of fifty pesos, the tax thereon shall not be collected, though in any event the property shall be valued for the purpos es of assessment and record shall be kept thereof as in other cases. 

[ 1458-4.] 

( e ) Land held by a homesteader under an application filed in accordance with law, prior to the vesting of title in him by the issuance of a patent; but this exemption does not extend to buildings and improvements thereon the title to which is not in the Go vernment. 

[926-3; 1864-2; III Op. Atty. Gen., 178, 486.] 

(f) Machinery, which term shall embrace machines, mechanical contrivances, instruments, tools, implements, appliances, and apparatus used for industrial, agricultural, or manufacturing purposes. 

[ 2197-7.] 

( g ) Fruit trees and bamboo plants, except where the land upon which they grow is planted principally to such growth. 

[2516-1; 2653-1.] 

S ECTION 433 . Division of Proceeds Between Provinces and Municipalities . — The proceeds of the real-property tax shall be applied to the use and benefit of the respective provinces and municipalities wherein the property liable to such tax is situated. H CDaAS 

The share of a province in said tax shall be levied by the provincial board thereof, whose duty it shall be, on or before the thirty-first day of December of each year, to fix by resolution an uniform rate of taxation for the succeeding year, in an amount not less than one-eighth nor more than three-eighths of one per centum. 

The share of a municipality shall in the same manner be levied by ordinance of the municipal council thereof in an amount not less than one-fourth nor more than one-half of one per centum. EAcTDH 

The resolutions of the provincial board and the municipal ordinances fixing the rate of land tax shall remain in force for succeeding years unless said resolutions and ordinances are amended or revoked. 

