Section 233, RA 7160. The appraisal, assessment, levy and collection of real property tax shall be guided by the following principles. Which…

The question

Section 233, RA 7160. The appraisal, assessment, levy and collection of real property tax shall be guided by the following principles. Which statement does NOT belong here? (2012 Bar Question)

1. A.Real property shall be appraised at its current and fair market value;
2. B.Real property shall be classified for assessment purposes on the basis of its actual use;
3. C.Real property shall be assessed on the basis of a uniform classification within each local political subdivision;
4. D.The appraisal and assessment of real property shall be based on audited financial statements of the owner.

This question has not been answered yet.