The Davao City Assessor’s Office has let the world out: henceforth real property owners are now required to file their sworn statements declaring the true value of their lands, buildings, or machinery as part of the preparation for the 2018 proposed General Revision of real property assessments.
The CAO said that under Section 202 of RA 7160 or the Local Government Code of 1991, real property owners are duty-bound to declare the actual value of their properties, whether these had been previously declared or undeclared, taxable or exempted, through their respective sworn statements.
The deadline for filing of the sworn statements was set for June 30 this year.
In the failure of refusal of owners to file their sworn statements, the CAO will have to assess the property and declare its value in the name of the defaulting property owner for taxation purposes.
For compliance and additional information, real property owners are advised to get in touch with the CAO at the Ground Floor of the Sangguniang Panlungsod building along San Pedro St., or the district offices in Bunawan and Toril. CIO
