• Parañaque mayor eyes lower property taxes

    0

    The Parañaque City government will soon lower the exorbitant real property taxes which the previous administration increased by a whopping 300 percent.

    Parañaque City Mayor Edwin Olivarez said he is holding talks with the City Council for the possible repeal of a controversial tax ordinance passed during the previous administration that raised real property taxes by at least 60 percent and up to 300 percent in some cases depending on the location of the taxable property.

    The tax measure, Ordinance No. 11-11, was passed by the Sangguniang Panglunsod in October 2011 and prescribes a revised schedule of values for land, buildings and other improvements for the city.

    The ordinance effectively raises the value of land which is the basis for the computation of the real property tax (RPT). Its implementation was set for January 1, 2012.

    Before the ordinance could take effect, however, property owners, citizens, business and professional groups went to the courts to stop it, citing lack of due process as well as the arbitrary and exorbitant rates of increase.

    The legal challenge resulted in the issuance of a Temporary Restraining Order (TRO) by the Supreme Court.

    Olivarez expressed confidence that the City Council will support his efforts to have the suspended ordinance rescinded or annulled.

    If the measure is repealed, land values will remain in the 1997 level while those for buildings and other improvement will stay in the 1992 level, easing the tax burden and provide economic relief to property owners.

    Olivarez likewise assured residents and businessmen that no new taxes will be imposed under his term.

    He said instead of imposing new taxes, the city will fully implement all existing tax ordinances.

    “We are confident that we can hit, even exceed, our revenue targets without increasing taxes. Actually, we need only to improve our collection efficiency and that is what we are going to do,” he said.

    At the same time, the mayor called on all businesses and taxpayers in the city to pay their correct taxes to help the city government raise revenues needed for the effective and efficient delivery of basic social and economic services to the people.

    “After all, the citizens will support our effort knowing it will redound to their benefit and the development of the city,” Olivarez added.

    Share.
    loading...
    Loading...

    Please follow our commenting guidelines.

    Comments are closed.