18/04/2026
Did you know that the way real properties are valued in the Philippines is now being standardized?
The Real Property Valuation and Assessment Reform Act (RPVARA) or RA 12001 is a significant development in the real estate industry. It aims to ensure that property valuation becomes fair, transparent, and aligned with market-based values across the country.
With RPVARA, we can expect a more consistent Schedule of Market Values (SMV), improved assessment systems, and a stronger foundation for real estate transactions and taxation.
For property owners, brokers, and investors, understanding RPVARA is essential as it directly impacts property valuation, taxes, and overall market dynamics.
Stay informed. Stay prepared.