Factors Influencing the Updating of Schedule of Market Values (SMVs) by Local Government Units (LGUs): a Comparative Study in the Provinces of Laguna and Cavite

Abstract

The Schedule of Market Values (SMVs) must be updated to provide equitable property taxation and maximize revenue for the Philippines' Local Government Units (LGUs). This study investigates the factors that influence LGUs in the Laguna and Cavite provinces to update SMVs. The study used an exploratory sequential approach, starting with qualitative analysis utilizing open-ended questionnaires provided to assessors, followed by a quantitative phase involving structured surveys. Institutional, administrative, and innovative aspects were examined to better understand their impact on the SMV upgrading process.

The findings show considerable variations between the two provinces, with Cavite having greater institutional frameworks, administrative support, and technological adoption compared to Laguna. Key obstacles in Laguna include limited resources, outdated methods, and insufficient training, whereas Cavite's success is ascribed to capacity-building programs and the usage of Geographic Information Systems (GIS). Statistical investigation indicated that administrative and innovative factors have a substantial influence on the success of SMV updates.

The study emphasizes the importance of strategic investments in technology, training, and policy enforcement to enhance the efficiency of SMV updates. Recommendations include developing capacity-building programs, adopting advanced valuation tools, and establishing clearer institutional policies to promote timely and accurate SMV updates.