Baguio City, Philippines – The Depart of Finance issued DO No. 29-2018 dated June 4, 2018 to implement the revised schedule of Zonal Values of Real Properties in the City of Baguio (3rd Revision) for internal revenue tax purposes within the jurisdiction Revenue District Office No. 008 – Baguio City.

Section 6(E) of Republic Act No. 8424, otherwise known as the “Tax Reform Act of1997”, authorizes the Commissioner of Internal Revenue to divide the Philippines into different zones or areas and determine for internal revenue tax purposes, the fair market value of the real properties located in each zone or area upon consultation with competent appraisers both from the private and public sectors.

By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the City of Baguio, Province of Benguet, within the jurisdiction of RDO No. 8 – Baguio City, Revenue Region No. 2 – Cordillera Administrative Region after public hearing was conducted on December 6, 2017 for the purpose. This Order is issued to implement the Revised Schedule of Zonal Values of Real Properties for purposes of computing any internal revenue tax due on sale/transfer or any other disposition of real properties. The zonal values established herein shall apply provided the same is higher than (1) the fair market value as shown in the schedule of values of the provincial or city assessor and (2) the gross selling price/consideration as shown in the duly notarized document of sale or transfer of real property.

This order shall take effect immediately.


BIR has already published the new rate of the Zonal Values and it is found in their website . You may also directly download the zip file using this link.


  • Greg Aquino

    Greg V. Aquino is a Certified Public Accountant engaged in Public Practice since the year 2010. He is the managing partner of Clemente Aquino & Co., CPAs since the year 2013. Sector experience includes food & franchise company; real estate; distributorship; gasoline dealership; PEZA companies; BPOs; and non-profit organizations. He can handle individual tax planning; corporate tax planning; estate planning; transfers of real and personal properties; setup of a corporation, partnership, one-person corporation, and sole proprietorships; local government taxation; corporate housekeeping; resident agent services; corporate secretariat; fs preparation or compilation; fs reconstruction; fs audit; internal audit; and others.

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