Republic Act No. 12001, otherwise known as the Real Property Valuation and
Assessment Reform Act (RPVARA), aims to standardize the real property valuation in
the Philippines and adopt the Schedule of Market Values (SMVs) as the single real
property valuation base for the assessment of real property-related taxes in the country,
and for the valuation of real property for various transactions by all government
agencies.
In line with our commitment to transparency and equitable property valuation, the
City Assessor’s Office has prepared the Proposed Schedule of Market Values (SMV) for
Sorsogon City pursuant to the Real Property Valuation and Assessment Reform Act (RA
No. 12001). This proposed SMV reflects prevailing market conditions and property
values within the city, and is intended to serve as a reliable basis for real property
assessment and taxation. Through this initiative, we aim to strengthen local revenue
generation while upholding fairness and accountability for all property owners and
stakeholders.
The Proposed Schedule of Market Values (SMV) provides the estimated market
values of properties based on their classification and location. Detailed information on
the assigned values for each category click here
Feedback and comments are encouraged and will be reviewed before the finalization.
Please feel free to contact us via Viber at # 09636088558 (sorcityAssessor), email us at [email protected]
Thank you for your continued support and cooperation.
