SOME 36 individuals in Cebu City wants to get back their real properties, which have already been forfeited in favor of the City Government due to a tax delinquency.
The properties have a total market value of more than P100.6 million.
Out of the 36, five of them are commercial properties (P30.9 million), 27 are residential properties (P57 million) and four are agriculture lands (P11.8 million).
A list of the forfeited properties, which the previous owners want to redeem, has already been submitted by Acting City Treasurer Diwa Cuevas to the City Council during their June 18 regular session.
The legislative body referred the matter to the committee on laws for their report and recommendation.
Redemption of the forfeited real properties in favor of the City due to a tax delinquency is allowed through City Ordinance (CO) 2362 otherwise known as the Real Property Public Auction of 2013. The ordinance is authored by former city councilor Jose Daluz III.
Daluz had authored the ordinance since the forfeited properties remained idle, ceasing to generate income for the City.
If sold again through public auction, the City is expected to generate revenues and that the owners will continue to pay real property taxes.
Auction schedule
In an interview yesterday, Cuevas said there is no schedule yet on when the auction of the forfeited properties will be held.
She said they are still waiting for the authorization that will be given by the legislative body.
Aside from this, she said her office will be tax mapping again the subject properties to determine if they still exist.
“Naa man guy buildings na-forfeit, tan-awon nato na kung naa pa ba na kay basin na-demolish na diay unya i-auction namo (Some buildings have been forfeited, we need to look at them since they may have been demolished and we’re auctioning them),” she said.
Cuevas said they are yet to determine if forfeited properties will be sold based on their tax delinquency or their fair market value.