Real estate exempt from taxation.
Section 29
SEC. 29. Real estate exempt from taxation.—The following shall be exempt from taxation: Lands or buildings owned by the United States of America, the Commonwealth of the Philippines, or the City of Iloilo, and burying grounds, churches, and their adjacent parsonages and conventos, and lands or buildings used exclusively for religious, charitable, scientific, or educational purposes, and not for profit; but such exemption shall not extend to lands or buildings held for investment, though the income therefrom be devoted to religious, charitable, scientific, or educational purposes. Lands or buildings which are the only real property of the owner, and the value of which does not exceed one hundred pesos. The city assessor shall make the list of the taxable real estate in the city, and the names of the owners shall be arranged in the order of the lot and block numbers with a brief description opposite each such name of the property owned by such owner and the cash value thereof. In making this list, the city assessor shall take into consideration any sworn statement made by the owners of the property, but shall not be prevented thereby from considering other evidence on the subject and exercising his own judgment in respect thereto. For the purpose of completing this list, he and his representatives are empowered to enter upon the real estate for the purpose of examining and measuring the same, and to summon witnesses, administer oaths to them, and subject them to examination concerning the ownership and the amount of real estate and its cash value. It shall be the duty of the city assessor, so far as is necessary, to examine the records of the office of the register of deeds in the Province of Iloilo showing the ownership of real estate in the city.