Proposed 2027 Schedule of Market Values (SMV) for Real Properties in Cebu CityThe City Government of Cebu, through the Office of the City Assessor, has prepared the Proposed 2027 Schedule of Market Values (SMV) for Real Properties in Cebu City pursuant to the provisions of Republic Act No. 12001, otherwise known as the Real Property Valuation and Assessment Reform Act (RPVARA).Republic Act No. 12001 was enacted to establish a uniform, transparent, and equitable system for real property valuation in the Philippines. A key feature of the law is the adoption of a Single Valuation Base, which provides a single and continue reading : Proposed 2027 Schedule of Market Values (SMV) for Real Properties in Cebu City