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL/CITY/MUNICIPAL ASSESSORS, WHICHEVER IS HIGHER.

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Rdo No. 110-General Santos City (Other Municipalities)