AN ACT TO PROVIDE FOR THE PERIOD AND INCREASE OF ASSESSMENTS OF REAL PROPERTY FOR TAXATION PURPOSES.
Year:
1972
Category:
Other
Date Approved:
October 23, 1972
Summary
Plain-language AI-assisted summary — not the official text. As of July 2, 2026. Read the full text below or on the official source.
This Act establishes regulations regarding the period and limits for the assessment of real property for taxation purposes. It aims to ensure that no revised assessment occurs within five years and sets specific percentage limits on increases or decreases in property assessments.Full Text
[ REPUBLIC ACT NO. 6614, October 23, 1972 ]
AN ACT TO PROVIDE FOR THE PERIOD AND INCREASE OF ASSESSMENTS OF REAL PROPERTY FOR TAXATION PURPOSES.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Any provision of law or city charter to the contrary notwithstanding, no revised assessment of real estate for taxation purposes shall be made within five years from the last preceding assessment, and no increase or decrease of assessment at any one time shall be more than twenty-five per centum in the case of commercial and industrial lots; fifteen per centum in case of agricultural and residential lots not actually occupied by the owner and ten per centum in case of residential lots actually occupied by the owner, of the last preceding assessed value: Provided, That the limitations herein shall not apply if by reason of public improvements the-nature of the real estate has been changed from rural to urban or from residential to commercial and industrial site: Provided, further, That the corresponding provincial or city assessor shall undertake the revision of assessments every five years.
Section 2. All laws, Acts, parts of Acts, city charters, ordinances and resolutions which are inconsistent with this Act are hereby repealed.
Section 3. This Act shall take effect upon its approval.
Approved,
Approved: October 23, 1972
FERDINAND E. MARCOS
President of the Philippines
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