What is BIR zonal value?
What is BIR zonal value?
Zonal Valuation – is an approved zonal schedule of fair market values on real property used by the Bureau of Internal Revenue as basis for the computation of internal revenue taxes.
Where can I find zonal value of property?
You either go to www.bir.gov.ph and click on ZONAL VALUES (which will then give you a list of zonal values based on location, and prompt you to download the file for it) or call/visit your nearest BIR office to get the information.
Is assessed value and zonal value the same?
Based on the fair market value, they would determine the assessment level based on the classification of the real property – e.g. residential, industrial, commercial, agricultural, etc. This is what is called “assessed value” that is normally lower than the zonal value of the Bureau of Internal Revenue.
What is the difference between market value and zonal value?
Land value is commonly based on the market value of the area where the property is located. The market value of the property should be considered distinct from the zonal value, which is the value established by the government.
Can you sell property below zonal value?
Simply put, If you’ve found a property with a selling price that is below the BIR zonal value for that property’s location, it does not follow that the property is a bargain.
How do I get a certificate of zonal value?
Currently, all zonal value certifications, regardless of the location of the property, are issued at the BIR National Office by the Assessment Performance Monitoring Division (APMD). At their option, taxpayers can still request the certification from the APMD which is still authorize to process such requests.
Is Amilyar yearly?
It should be paid on or before January 31 of each year. If you can’t pay for the amilyar in full on January 31, you have the option to settle the amount due in four installments: On or before March 31.
What BIR RDO is Quezon City?
BIR RDO 38 – North Quezon City.