Extension of real property declaration deadline

Ask AI

PRESIDENTIAL DECREE NO. 222: Extension of real property declaration deadline

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Extension of real property declaration deadline

Law: Presidential Decree No. 222

Decision Date: Jun 20, 1973

Presidential Decree No. 222 extends the deadline for property owners in the Philippines to declare the true value of their real property, providing an additional three months for evaluations and declarations due to incomplete assessments by assessors.

extending deadline

filing individual declaration

A

Reason for Extension

Widespread requests and clamor have been received for the extension of the deadline.
One of the primary reasons for the extension is that many local assessors have not yet completed the evaluation of properties within their respective jurisdictions.

Legal Basis and Authority for the Extension

The extension is issued by President Ferdinand E. Marcos by virtue of his constitutional powers as Commander-in-Chief of the Armed Forces of the Philippines.
This power is further supported by Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, dated September 22, 1972.

Formal Declaration and Effectivity

The decree is formally declared on June 20, 1973, in the City of Manila.
It officially extends the deadline for filing individual declarations of the true value of real property as fixed under the prior decree.

Signatories

The decree is signed by President Ferdinand E. Marcos.
It is countersigned by Roberto V. Reyes, Assistant Executive Secretary, affirming the authenticity and enforcement of the extension.

END