BIR Zonal Values in Igbac
Buhi, Camarines Sur
INTERIOR
Igbac
INTERIOR
Igbac
ALL LOTS
Igbac
INTERIOR
Igbac
INTERIOR
Igbac
INTERIOR
Igbac
INTERIOR
Igbac
| Location / Street | Barangay | Classification | Zonal Value |
|---|---|---|---|
INTERIOR | Igbac | Residential Regular | ₱960/sqm |
INTERIOR | Igbac | Agricultural Class 40 | ₱1,950/sqm |
ALL LOTS | Igbac | Residential Regular | ₱1,815/sqm |
INTERIOR | Igbac | Agricultural Class 1 | ₱0/sqm |
INTERIOR | Igbac | Agricultural Class 3 | ₱0/sqm |
INTERIOR | Igbac | Agricultural Class 4 | ₱0/sqm |
INTERIOR | Igbac | Agricultural Class 16 | ₱0/sqm |
About BIR Zonal Values
The Bureau of Internal Revenue (BIR) publishes per-square-meter zonal value rates for barangays across the Philippines. These values are used to compute Capital Gains Tax (CGT) at 6% and Documentary Stamp Tax (DST) at 1.5% on real property transactions, whichever is higher between the gross selling price and the BIR zonal value.
Zonal classifications include Residential (R1, R2, R3), Commercial (C1-C5), Industrial (I), and Agricultural codes. Each classification corresponds to a different per-square-meter floor rate set by the local Revenue District Office (RDO).
Frequently Asked Questions
What are BIR zonal values in Igbac, Buhi?
BIR zonal values in Igbac, Buhi are per-square-meter rates published by the Bureau of Internal Revenue's Revenue District Office. They are the floor used to compute Capital Gains Tax (CGT) at 6% and Documentary Stamp Tax (DST) at 1.5% on real property transactions in this area.
Are zonal values in Igbac, Buhi the same as market value?
No. Zonal values reflect the BIR's tax-purpose valuation, which typically lags market price. Actual market values in Igbac, Buhi can be 30-100% higher depending on classification (residential vs commercial vs industrial) and street-level positioning.