Real property tax delinquencies in Muntinlupa City reaching P2.931 billion have alarmed the Commission on Audit , prompting it to call for the immediate implementation of remedial measures to address the problem.
The city government under Mayor Jaime Fresnedi also won praises from COA in its 2019 annual audit report that may have neutralized several adverse audit observations. However, the state audit agency lamented the failure of the city government to reduce the realty tax delinquency total of P2.931 billion.
“However, the balance of receivables for RPT at the beginning of the year amounting to P1,155,467,846.06 plus the recorded receivables during the year of P1,382,286,828.08 or a total of P2,537,754,674.14 showed that the actual collection of P1,106,916,432.63 is only 43.62 percent of the total receivables,” the audit report revealed.
Source: Real Estate Daily Report (realestatedailyreport.net)
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