PD 1621 Section 2

Increasing the amount of exemption under paragraph (d), Section 40 of PD 464, as amended.

Section 2

SEC. 2. Increasing the amount of exemption under paragraph (d), Section 40 of PD 464, as amended. – Section 40, paragraph (d) of PD 464, as amended, is hereby amended to read as follows: “SEC. 40. Exemptions from Real Property Tax. – The exemptions shall be follows: “(d) Real property in any one city or municipality belonging to a single owner, the entire assessed valuation of which is not excess of one thousand pesos; Provided, however, That the property so exempt shall be assessed and records thereof kept as in order cases.

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Other provisions in PD 1621

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 1621 Section 2 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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