STUDY ON THE REVENUE IMPACT OF SMV REVISION C O M P O N E N T 4 . 1 B To provide information on the effects of the proposed SMV on LGU revenue and tax burden of property owners To provide a starting point for formulating tax policy options responsive to the revenue requirements of the LGU and to taxpayers’ ability-to-pay WHY CONDUCT A REVENUE IMPACT STUDY Misconception: Property tax is strictly value driven MISCONCEPTION BETWEEN SMV REVISION AND RPT