RA 12001 Section 14

Valuation of Real Property.

Section 14

SEC. 14. Valuation of Real Property. - For valuation purposes, all real properties, whether taxable or exempt, shall be valued or appraised based on prevailing market values in the locality where the property is situated, in conformity with the PVS adopted pursuant to this Act. In all instances, depreciation shall be taken into consideration in the valuation of depreciable assets.

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Other provisions in RA 12001

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

CitationRA 12001 Section 14 (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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