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Manila Bulletin devider Philippines devider Metro Manila devider Taguig LGU to hold public consultations on schedule of market values

Taguig LGU to hold public consultations on schedule of market values

Published Jan 23, 2026 03:20 pm

The Taguig City government will hold public consultations on its proposed schedule of market values (SMV). 

Schedule of market values, under Republic Act 12001 (Real Property Valuation and Assessment Reform Act), "refers to a table of base unit market value for all kinds of real property, except machinery within an LGU [local government unit], prepared by assessors pursuant to existing laws, rules and regulations." 

An employee of the Taguig City government (Photo from the Taguig City government's Facebook page)
An employee of the Taguig City government (Photo from the Taguig City government's Facebook page)

"For real property not specified in the SMV, the same shall be appraised at its current market value, and shall be assessed for taxation purposes by applying the prescribed assessment level based on its actual use," the law added. 

Last December, the Taguig City government approved an ordinance increasing real property tax in the city by 0.25 percentage point that took effect on Jan. 1. 

The city government will hold the public consultations on the SMV in-person and online on the following dates: 

Jan. 28 (9 a.m. to noon) - Homeowners’ associations (HOAs), barangays, Bureau of Internal Revenue (BIR), Bureau of Local Government Finance (BLGF) and City Planning and Development Office (CPDO) 

Jan. 30 (1 p.m. to 4 p.m.) - Estates, BIR, BLGF, CPDO

Feb. 2 (1 p.m. to 4 p.m.) - Manufacturing and other stakeholders, BIR, BLGF, CPDO

"Public participation is a vital part of this process. These consultations provide stakeholders with the opportunity to understand how property values are determined, review the proposed revisions, and share insights that will help ensure the SMV is fair, transparent, and reflective of current conditions," the city government announced. 

The public consultations aim to explain how property values are determined, present the proposed valuation data, receive questions, concerns, and suggestions from stakeholders, and promote transparency prior to submission for national review and approval, the city government added. 

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