CEBU CITY, Philippines—Expect the collection of real property tax in Cebu to intensify.
“All LGUs should rely on real property tax because businesses come and go but real property is there forever,” said Castillo. “The instructions of Mayor Labella is that we will not adjust the rates. We will not adjust the valuation. We will just have to identify the property owners and tax them properly,” Castillo said.
Castillo also urged the barangays through Councilor Franklin Ong to help in their collection efforts by identifying property owners.The barangays share in the 30 percent of total real property taxes collected the city, according to the local government code.
Source: Real Estate Daily Report (realestatedailyreport.net)
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