Last hearing on real property tax set Friday-A A +A
Wednesday, July 9, 2014
THE Iloilo City Council’s committee on ways and means will hold Friday the last public hearing on the proposed increases of real property taxes in the city.
Committee chairman Plaridel Nava said he is set to present a proposed tax ordinance adopting, approving and prescribing the new schedule of base unit market values of lands and schedule base unit of construction cost of buildings and other improvements to take effect starting January 1, 2015.
The hearing will also give chance for the local businessmen to air out their sentiments on the proposed new schedule of zonal valuation on real properties.
The local businessmen belonging to eight business organizations in the city submitted a joint position paper detailing their opposition to the proposed tax increases. [Read the related story.]
Nava said that under the Local Government Code, a local government unit is mandated to increase its real property taxes every three years and the City Government has no other recourse except to apply the RPT hike as mandated.
Nava said the City Government and the businessmen may be able to come up with a compromise agreement on this matter and to seek out a win-win solution after hearing all sides of the stakeholders.
The businessmen are reportedly willing to sit down to discuss the situation and the City may opt for staggered payment of the RPT because of calamities, the committee chairman said.
Nava clarified that the City Treasurer’s Office is in charge of tax collection but it is the City Budget Office that prepares the standing obligations. The city assessor prepares the base schedule of zonal values on land, buildings and machineries.
Nava conducted a third public hearing and consultation last July 4 but it was quickly adjourned due to non-preparation of a city treasurer’s representative. He said the solution must be reached before the end of July.