Senator Sherwin Gatchalian The enactment of the Real Property Valuation and Assessment Reform Act (RPVARA) will provide reprieve for delinquent taxpayers of real property tax, Senator Sherwin Gatchalian said on Saturday, June 15. Gatchalian was...
The Department of Finance (DOF) said the Real Property Valuation and Assessment Reform Act (RPVARA) will enable local government units (LGUs) to achieve financial independence. In a statement, Finance Secretary Ralph G. Recto said the RPVARA, also known as Republic Act No. 12001, will overhaul the...
Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte says the newly-signed Real Property Valuation and Assessment Reform Act (RPVARA) will generate higher revenue for local government units...
President Marcos has signed the Real Property Valuation and Assessment Reform Act (RPVARA), raising concerns among property owners about its potential impact on their yearly property taxes, often referred to as "Amilyar." Addressing these worries, Finance Secretary Ralph G. Recto swiftly...
President Marcos has signed into law the Real Property Valuation and Assessment Reform Act (RPVARA) which improves the country's outdated valuation system. The new law—Republic Act No. 12001— was one of the two measures Marcos signed on Thursday, June 13. Marcos said the RPVARA is expected to...
The Senate has approved on third and final reading Senate Bill No. 2386 or the proposed Real Property Valuation and Assessment Reform Act (RPVARA). With 23 affirmative votes, zero negative votes and zero abstentions, SB 2386 was approved by the Senate during its plenary session on Monday,...
The proposed Real Property Valuation and Assessment Reform Act--one of the priority legislative measures President Ferdinand "Bongbong" Marcos, Jr. mentioned in his first State of the Nation Address (SONA)--has been approved on third and final reading by the House of Representatives. (Ellson...
