Browse Land lots For rent in Baguio, Benguet or list your own. Advertise, sell your property, list it for letBaguio (UK: BAG-ee-oh,
US: BAH-ghee-oh, -OH), officially the City of Baguio (Ibaloi: Ciudad ne Bag-iw; Ilocano: Siudad ti Baguio; Tagalog: Lungsod ng Baguio) and popularly referred to as Baguio City, is a city in the mountainous area of the Northern Luzon, Philippines. It is known as the Summer Capital of the Philippines, owing to its cool climate since the city is located approximately 4,810 feet (1,470 meters) above mean sea level, often cited as 1,540 meters (5,050 feet) in the Luzon tropical pine forests ecoregion, which also makes it conducive for the growth of mossy plants, orchids and pine trees, to which it attributes its other moniker as the "City of Pines".Baguio was established as a hill station by the United States in 1900 at the site of an Ibaloi village known as Kafagway. It was the United States' only hill station in Asia.Baguio is classified as a Highly Urbanized City (HUC). It is geographically located within Benguet, serving as the provincial capital from 1901 to 1916, but has since been administered independently from the province following its conversion into a chartered city. The city is a major center of business, commerce, and education in northern Luzon, as well as the location of the Cordillera Administrative Region. According to the 2015 census, Baguio has a population of 345,366.
In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A lot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a lot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a lot is called fee simple in some countries.
A lot may also be defined as a small area of land that is empty except for pavement or similar improvement. An example would be a parking lot. This article covers lots as parcels of land meant to be owned as units by an owner(s).
Like most other types of real estate, lots owned by private parties are subject to a periodic real estate tax payable by the owners to local governments such as a county or municipality. These real estate taxes are based on the assessed value of the real property; additional taxes usually apply to transfer of ownership and property sales. Other fees by government are possible for improvements such as curbs and sidewalks or an impact fee for building a house on a vacant lot.Source: https://en.wikipedia.org/
