The mortgage bond shall be executed upon real property having a value exceeding by one-third (⅓) the amount of the bond required by the court. The value of the property may be ascertained by a certificate of assessment of the property for the purpose of the payment of the property tax.Whenever it can be shown that the property’s market value is higher than its tax value, the mortgage bond may be executed upon two-thirds (⅔) of the market value of the property over which the court shall fix the amount of the bond.
Puerto Rico Legal Code