Assessment Law on Real Property Tax

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Commonwealth Act No. 470: Assessment Law on Real Property Tax

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Title Source: Supreme Court: Assessment Law on Real Property Tax

Law: Commonwealth Act No. 470

Decision Date: Jun 16, 1939

Commonwealth Act No. 470 establishes an annual ad valorem tax on real property, outlines exemptions, and delineates the roles and responsibilities of provincial assessors in the valuation and assessment process to ensure fair taxation across municipalities and provinces.

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