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  • Sworn Statement Of The True Current And Fair Market Value Of Real Properties

Get Sworn Statement Of The True Current And Fair Market Value Of Real Properties

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How to fill out the sworn statement of the true current and fair market value of real properties online

This guide provides step-by-step instructions for filling out the sworn statement of the true current and fair market value of real properties online. Designed for users of all experience levels, it ensures a clear understanding of each section and field of the form.

Follow the steps to complete your sworn statement effectively.

  1. Click ‘Get Form’ button to obtain the form and open it for editing.
  2. Begin by entering your full name in the designated area, along with your legal age and postal address. Specify your citizenship and civil status in the respective fields.
  3. Identify your role related to the properties by selecting from the options provided (owner, administrator, or authorized representative). Fill in your name accordingly.
  4. List the details of the real properties you are declaring. For each property, indicate whether it is land, building, machinery, or another improvement. Provide the location information including city/municipality and province.
  5. For lands, complete the section by providing details such as the existing tax declaration number, lot number, block number, cadastral or PLS number, classification, area, and total current and fair market value.
  6. If declaring buildings and other structures, provide information regarding year completed, actual floor area, tax declaration number, and location. Include the general description and true current and fair market value for each structure.
  7. For machinery, input the tax declaration number, a description, date acquired, acquisition cost, installation site cost, and value of depreciation.
  8. If applicable, declare other improvements, such as perennial trees or plants, by detailing their kinds, number, productive status, and current and fair market value.
  9. Affix your signature in the space provided, ensuring compliance with the requirements for witnesses if necessary. Make sure to include relevant tax identification numbers.
  10. Review the completed form for accuracy. Once confirmed, you can save changes, download, print, or share the form as needed.

Complete your sworn statement online today to ensure timely submission and compliance.

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The assessed value of the property is defined by its fair market value multiplied by the assessment level fixed through ordinances. The assessed value may be defined as the property's taxable value. To get the taxable value of a property, you need to multiply the market value by the assessment level.

IPREA is a non-profit, valuer/appraiser professionals' organization based in UP Diliman. It is the sole Philippine member of the IVSC and the AVA.

To compute for the book value per share = Net asset divided by No. of outstanding common shares. In this case, the book value of the shares of stock in ABC Corporation shall be Php 150 per share. As such, the fair market value of the shares of stocks in ABC Corporation shall be Php 150.

Look at comparable homes in your neighborhood then divide by square footage. Then take that dollar amount and multiply by the number of square feet in your home.

For example, if a seller lists a home for $350,000, and an interested buyer offers $300,000, and the buyer and seller negotiate and agree on the purchase price of $310,000, that is the fair market value.

Or you either go to https://.bir.gov.ph/index.php/zonal-values.html (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.

Based on Section 218 of the Local Government Code, these are the typical assessment levels: Residential: 20% Agricultural: 40% Commercial, Industrial, and Mineral: 50%

The assessed value of the property is defined by its fair market value multiplied by the assessment level fixed through ordinances. The assessed value may be defined as the property's taxable value. To get the taxable value of a property, you need to multiply the market value by the assessment level.

Fair market value (FMV) is the amount for which property would be sold in a voluntary transaction between a buyer and seller, neither of whom is under any obligation to buy or sell. [

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232