Powers and Functions of the Bureau of Local Government Finance (BLGF).
SEC. 5. Powers and Functions of the Bureau of Local Government Finance (BLGF). - The BLGF of the Department of Finance (DOF) shall be the primary agency to lead the implementation of the provisions of this Act. In addition to the powers vested upon it by Executive Order No. 292, otherwise known as the "Administrative Code of 1987", it shall exercise the following powers and functions:
(a) Develop, adopt, and maintain the PVS, regulations, and specifications for real property appraisal used for taxation and other purposes, and ensure compliance therewith by LGUs and other concerned parties;
(b) Review and ensure that the SMVs, as prepared by the provincial assessors, together with municipal assessors, and city assessors, including the lone municipal assessor in the Metropolitan Manila Area and the assessor of the PHIVIDEC Industrial Authority, are compliant with the PVS and real property valuation policies and standards, and recommend its certification to the Secretary of Finance for local and national taxation, and for other purposes;
(c) Interpret and decide on matters relating to real property valuation policies and standards, and implementation of SMVs;
(d) Provide technical assistance on real property appraisal matters to government agencies and instrumentalities, and coordinate or conduct valuation, when requested;
(e) Provide leadership and policy direction to LGUs on real property valuation for taxation and other purposes, the regulation of valuation activities and other related matters, and the promotion of valuation training and seminars;
(f) Maintain a roster of licensed local government appraisers and assessors in consultation and coordination with the Professional Regulation Commission (PRC);
(g) Develop and maintain a comprehensive and up-to-date electronic database of real property transactions and prices of materials for buildings, machinery, and other structures;
(h) Conduct continuing study and research on valuation, and gather information on current global and country trends and developments in real property valuation;
(i) Formulate and provide for uniform procedures on the different transactions in the assessor's office, including the transfer, annotation, and issuance of tax declarations;
(j) Exercise technical supervision over all assessors through a system of compliance reporting and capacity building, and education and training procedures;
(k) Determine, fix, and collect a reasonable amount to be charged as administration fees, fines, and penalties relative to the implementation of the Real Property Information System (RPIS): Provided, That no fees or fines shall be imposed on LGUs with respect to the use of the RPIS; and
(l) Perform such other functions as are necessary, proper, and incidental to implement the provisions of this Act.
Reorganizing the BLGF and Establishment of the Real Property Valuation Service.
SEC. 6. Reorganizing the BLGF and Establishment of the Real Property Valuation Service. - To support the expanded functions of the BLGF and to achieve the policies and objectives declared in this Act, the BLGF shall be headed by an Assistant Secretary. The Real Property Valuation Service, hereinafter referred to as the RPVS, is hereby established within the BLGF and shall have counterpart personnel in the BLGF Regional Offices. The organizational structure and staffing patterns of the reorganized BLGF shall be subject to the evaluation and approval of the Department of Budget and Management (DBM) in accordance with civil service laws, rules and regulations.
Supervisory Role of the Head of the BLGF over the RPVS.
SEC. 7. Supervisory Role of the Head of the BLGF over the RPVS. - The head of the BLGF shall be responsible for the efficient and effective day-to-day performance of the responsibilities set forth in this Act, and for the overall internal management and governance of the RPVS.
Establishment of a Real Property Valuation Unit.
SEC. 8. Establishment of a Real Property Valuation Unit. - To achieve the policies and objectives declared in this Act, there shall be created a Real Property Valuation Unit (RPVU) under the Office of the Local Assessor in every province and city. Municipalities may also create an RPVU under the office of their respective local assessors. The organizational structure and staffing pattern shall be included in the annual budget of the Office of the Assessor duly approved by the Sanggunian concerned.
Creation of Central Consultative Committee.
SEC. 9. Creation of Central Consultative Committee. -
(a) A Central Consultative Committee shall be created and shall serve as the forum on matters pertaining to the setting and adoption of international valuation standards and other related concerns on real property valuation.
(b) It shall be chaired by the head of the BLGF and shall be composed of a representative from each of the following:
(1) Bureau of Internal Revenue (BIR);
(2) Department of Environment and Natural Resources (DENR);
(3) Bangko Sentral ng Pilipinas (BSP);
(4) National organization of government assessors;
(5) Union of Local Authorities of the Philippines (ULAP);
(6) Land Registration Authority (LRA);
(7) Private appraisal sector; and
(8) Real estate sector:
Provided, That members of the Central Consultative Committee, or their representatives, shall be entitled to receive a per diem, pursuant to existing laws, regulations, and other issuances: Provided, further, That the representative from the private appraisal sector has been in the active practice as a real estate appraiser for at least five (5) years prior to his or her appointment as a member of the Central Consultative Committee, as certified by the Professional Regulatory Board of Real Estate Service (PRBRES): Provided, furthermore, That the representatives of the BIR, DENR and BSP must be performing valuation-related functions: Provided, finally, That the national organization of government assessors, the private appraisal sector, and the real estate sector shall be represented by their respective heads of organizations or their duly authorized and qualified representatives.
(c) The Central Consultative Committee shall meet upon the call of the Chairperson, and with due notice to the members, at least once every semester and shall have as many meetings as the Chairperson may deem necessary for the adoption of valuation standards. The Chairperson may invite resource persons on issues concerning real property valuation. The Central Consultative Committee shall ensure that there will be equal opportunity for the participation of public and private sector representatives as resource persons.
(d) The BLGF shall serve as the Secretariat of the Central Consultative Committee.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
