The formula under DAR A.O No. 5 reads:
LV = (CNI x 0.6) + (CS x 0.3) + (MV x 0.1)
Where:
| LV |
= |
Land Value |
| CNI |
= |
Capitalized Net Income |
| CS |
= |
Comparable Sales |
| MV |
= |
Market Value per Tax Declaration |
The above formula shall be used if all the three factors are present, relevant, and applicable.
A.I When the CS factor is not present and CNI and MV are applicable, the formula shall be:
LV = (CNI x 0.9) + (MV x 0.1)
A.2 When the CNI factor is not present, and CS and MV are applicable, the formula shall be:
LV = (CS x 0.9) + (MV x 0.1
A3 When both the CS and CNI are not present and only MV is applicable, the formula shall be:
LV = MV x 2
In no case shall the value of idle land using the formula MV x 2 exceed the lowest value of land within the same estate under consideration or within the same barangay or municipality (in that order) approved by LBP within one (1) year from receipt of claimfolder.
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