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Real property tax to soar

The Real Property Tax (RPT) in Cebu City is set to soar, with some land owners seeing an increase of 525 percent in their tax dues. The City Council is currently holding public hearings on the proposed ordinance, with the next one scheduled for next week. ....

Lapu City , Cebu City , Jocelyn Pesquera , Donaldo Dondon Hontiveros , Pat Aguilar , Jerone Castillo , Francis Esparis , Barangay Lahug , Teddy Ouano , Maria Teresa Ceballos Rosell , Noel Wenceslao , Philippine Stock Exchange , Corporation Code Of The Philippines , Office Of The City Assessor , City Council , Real Estate Service Act Of The Philippines , Sanson Road , Cebu City Government , Real Property Tax , Local Finance Committee , Real Property Tax Code , Taxing Jurisdiction , Acting City Assessor Maria Teresa Ceballos Rosell , City Government , Market Values , Real Estate Service Act ,

Real property tax to soar

FROM paying P1,200 in real property tax (RPT), a land owner with a 500-square-meter residential land on Sanson Road, Barangay Lahug, may expect a significant jump of 525 percent in his tax dues once the Cebu City Government approves and implements the proposed Real Property Tax (RPT) Ordinance which, its author said, to some extent is based on “subjective” assessments.

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Lapu City , Cebu City , Donaldo Dondon Hontiveros , Francis Esparis , Barangay Lahug , Pat Aguilar , Jocelyn Pesquera , Maria Teresa Ceballos Rosell , Teddy Ouano , Jerone Castillo , Noel Wenceslao , Office Of The City Assessor , Corporation Code Of The Philippines , City Council , Philippine Stock Exchange , Real Estate Service Act Of The Philippines , Sanson Road , Cebu City Government , Real Property Tax , Local Finance Committee , Real Property Tax Code , Taxing Jurisdiction , Acting City Assessor Maria Teresa Ceballos Rosell , City Government , Market Values , Real Estate Service Act ,