THE Cebu City Government has exceeded the P800 million target for its real property tax (RPT) collection in the first quarter of 2023.
As of April 12, the City Treasurer’s Office (CTO) had collected P912 million from RPT, P1.62 billion from business taxes and P108 million from miscellaneous taxes, according to the Cebu City Public Information Office.
City Treasurer Mare Vae Reyes told SunStar Cebu on Monday, April 17 that they exceeded their RPT collection target with the help of other government offices, one of which was the City Assessor’s Office.
The increase in the number of new buildings, condominiums and other establishments in the city also led to an increase in City’s tax collection even without the increase in tax rates, according to Reyes.
Last Feb. 6, Mayor Michael Rama vetoed an ordinance approved by the City Council that revised the RPT code, saying the approved increase in rate was “too small.”
During the testimonial dinner of the Charter Day celebration last Feb. 24, Rama also said he was eyeing May as the month to reintroduce the revisions and amendments to the RPT code.
Meanwhile, the CTO reminded business owners to pay their business taxes within the week to avoid penalties.
Reyes said the final day of paying business taxes is on Thursday, April 20, and they will not give an extension to the deadline.
The CTO has set up a satellite office at Robinsons Galleria Cebu for the payment services.