ASSESSMENT LEVEL RATES (as per RA 7160)

ASSESSMENT LEVEL RATES

Section 218. Assessment Levels.

- The assessment levels to be applied to the fair market value of real property to determine its assessed value shall be fixed by ordinances of the sangguniang panlalawigan, sangguniang panlungsod or sangguniang bayan of a municipality within the Metropolitan Manila Area, at the rates not exceeding the following:

Classification Maximum Level Rate
LAND
Class Maximum
Assessment Level
(RA 7160)
QC - Ordinance
SP-2551 S- 2015
QC - Ordinance
SP-2556 S- 2016
RESIDENTIAL 20% 18% 5%
TIMBERLAND 20% - -
AGRICULTURAL 40% - -
COMMERCIAL 50% 45% 14%
INDUSTRIAL 50% 45% 14%
MINERAL 50% - -
BUILDING & OTHER STRUCTURES
Residential Commercial/Industrial
FMV Over But Not Over Assessment Level FMV Over But Not Over Assessment Level
0 P175,000 0%
175,000 300,000 10% 300,000 30%
300,000 500,000 20% 300,000 500,000 35%
500,000 750,000 25% 500,000 750,000 40%
750,000 1,000,000 30% 750,000 100,000,000 50%
100,000,000 2,000,000 35% 1,000,000 2,000,000 60%
2,000,000 5,000,000 40% 2,000,000 5,000,000 70%
5,000,000 10,000,000 50% 5,000,000 10,000,000 75%
10,000,000 60% 10,000,000 80%
Machineries
Class Assessment Level Quezon City
RESIDENTIAL 50% 50%
COMMERCIAL 80% 70%
INDUSTRIAL 80% 70%
SPECIAL CLASS
CULTURAL
SCIENTIFIC
HOSPITAL
15%
Water District/GOCC engaged on generation/transmission of electric power 10%