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question 67 mcq BAR EXAM TAXATION 2012

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1question 67 mcq BAR EXAM TAXATION 2012 Empty question 67 mcq BAR EXAM TAXATION 2012 Sat Nov 10, 2012 7:09 am

taxconsultantdavao


Reclusion Perpetua


67.
For purposes of real property taxes, the tax rates are applied on:
a) Zonal values;•
b) Fair market value;
c) Assessed values;
d) Reproduction values.

taxconsultantdavao


Reclusion Perpetua



ANSWER IS C. PLEASE SEE SECTION 233 OF RA 7160


** KEY WORDS: tax rates are applied on (assessed values)

example: in the case of province, at the rate of not exceeding 1% on assessed value OF THE real property [u]

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