City to auction real properties with unpaid taxes

-A A +A

Thursday, December 12, 2013


THE city treasurer’s office of Cagayan de Oro has warned those who have delinquent real property tax (RPT) to pay up or else their properties will be auctioned off by first quarter next year.

“If you fail to pay in the first quarter, you are considered delinquent under the Local Government Code,” city treasurer Glen Bañez said.

Bañez said they have one year to redeem the property if they have already settled their account.

The real property owners’ payment will come with the monthly two-percent charge due to delinquency on top of other surcharges.

Bañez said after they have paid their delinquents they will consolidate with the court to claim their properties in case they were already sold to other buyers.

However, he said they will give chance to the owners before they will start auctioning off the properties.

Their records show a total of P400 million in delinquent payments remain uncollected by the previous administration despite the demand letters the city government sent.

He said all delinquent tax payers will be notified through the local newspapers.

Bañez said that they will show no mercy in dealing with the real property tax non-payers.

Bañez added that they will be requiring all establishments with a gross receipts of P300,000 to submit their financial statements, Income Tax Return, and VAT returns as early as this year to catch up with the deadline on January 20.

He said the scheduled date in paying taxes will start on January 2 to January 20, 2014.

Published in the Sun.Star Cagayan de Oro newspaper on December 12, 2013.

Local news

DISCLAIMER: Sun.Star website welcomes friendly debate, but comments posted on this site do not necessary reflect the views of the Sun.Star management and its affiliates. Sun.Star reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules: Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent and respectful. Do not shout or use CAPITAL LETTERS!
Holy Week 2014

FOREX: US$ 1.00 = PhP 44.420

Bangko Sentral ng Pilipinas

Philippine Lotto Results

Gamesort iconCombinations
6Digit7-2-0-8-1-6
Swertres Lotto 11AM8-9-8
Swertres Lotto 4PM4-5-2
Swertres Lotto 9PM6-0-7
EZ2 Lotto 9PM04-02

Today's front page

Sun.Star Cagayan de Oro front page for April 21, 2014

Other front pages

Sun.Star Jobs
  • Sun.Star Zup!
  • Pacman blog
  • Filipino Abroad
  • Technology
  • Philippine Polls
  • Festivals
  • Pnoy
  • tell it to sunstar
  • goodearth
  • ePaper
  • Sunstar Multimedia
  • Calamity Report
  • Obituary
  • Sinulog
  • SunStar Celebrity
  • Habemus Papam