First, let’s define the term ZONAL VALUE or Zonal Valuation:
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.
Zonal valuation is used primarily:
- Basis for computing the fair market value of the property
- computation of internal revenue taxes
Now, on to answering the question, how do you go to get the Zonal Value of a Real estate property?
Simple! 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.
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