Property valuation reforms eyed

By Anna Leah E. Gonzales

Apr 12, 2022 12:12 am

OUTDATED property values are preventing the government from correctly taxing the rich, Department of Finance (DoF) Secretary Carlos Dominguez 3rd said on Monday.

'The current valuation for real property tax purposes of land is outdated and very low as compared to real market value,' he claimed in a statement.

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