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Updated property valuations are expected to bring clearer, more consistent assessments for property owners and support better delivery of public services in the province.
This was discussed during public consultations on the proposed Schedule of Market Values (SMV) held in Kabugao and Luna under the Real Property Valuation and Assessment Reform Act (RPVARA).
With standardized valuation, property assessments are expected to become more transparent and aligned with current market conditions. This helps reduce disputes, improves confidence in government processes, and provides a more reliable basis for local planning and infrastructure development.
During the consultations, the Provincial Assessor's Office (PAssO) presented the proposed SMV and gathered feedback from residents and stakeholders prior to adoption. Participants were also briefed on how the updated values are determined and how these may affect property owners.
Under RPVARA, local government units are required to update property values using uniform valuation standards in the country.
