Question & AnswerQ&A (PRESIDENTIAL DECREE NO. 222)
Presidential Decree No. 222 extends the deadline fixed under Presidential Decree No. 76, dated December 6, 1972.
The original deadline was June 30, 1973.
Reasons cited include widespread clamor for extension, and that many assessors had not completed the evaluation of properties in their jurisdiction.
The deadline was extended to September 30, 1973.
It refers to the submission by property owners or individuals of a sworn statement disclosing the accurate market or fair value of their real estate properties for assessment or taxation purposes.
Assessors are responsible for evaluating the real properties in their jurisdiction to determine their true value.
No, Presidential Decree No. 222 does not specify penalties for failure to file by the deadline; it only extends the deadline.
It was done in the City of Manila on June 20, 1973.
Roberto V. Reyes signed as the Assistant Executive Secretary.