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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.
- Click ‘Get Form’ button to obtain the form and open it for editing.
- 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.
- Identify your role related to the properties by selecting from the options provided (owner, administrator, or authorized representative). Fill in your name accordingly.
- 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.
- 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.
- 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.
- For machinery, input the tax declaration number, a description, date acquired, acquisition cost, installation site cost, and value of depreciation.
- If applicable, declare other improvements, such as perennial trees or plants, by detailing their kinds, number, productive status, and current and fair market value.
- Affix your signature in the space provided, ensuring compliance with the requirements for witnesses if necessary. Make sure to include relevant tax identification numbers.
- 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.
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.
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