Real Property Valuation and Assessment Reform

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Republic Act No. 12001: Real Property Valuation and Assessment Reform

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Title Source: Supreme Court: Real Property Valuation and Assessment Reform

Law: Republic Act No. 12001

Decision Date: Jun 13, 2024

Republic Act No. 12001 reforms real property valuation and assessment in the Philippines by establishing national standards, promoting local government fiscal autonomy, and implementing a comprehensive electronic database for transparency and efficiency in real property transactions.

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