SUMMARY
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MANILA, Philippines – Villaruz says tax declaration was issued for taxation purposes only, adds that value reflected in tax declaration is not actual current market value of property, not acquisition cost.
Panganiban of the Prosecution panel says under Local Government Code, owner must declare with city assessor’s office true value of property, asks if Chief Justice Corona complied with requirement to declare true value of property with city assessor’s office.
Villaruz says he does not know if Corona made any such declaration.
Sen. Koko Pimentel says section 204 of Local Government Code says if person did not declare, it is assessor who will make declaration. Villaruz reads section 204 of local government. – Rappler.com
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