6 Questions
Which country introduced real property tax in 1901?
Philippines
Who prepared the first documented land valuation manual in Ireland?
Sir William Petty
Which legislation devolved the authority of administering real property taxation to local government units in the Philippines?
Republic Act no. 7160
Which ancient civilization focused attention on land-based taxes and established tax concepts that remained the base for the next 1,200 years?
China
In what year did England impose a monthly assessment upon counties, cities, towns, and other real estate based on true property values?
1644
Who was granted compensation money from the government in ancient Rome, but expressed dissatisfaction with the value assessed for his destroyed properties?
Marcus Cicero
Test your knowledge on the historical valuation of real property and land value in ancient times. Explore references in ancient texts, such as the Bible, and discover the significance of land value for exchange and taxation purposes.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
