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THE NAGA CITY COUNCIL

Sangguniang Panlungsod Ng Naga

9th Sangguniang Panlungsod (30 June 2007 – 30 June 2010)

ORDINANCE NO. 2008-080

AN ORDINANCE APPROVING THE SCHEDULE OF FAIR MARKET VALUE OF ALL REAL PROPERTY INCLUDING OTHER STRUCTURES AND AGRICULTURAL LANDS AS THE BASIS OF THE GENERAL REVISION OF REAL PROPERTY ASSESSMENTS IN THE CITY OF NAGA IN ACCORDANCE WITH R.A. 7160 OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991 AND TO TAKE EFFECT BEGINNING CALENDAR YEAR 2009.

Category: Agriculture; Business Trade and Industry and Urban Development and Socialized Housing
Principal Authors/Sponsors: Committee on Ways and Means
Enacted: October 21, 2008

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Summary/Additional Info:
Summary: This ordinance approves a revised schedule of fair market values for all real properties in Naga City, including structures and agricultural lands. This schedule serves as the basis for the general revision of real property assessments and property classification within the city’s jurisdiction, in compliance with Republic Act No. 7160, also known as the Local Government Code of 1991.

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