English: Under the proposed Real Property Valuation and Assessment Reform (RPVAR) Act, the Bureau of Local Government Finance (BLGF) of the Department of Finance (DOF) is mandated to develop, adopt, maintain, and implement uniform valuation standards which shall be used by all appraisers and assessors in the LGUs and other concerned parties in the appraisal or valuation of lands, buildings, machinery, and other real properties for taxation.
Filipino: Sa ilalim ng panukalang Real Property Valuation and Assessment Reform (RPVAR) Act, ang Bureau of Local Government Finance (BLGF) ng Department of Finance (DOF) ay inaatasan na bumuo, magpatibay, at magpatupad ng pare-parehong pamantayan na gagamitin ng lahat ng mga appraiser at assessor sa mga LGU sa pagtatasa o appraisal ng mga lupa, gusali, makinarya, at iba pang real estate property para sa pagbubuwis.