Regulations on Living Allowance for Mid or Low-income Senior Citizens Article 4

The evaluation standards for the reasonable value of land and houses as stipulated in Item 3, Sub-paragraph 2, Paragraph 1, Article 2 shall be determined by the authorities using the following guidelines:1. The value of land shall be calculated based on the present value of the assessed current land value; for land not included in the calculation of household real estate, the provisions of Article 5-2 of the Public Assistance Act shall apply mutatis mutandis.2. The value of houses shall be calculated based on the assessed current value of houses as verified by the competent tax collection bodies.The provisions of Item 3 of Sub-paragraph 2 of Paragraph 1 of Article 2 shall not be applicable to those who had received the allowance in the previous fiscal year and the land and houses owned by their family members do not increase, and the growth rate of the assessed current land value of the current fiscal year compared to the one of the last year does not exceed the level of the adjusted growth rate for the assessed current land value promulgated by the municipal and county (city) competent government authority where such land is located.