Provincial Ordinance No.

16-187 (5-23-16)

a) On Lands:

Class Assessment Levels

Residential 10%
Agricultural 20%
Commercial 25%
Industrial 25%
Mineral 25%
Timberland 10%

b) On Building and Other Structures:

1) Residential Buildings with Fair Market Value

Over Not Over Assessment Level

P 175,000.00 0%
P 175,000.00 300,000.00 5%
300,000.00 500,000.00 5%
500,000.00 750,000.00 10%
750,000.00 1,000,000.00 10%
1,000,000.00 2,000,000.00 15%
2,000,000.00 5,000,000.00 20%
5,000,000.00 10,000,000.00 25%
10,000,000.00 30%
Provincial Ordinance No. 16-187 (5-23-16)
2) Agricultural Buildings and Structures with Fair Market Value

Over Not Over Assessment Level

P 300,000.00 10%
P 300,000.00 500,000.00 15%
500,000.00 750,000.00 20%
750,000.00 1,000,000.00 25%
1,000,000.00 2,000,000.00 30%
2,000,000.00 35%

3) Commercial/Industrial Buildings and Structures with Fair Market Value

Over Not Over Assessment Level

P 300,000.00 15%
P 300,000.00 500,000.00 20%
500,000.00 750,000.00 25%
750,000.00 1,000,000.00 30%
1,000,000.00 2,000,000.00 60%
2,000,000.00 5,000,000.00 70%
5,000,000.00 10,000,000.00 75%
10,000,000.00 80%
4) Timberland Buildings and Structures with Fair Market Value

Over Not Over Assessment Level

P 300,000.00 20%
P 300,000.00 500,000.00 25%
500,000.00 750,000.00 30%
750,000.00 1,000,000.00 35%
1,000,000.00 2,000,000.00 40%
2,000,000.00 45%

c) On Machineries:

Class Assessment Levels

Agricultural Residential 40%
Commercial 50%
Industrial 80%
80%

d) On Special Classes: The assessment levels for all lands, buildings, machineries and other
improvements:

Actual Use Assessment Levels

Cultural 10%
Scientific 10%
Hospital 10%
Local Water Districts 5%
Government-owned or controlled corporations
engaged in the supply and distribution of water and/or
generation and transmission of electric power
5%