PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .
.
.

[ Paranaque ] Mayor pushes property tax increase

December 12, 2008 05:45 PM Friday
By: Alvin Murcia
[ journal.com.ph ]



DESPITE flaks, Parañaque Mayor Florencio Bernabe is determined to raise real property taxes in order to collect enough funds that will be used in the development of the city.

Bernabe said, almost 16 years have passed since the city government last revisited, reviewed and adjusted its property tax structure.

He said, it was 1992 when the local government adjusted its real property tax, which showed the slow rate of economic progress and infrastructure development in the city, compared to its immediate neighbors like the Muntinlupa and Taguig.

Muntinlupa and Taguig has been at the forefront of infrastructure and economic development, leaving Parañaque behind by a mile.

“If you want to see a city, your city to move forward where basic services are promptly delivered…you have to share the burden by accepting the long-drawn adjustment to our present property tax structure,” the mayor stressed.

Bernabe wanted to muster enough support to the proposed City Ordinance No.64-2008, which would adopt 400 to 1,000 percent increase in the fair market value of real property in Parañaque.

The mayor went on a month-long leave in November when public hearings on the matter begun. Several residents were angered by his “disappearing act.”
______________________________________________________________

real estate central philippines
Copyright ©2008-2017