How do I find the zonal value of a property?

You either go to www.bir.gov.ph and click on ZONAL VALUES (which will then give you a list of zonal values based on location, and prompt you to download the file for it) or call/visit your nearest BIR office to get the information.

What is zonal value and market value?

Land value is commonly based on the market value of the area where the property is located. The market value of the property should be considered distinct from the zonal value, which is the value established by the government.

How do I know my BIR RDO?

How to Know Your BIR RDO Code: 3 Ways.

1. Check your BIR Form 1901/1902/1903/1904/1905. Look for a copy of the BIR form you filed when you applied for a TIN.
2. Contact the BIR hotline. You may inquire about your RDO code by calling the BIR’s Customer Assistance Division.
3. Visit the nearest RDO.

How much is the zonal value in BGC?

Zonal Values – Taguig Condominiums

Is zonal value lower than market value?

The real purpose of zonal values Okay, this may shock you: BIR Zonal Values are purely for taxation purposes only! They are not an accurate basis in determining a property’s market value.

Is zonal value the same as market value?

How do you calculate market value?

Market value—also known as market cap—is calculated by multiplying a company’s outstanding shares by its current market price. If XYZ Company trades at $25 per share and has 1 million shares outstanding, its market value is $25 million.

How can I transfer RDO to another RDO?

Steps In Transfering Your RDO

1. Find out in which RDO your TIN is now. Most likely, your employer moved your TIN to their RDO.
2. Fill out BIR Form 1905. You can get a copy here but we do recommend that you check the BIR website to see if there’s an updated copy.
3. Bring the BIR Form 1905 to your OLD RDO.

Can I get tin ID in any BIR branch?

Can you get your TIN ID in any BIR branch? No, you can’t just go to any branch for your TIN ID application. Each taxpayer in the Philippines is assigned only one Revenue District Office (RDO) with jurisdiction over their place of residence or business.

How much is my land worth in the Philippines?

How is the fair market value determined? While there is still no truly official way to determine FMV of properties in the Philippines, two effective and popular ways for estimation are (1) a comparative market analysis (CMA) and (2) a real estate appraisal.

What RDO means?

RDO

What is the purpose of zonal value?

So the zonal valuation is used primarily: Basis for computing the fair market value of the property. computation of internal revenue taxes.

When did the Zonal Value in Makati increase?

The increase in the Zonal Values in Makati as imposed by the Bureau of Internal Revenue in the Philippines was drastically felt by Real Estate sellers and buyers sometime June of 2017.

Where to find Bir Zonal Value in south Makati?

GIL PUYAT EXT. Developer/Owner of condominium project built after the effectivity of this revision shall request for assignment of zonal values (ZV) from the members of the Technical Committee of Real Property Valuation (TCRPV). J. P. RIZAL ST. Brgy. Guadalupe Nuevo Bdry to Brgy. West Rembo Bdry Brgy. Guadalupe Nuevo Bdry to Brgy. West Rembo Bdry

What does Zonal Value mean in real estate?

ZONAL VALUE OR FMV ESTABLISHED IN THE SCHEDULE OF VALUES OF ASSESSORS. DISPOSITIONS OF REAL REAL PROPERTY. PROVIDED, THAT THE SAME IS HIGHER THAN (1) SALE OR EXCHANGE. MUNICIPAL ASSESSOR, WHICHEVER IS HIGHER. For the full content on the updated Zonal Values visit Commission on Internal Revenues.

Where is the revenue district office in Makati?

SUBJECT: IMPLEMENTATION OF THE REVISED SCHEDULE OF ZONAL VALUES OF REAL PROPERTIES IN THE CITY OF MAKATI, NATIONAL CAPITAL REGION (6th Revision), WITHIN THE JURISDICTION OF REVENUE DISTRICT OFFICE NO. 47-EAST MAKATI FOR INTERNAL REVENUE TAX PURPOSES.