C O M P O N E N T 4 . 5

VALUATION

TECHNOLOGIES

C O M P O N E N T 4 . 5

G E N E R A L A P P R O A C H

Deploy simple, flexible, cost-effective & sustainable technologies to support valuation reforms

V A L U A T I O N & T A X A T I O N C Y C L E

eFAAS

Assessor System

Property Values/ Assessment

Treasury System

Tax Bill

Property Owner

Transaction Investments

SalesData

VDIS

(Valuation Database and Information

System)

SMV

Geographic Information

Systems

D A T A B A S E D E V E L O P M E N T O B J E C T I V E S

To develop, deploy, implement & maintain a National Property Sales Transactions & Cost Database

To support the LGUs in the preparation of Schedule of Market Values (SMV)

VALUATION DATABASE & INFORMATION SYSTEM

VDIS

T H E V A L U A T I O N D A T A B A S E & I N F O R M A T I O N S Y S T E M

VDIS

A system to store & process market data

A tool to assist appraisers to perform property valuations

Store property sales transactions data for Residential, Commercial, Agricultural, Industrial, Special Purpose, Minerals & Timberland properties with data attributes for market, income & cost analysis approach

Store property appraisal data (property not sold) for Residential, Commercial, Agricultural, Industrial, Special Purpose, Minerals & Timberland properties

Store property Rental / Lease data

System feature for LGU, Regional & Central operation

VDIS MAIN FEATURES

VDIS VALUE ADDED FEATURES

Building construction cost (material, labor, professional fees, & other service fees)

Building construction / reproduction modelling tools

Various Statistical & Analysis Reports

LGU Schedule of Market Value (SMV) Database

LGU Schedule of Base Unit Construction Cost Database for Building

Annual Production Cost Database for Agricultural Land

Gross Income & Production Expenditure Database & Modelling Tool for Agricultural Land

Production Expense Statement for Agricultural Land

VDIS S N A P S H O T S

VDIS S N A P S H O T S

VDIS S N A P S H O T S

VDIS S N A P S H O T S

VDIS S N A P S H O T S

VDIS SNAPSHOTS

Code Matching of VDIS & DCS

VDIS O U T P U T

Property Sales Listings (by Geographic Area, period, etc.)

Sales for a Property Sales for a Party Property Sales Data (Land, Building & Machinery)

Appraisal Listings

Rental / Lease Cost

Building Construction Cost

Land Market Statistical Data

BENEFITS & BENEFICIARIES

LGU Assessors

Improved SMV

Property market information and industry trends

LGU Treasurers

Estimating future taxes / Forecast

Reliability of transfer fees

Private Appraisers

Reduction of research time &

improved quality of appraisal

Realtors & Brokers

Tool in arriving at better asking prices

Bank & Lending Institutions

Good reference for mortgage lending

Public

Transparent Market

Informed Decision

Consistent value

GOP

Value close to market

THE ELECTRONIC FIELD APPRAISAL & ASSESSMENT SHEET

eFAAS

eFAASWHAT IT IS A digital version of the Field Appraisal & Assessment Sheet used by

LGU Assessors

Features Ease in data management Fast data access & retrieval Help the assessor’s office with the general revision Mass generation of FAAS, TD and Notices

PURPOSE Facilitate data capture & build-up of field appraisal & assessment

records; Support daily operation on updating property records & generation

of related documents (i.e. Tax declaration, FAAS) Support General Revision.

eFAAS SNAPSHOTS

eFAAS SNAPSHOTS

eFAAS SNAPSHOTS

eFAASOUTPUT

Electronic Field Appraisal & Assessment Details Land BuildingMachineries

Individual Printing & Mass Generation Tax Declarations Field Appraisal & Assessment SheetNotice of Assessment Assessment Roll

IMPLEMENTATION

PARTNERSHIP AGREEMENTS

PVS & LGU

ORIENTATION

PVS

DEPLOYMENT OF RESAS &

eFAAS (Configuration &

Testing)PVS

CAPACITY BUILDING

PVS

STREAMLINING/ MEETINGS

PVS & LGU

OPERATIONS

NGAs, LGUs, Private Sector

Linking with other databases

Join the PVS Valuation e-group

1. Contact and Register your email address to Mr. Mervin Martinez (Moderator)

2. Wait for the Moderator enrollment invitation

3. Join the eGroup following the yahoogroups procedure

4. Configure subscription according to your personal preferences

5. Enjoy the new way of knowledge and information sharing

pvstech@yahoogroups.com

Purpose of the e-group

1. Common, simple and easy to use “support mechanism” for BLGF, SRP-LGUs, ISF-LGUs, including OSS

2. Facility for: Faster distribution of knowledge & information sharing Providing technical support/assistance on & off site

3. File repository of Valuation Technologies training materials, version updates, etc.

4. Forum for valuation technology related implementations, issues and other troubleshooting concerns

pvstech@yahoogroups.com

THANK YOU!