AN ORDINANCE APPROVING THE SCHEDULE OF MARKET VALUES OF ALL REAL PROPERTIES INCLUDING OTHER STRUCTURES AND AGRICULTURAL LANDS AS THE BASIS IN THE GENERAL REVISION OF REAL PROPERTY ASSESSMENTS IN THE CITY OF MALAYBALAY IN ACCORDANCE WITH R.A. NO. 7160 OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991.
Be enacted by the Sangguniang Panlungsod of the City of Malaybalay, in session assembled,
SECTION 1. – Title – The title of this Ordinance shall be known as “ An Ordinance Revising the Schedule of Market Values of All Real Properties including other Structures and Agricultural Lands in the City. “
SECTION 2. – This Schedule of Market Values of Real Properties including other Structures and Agricultural Lands shall be the basis of the general revision of assessments and property classification within the territorial jurisdiction of the City of Malaybalay for the General Revision Year 2014 and thereafter unless amended or repealed.
Schedule of Base Unit Market Values for all Residential and Commercial Lands by Classification and by Barangay:
SCHEDULE OF BASE UNIT MARKET VALUES FOR RESIDENTIAL, COMMERCIAL AND INDUSTRIAL LANDS