Will the actual valuation be done by the DOF or BLGF?

No. The actual valuation will still be prepared by the local assessors since they know the ground developments, have access to information on the local real property market, and conduct ground work in relation to their regular function of appraisal and assessment of real properties. The DOF will only review and approve the proposed SMV of the LGU, and exercise technical oversight over them. Only the processes and procedures will be rationalized and improved.

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