iTAX Treas - BlueTheme

[Audio] Overview This module configures Real Property Tax (RPT) components. -Standardizes valuation and assessment process. -Ensures uniform computation across LGUs. Overview- This module configures Real Property Tax (RPT) components. -Standardizes valuation and assessment process. -Ensures uniform computation across LGUs..

[Audio] RPT Configuration Components: Land Building Machine Other Improvements RPT Configuration Components: Land Building Machine Other Improvements.

[Audio] RPT Land Configuration: Land Classification- the legal classification of the land 👉 Purpose: Determines base market value and assessment level. RPT Land Configuration DEFINES the legal classification of the land. It determines base market value and assessment level.

[Audio] Land Adjustment Adjustment applied to the base market value: 👉 Purpose: Used for location factors, economic conditions, or policy-based adjustments. Land Adjustment defines Adjustment applied to the base market value. It is used location factors, economic conditions, or policy-based adjustments..

[Audio] Land Class Levels Property grading level: 👉 Purpose: Higher class level = higher base unit value..

[Audio] Actual Usage Determines actual land use (basis for assessment level): 👉 Important: Assessment level is based on actual usage, not only classification..

[Audio] Plants and Trees (Land Improvements) Additional value added to land: 👉 Purpose: Added to Market Value computation as land improvements..

[Audio] BUILDING CONFIGURATION Building Kind (Residential, Commercial, Warehouse, School, Hospital, etc.) Identifies the primary function of the structure 👉 Ensures proper tax classification and prevents misdeclaration..

[Audio] BUILDING CLASS Classifies the quality level of construction. 👉 Promotes fair and uniform assessment..

[Audio] BUILDING COMPONENTS & MATERIALS Breaks down the building into structural components. 👉 Improves transparency and defendability during taxpayer inquiries..

[Audio] BUILDING STRUCTURE TYPE Identifies structural durability and lifespan. 👉 Different structure types have different useful lives:.

[Audio] BUILDING EXTRA ITEM UNIT Captures additional value-adding installations. 👉 Ensures complete and accurate property valuation..

[Audio] BUILDING MATERIAL CHECKLIST Ensures all materials are properly documented. 👉 Prevents disputes due to incomplete inspection records..