.: SUBJECT: IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF BOCAUE, MARILAO, MEYCAUAYAN, SAN JOSE DEL MONTE AND STA. MARIA, BULACAN UNDER THE JURISDICTION OF REVENUE DISTRICT OFFICE No. 25 (MALOLOS, BULACAN), REVENUE REGION No. 5 (VALENZUELA CITY), FOR INTERNAL REVENUE TAX PURPOSES.

Title*:	SUBJECT: IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF BOCAUE, MARILAO, MEYCAUAYAN, SAN JOSE DEL MONTE AND STA. MARIA, BULACAN UNDER THE JURISDICTION OF REVENUE DISTRICT OFFICE No. 25 (MALOLOS, BULACAN), REVENUE REGION No. 5 (VALENZUELA CITY), FOR INTERNAL REVENUE TAX PURPOSES.
Article*:	SUBJECT: IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF BOCAUE, MARILAO, MEYCAUAYAN, SAN JOSE DEL MONTE AND STA. MARIA, BULACAN UNDER THE JURISDICTION OF REVENUE DISTRICT OFFICE No. 25 (MALOLOS, BULACAN), REVENUE REGION No. 5 (VALENZUELA 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 Reform Act of 1997", authorizes the Commissioner of Internal Revenue to divide the Philippines into different zones or areas and determine for internal revenue tax purposes, the fair market 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 the zonal values of real properties (3rd Revision) located in the Municipalities of Bocaue, Marilao, Meycauayan, San Jose del Monte and Sta. Maria, Bulacan under the jurisdiction of Revenue District Office No. 25 (Malolos, Bulacan), Revenue Region No. 5 (Valenzuela City) after the public hearing was conducted on August 6, 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 of values of the provincial or city assessors is higher than the zonal value established herein, such values shall be used as basis for computing the internal revenue tax. This Order shall take effect immediately. (Signed) EDGARDO B. ESPIRITU Secretary of Finance RECOMMENDED BY: (Signed) DEPARTMENT ORDER NO. 2-2000 February 8, 1999 BEETHOVEN L. RUALO 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 CLASSIFICATION CODE CLASSIFICATION RR Residential Regular GL Government Land CR Commercial Regular GP* General Purposes RC Residential Condominium I Industrial CC Commercial Condominium X Institutional CL Cemetery Lot APD Area for Priority Development A Agricultural PS Parking Slot *Agricultual/Rawland not less than 5,000 square meters -oOo- A1 Riceland Irrigated A26 Bamboo Land A2 Riceland Unirrigated A27 Peanut Land A3 Upland A28 Soy beans Land A4 Coco Land A29 Grape vineyard A5 Citrus Land A30 Pepper Land A6 Fishpond A31 Mineral Land A7 Swamp A32 Non Metallic mineral Land A8 Nipa Land A33 Coal Deposit A9 Cotton Land A34 African Oil Land A10 Cogon A35 Rubber Land A11 Abaca Land A36 Forest Land/Timber Land A12 Orchard A37 Horticultural Land A13 Pineapple Land A38 Salt Beds A14 Banana Land A39 Seashore A15 Pasture Land A40 Resort A16 Corn Land A41 Sandy/Stony A17 Sugar Land A42 Prawn pond A18 Tobacco Land A43 Sorghum A19 Cacao A44 Ipil-ipil A20 Lanzones A45 Kangkong A21 Durian A46 Zarate A22 Rambutan A47 Vegetable Land A23 Mango A48 Coffee A24 Mangrove A49 Mountainous / Hilly Areas A25 Camote/Cassava A50 Other Agricultural Lands -oOo- AGRICULTURAL LANDS RDO NO. 25 MALOLOS, BULACAN MUNICIPALITY OF BOCAUE D.O. NO. 2-2000 72-96 84-94 134-91 BARANGAY: ANTIPONA Effectivity date 21-Mar-00 16-Sep-96 28-Sep-94 31-Jul-92 ----------------------- ------------------------------ --------------- ------------ ------------ ------------ ------------ CLASSI- 3rd REVISION 2nd REVISION 1st REVISION INITIAL STREETS/SUBDIVISION V I C I N I T Y FICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ----------------------- ------------------------------ --------------- ------------ ------------ ------------ ------------ J.P RIZAL ST. RR 1,250.00 1,000.00 750.00 500.00 LAKANDULA ST. RR 1,250.00 1,000.00 750.00 500.00 P. BURGOS ST. RR 1,250.00 1,000.00 750.00 500.00 POBLACION RR 1,500.00 1,200.00 800.00 600.00 CR 2,300.00 2,000.00 2,000.00 1,500.00 ZAMORA ST. RR 1,250.00 1,000.00 750.00 500.00 ALL OTHER STREETS RR 1,150.00 1,000.00 700.00 400.00 GP 600.00 500.00 400.00 100.00 BARANGAY: BAMBANG ----------------------- ------------------------------ --------------- ------------ ------------ ------------ ------------ CLASSI- 3rd REVISION 2nd REVISION 1st REVISION INITIAL STREETS/SUBDIVISION V I C I N I T Y FICATION ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ZV/SQ.M. ----------------------- ------------------------------ --------------- ------------ ------------ ------------ ------------ BAMBANG DIG RR 900.00 800.00 575.00 300.00 CARMEN SUBD. RR 900.00 800.00 575.00 200.00 MIA ROAD RR 900.00 800.00 575.00 300.00 SANTOS SUBD. RR 900.00 800.00 650.00 150.00 ST. MARTIN SUBD. RR 900.00 800.00 650.00 350.00 ALL OTHER STREETS RR 800.00 700.00 500.00 100.00 A1 300.00 200.00 125.00 50.00 GP 300.00 250.00 250.00 50.00
Category*:	Business
Source:	BIR