The Department of Finance (DoF) has expressed support for proposals aimed at reforming the country’s “outdated” property valuation system.

In a statement on Tuesday, Finance Secretary Carlos Dominguez 3rd said the department was backing Senate Bill 44, filed by Sen. Panfilo Lacson, and its counterparts, House Bill (HB) 2207 introduced by Speaker Gloria Macapagal-Arroyo and HB 68 by Albay Rep. Joey Salceda.

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