Senate Bill No. 415: The Real Property Valuation and Assessment Reform Act of 2013
There is a need to reform the inequitable and inefficient land valuation system in the country by adopting a uniform, market-based Schedule of Market Values based on international best practices and methods. This proposal aims to strengthen and reorganize the Bureau of Local Government Finance to assume institutional responsibility for the land valuation reforms.
Date filed: 03 July 2013
Author: Senator Ferdinand “Bongbong” R. Marcos, Jr.
Status: Pending in the Committee 05 August 2013