Senate Bill No. 2981: Real Property Valuation and Assessment Reform Act of 2011
The bill proposes reforms in real property valuation and assessment in the Philippines to promote the development of a just and equitable real property valuation scheme based on internationally accepted valuation standards. It likewise aim to strengthen and reorganize the Bureau of Local Government Finance, under the Department of Finance.
Date filed: 03 October 2011
Author: Senator Ferdinand “Bongbong” R. Marcos, Jr.
Status: Pending in the Committee 04 October 2011