Land Valuation Formula for VOS Before June 15, 1988
- Primary formula: LV = (CS x 0.3) + (CNI x 0.4) + (MV x 0.3).
- Adjustments if factors are missing:
- If no CS and no applicable MVM or CA: LV = (CNI x 0.55) + (MV x 0.45).
- If no CS and no CNI: LV based on (MV x 2).
- The lower of the computed formula value or the landowner's Declared Value is adopted.
Land Valuation Formula for VOS and Compulsory Acquisition as of December 31, 1989
- Standard formula: LV = (CS + MV + DV) / 3, where DV cannot exceed CS + MV.
- If no CS or CA applicable, use: LV = (CNI x 0.4) + (MV x 0.3) + (DV x 0.3), with DV capped likewise.
- If DV absent, substitute with CNI in formula.
- Without CS and DV, use: LV = (CNI x 0.55) + (MV x 0.45).
- If only MV present, land value = MV x 2.
Valuation for VOS and Compulsory Acquisition after December 31, 1989
- Valuation uses formula specified in Section II (before June 15, 1988 formula).
Valuation of Improvements
- Improvements are valued by the Land Bank of the Philippines Appraisal Group.
- No compensation for improvements provided by the government or farmer beneficiaries.
Repealing Clause
- Administrative Order No. 6, Series of 1989, is repealed.
Effectivity
- The order takes effect ten days after publication.
- Adopted by Secretary Miriam Defensor Santiago on January 12, 1989.