This course offers a thorough guide to preparing the Schedule of Market Values (SMV) for real properties, focusing on the legal framework, procedures, and tools necessary for property appraisal and assessment under the Local Government Code (LGC).

Key topics include the three-year development cycle, which includes data gathering, value updates, tax compliance studies, the classification of lands, buildings, and machinery, as well as depreciation rates and how to create land value maps. The course also covers a matrix of parameters for accurate property assessment and includes workshops simulating the preparation of SMVs for urban, agricultural lands, and buildings, with techniques like the Building Residual Method.

Participants are guided through the process of completing the SMV forms, covering property classification, value calculations, and depreciation schedules. The course ensures that learners gain the necessary skills to effectively prepare and assess property values for taxation.

   

   

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