MANILA, March 20 -- A priority bill reforming the property valuation and assessment in the country is awaiting President Ferdinand Marcos Jr.'s signature to become a law following its ratification by Congress.

During the plenary session on Wednesday, the House of Representatives ratified the bicameral conference committee report on the disagreeing provisions of House Bill (HB) No. 6558 and Senate Bill (SB) No. 2386, otherwise known as the proposed Real Property Valuation and Assessment Reform Act (RPVARA).

The Senate has already ratified the final version of the bill on Tuesday.

Once enacted into law, it would hasten the automation of services provided by local government units, which in turn would enhance the efficiency of tax collect...