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Sworn statement of the true current and fair market value of real properties sample

Sworn statement of the true value of real properties 2026

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The document is a sworn statement required under Republic Act No. 7160, detailing the true current and fair market value of real properties owned or administered by an individual. It includes sections for land, buildings, machineries, and other improvements, requiring specific information such as property classification, location, ownership details, and market values. The statement must be submitted to local assessing authorities in triplicate.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in your personal information at the top, including your name, legal age, citizenship, and civil status.
Identify your role regarding the properties (Owner, Administrator, or Authorized Representative) and provide the name of the property owner.
In Section A for LAND, enter details such as Tax Dec. No., Lot No., Block No., and classification. Specify the area and location of each property.
For BUILDINGS AND OTHER STRUCTURES in Section B, provide information on total floor area, year completed, and actual use. Include Tax Dec. No. and location details.
In Section C for MACHINERIES, list descriptions along with acquisition costs and depreciation values.
Complete any additional sections for improvements like perennial trees/plants as necessary.
Finally, sign the document and ensure it is witnessed if required before submission to the appropriate assessor's office.

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What is an example of writing a sworn statement?

I declare that, to the best of my knowledge and belief, the information herein is true and complete. I understand this statement is made for use as evidence in court and is subject to penalty for perjury.

Is sworn the same as notarized?

A sworn translation shows that the document translation is genuine, much like a notarized translation does. But unlike the notarized kinds, sworn translations do not have to be signed in front of a notary public. Instead, the seal of a sworn translator is enough.

What is the proper statement to use for a sworn statement?

Affirmation of Truth: Conclude with an affirmation statement asserting the truth of the facts presented, often phrased as I affirm that the above statements are true to the best of my knowledge. Notary Section: Leave space for a notary seal and signature, validating the documents authenticity.

What is a sworn statement of declaration?

A sworn declaration (also called a sworn statement or a statement under penalty of perjury) is a document that recites facts pertinent to a legal proceeding. It is very similar to an affidavit but is not witnessed and sealed by an official such as a notary public.

What is the oath for a sworn statement?

If posed as a question, the appropriate wording for an oath for a jurat, verification or affidavit may be something like this: Do you solemnly swear that the statements in this document are true to the best of your knowledge and belief, so help you God?

sworn statement of the true current and fair market value

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What is a written statement sworn before a notary?

An affidavit is a sworn statement a person makes before a notary or officer of the court outside of the court asserting that certain facts are true to the best of that persons knowledge. Affidavits by both plaintiff / prosecutor and defense witnesses are usually collected in preparation for a trial .

What is a sworn statement in real estate?

Affidavit sworn declarations have several uses in many disciplines. They verify ownership and property histories in real estate transactions, therefore guaranteeing openness between buyers and sellers. In business, affidavits bolster statements about contracts, firm operations, and compliance.

What is the purpose of the sworn statement?

Why Are Sworn Statements Used? Sworn statements save time compared to in-court testimony, which allows for cross-examination. These documents allow witnesses who cannot attend court to provide evidence and testify in the case. Alternatively, individuals may also give their statements in person at a legal proceeding.