26/02/2026
Public Consultation on the Proposed Schedule of Market Values (SMV) 2026
Day 1 of 2
Kabankalan City conducted Public Consultation on Proposed Market Values for 2028-2030
Kabankalan City – In compliance with Section 15 of R.A. 12001, also known as the Real Property Valuation and Assessment Reform Act, the Local Government Unit (LGU) of Kabankalan City, through the office of the City Assessor, conducted a two-day public consultation on February 26 and 27, 2026, to present and discuss the proposed schedule of market values effective for the calendar years 2028-2030.
The Real Property Valuation and Assessment Reform Act mandates periodic updates of market values to reflect current economic conditions and property values. The public consultation is a crucial step in ensuring transparency and fairness in the assessment process, allowing stakeholders to have their say before the new schedule is implemented.
The purpose of the two public consultation were to inform the community about the proposed market values and to provide a platform for stakeholders to express their views, ensuring transparency and participation in the property valuation process.
On February 26, 2026, the consultation was held at the K-Center Gymnasium in Kabankalan City with 76 attendees and on February 27, 2026 at Barangay Tapi, this city, with 163 in attendance. The session aimed to gather input from local residents both in poblacion and in distant barangays, property and business owners, and other stakeholders regarding the proposed market values that will be used to assess real properties in the city, providing an opportunity for residents to participate in the discussions. This ensured that a diverse range of perspectives were considered in the valuation process.
The event was a success, with representatives from national offices like BIR-RDO 078, DENR, and DAR-Kabankalan. Lending institutions such as DCCO and Yusay Credit & Financing were also present, alongside banks like Land Bank of the Philippines, Producers Bank, and Security Bank. Big names like McDonald's and San Miguel Global Power (SMGP)-Kabankalan Power Co. Ltd., were also present. Representatives from several subdivisions in the city (HLG/Villa Co**ha, AJCP Realty Corp./Jocelyne Subdivision, MILZA Subdivision & KITEMPCO Subdivision, and the City Assessment Office of Himamaylan City, led by their City Assessor, Butch Leonidas, also contributed to the event’s success.
The presentation were led by Roldan G. Dunque, REA, city assessor, who discussed the legal basis and key points of the Real Property Valuation and Assessment Reform Act (RPVARA) and Merle M. Ondon, REA, Local Assessment Operations Officer I, who presented the residential and commercial valuation. They explained the process used to determine the proposed values for different classes of real properties. The methodology and data used in determining the valuations are also presented. Attendees were encouraged to raise questions, voice concerns, and provide feedback on the proposed values.
Following each presentation, an open forum was held, allowing attendees to voice their concerns, ask questions, and provide feedback on the proposed market values. All concerns and queries were properly addressed. This interactive session ensured that all stakeholders had the opportunity to contribute to the valuation process.
The feedback gathered from these public consultations will be carefully reviewed and considered in finalizing the schedule of market values for 2028-2030. This collaborative approach aims to create a fair and equitable property valuation system that benefits both the local government and the community of the City of Kabankalan.
