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What is Caloocan City Zonal Value Update 2023 about?

This document announces the implementation of revised zonal values of real properties in Caloocan City, Philippines for tax purposes. It authorizes the Commissioner of Internal Revenue to determine fair market values in different zones every 3 years. The Commissioner has revised the zonal values in Caloocan City based on a public hearing. The revised schedule establishes new zonal values that will be used to compute taxes on property sales and transfers, provided they are higher than other specified values.

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7n976mg8jk

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