Exploring Ancient Land Valuation

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Questions and Answers

Which country introduced real property tax in 1901?

  • Massachusetts
  • USA
  • Philippines (correct)
  • Ireland

Who prepared the first documented land valuation manual in Ireland?

  • Commonwealth Act
  • Presidential Decree
  • Provincial Assessor
  • Sir William Petty (correct)

Which legislation devolved the authority of administering real property taxation to local government units in the Philippines?

  • Presidential Decree no. 76
  • Commonwealth Act no. 470
  • Local Government code
  • Republic Act no. 7160 (correct)

Which ancient civilization focused attention on land-based taxes and established tax concepts that remained the base for the next 1,200 years?

<p>China (D)</p> Signup and view all the answers

In what year did England impose a monthly assessment upon counties, cities, towns, and other real estate based on true property values?

<p>1644 (A)</p> Signup and view all the answers

Who was granted compensation money from the government in ancient Rome, but expressed dissatisfaction with the value assessed for his destroyed properties?

<p>Marcus Cicero (C)</p> Signup and view all the answers

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