Recto welcomes new law bringing a just, equitable, and efficient real property valuation system in PH–empowering LGUs to be financially self-sufficient
PRESS RELEASEFinance Secretary Ralph G. Recto has welcomed the enactment of the Real Property Valuation and Assessment Reform Act, which was signed into law as Republic Act No. (RA) 12001 by President Ferdinand R. Marcos, Jr. on June 13, 2024, to establish a just, equitable, and
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TAG Bureau of Internal Revenue (BIR), Bureau of Local Government Finance (BLGF), Department of Finance (DOF), International Valuation Standards (IVS), Local Government Units (LGUs), President Ferdinand Marcos Jr, Ralph Recto, Real Property Information System (RPIS), Real Property Tax Administration Fund (RPTAF), Real Property Valuation and Assessment Reform Act. (RPVARA), Register of Deeds, Republic Act No. 12001, Senate President Francis "Chiz" Escudero, Speaker Martin Romualdez, Special Education Fund