Unformatted text preview: and sources of information. The city
could utilize the existing sources, such as the zonal values of real property used by the
Bureau of Internal Revenue, and professionals and real estate agents. The efforts could
be combined with training of public inspectors who can make informed judgments on
the information from different sources. They can also be trained to use better but
appropriately simple models of assessment. Record processing can be improved through
computerization, which would also require staff training so as to be more productive.
* Simplfying the System: Reassessments and re-evaluations could be carried out regularly and
on time. Given time, resource and political constraints, a reasonable indexing system can
be adopted to incorporate inflationary effects between evaluations. The overall valuation
system could be simplified, for example by adopting a mass appraisal system. In Brazil
scarcity of skills and inaccessibility of market data was overcome by simplifying valuation
methods, central assistance and use...
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- Winter '13
- Revenue, ........., Olongapo City, Tax rates around the world