Families will no longer have to pay real property taxes for their land and structures valued at P300, 000 or less if the Cebu City Council approves the draft ordinance of Councilor Eugenio Gabuya Jr. that will allow the grant of an exemption for these properties. | CDN Digital File Photo
Gabuya’s draft measure, which he presented to the legislative body during their regular session on February 18, 2020, is now pending with the Council’s committee on laws and ordinances for review. The ordinance proposes tax exemption for residential structures that are jointly owned by a married couple of those that are owned by an unmarried head of the family or the “the dwelling house where they and their family reside and the land on which it is situated.”
A property valued at P500, 000, for example, will only be granted an exemption for its P300, 000 value. Corresponding tax value will already be computed for the remaining P200, 000.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labella: Cebu City should prepare for heavy SRP traffic once CCLEX opensCEBU CITY, Philippines — Traffic congestion is expected at the South Road Properties (SRP) once the Cebu-Cordova Link Expressway (CCLEX) will open on August 2021. Mayor Edgardo Labella said that this would be one of the things the city would have to plan ahead before the opening of the third Bridge. Once the bridge opens, […]
Source: cebudailynews - 🏆 8. / 71 Read more »
Cebu City mulls JVA with private company for underground wiring pipeline for telcosCEBU CITY, Philippines — The Cebu City government is working on a joint-venture agreement (JVA) with a private company that would build underground electrical connections for
Source: cebudailynews - 🏆 8. / 71 Read more »
Labella: Tricycles not a problem in Cebu CityCEBU CITY, Philippines — Tricycles are well monitored and are not major problems in Cebu City’s roads. Mayor Edgardo Labella said this on February 21, 2020 after the Department of Interior and Local Government (DILG) included tricycles as part of its directives for a 75-day deadline to clear roads and sidewalks. This means that tricycles […] Get rid of pedi cabs and walk, if you put proper sidewalks
Source: cebudailynews - 🏆 8. / 71 Read more »
Cebu City updates Tricycle Route Plan; opens three new routesThe Cebu City government has authorized the opening of three new tricycle routes for franchised units plying barangay roads.
Source: cebudailynews - 🏆 8. / 71 Read more »
P54.7 million ‘shabu’ seized in twin drug busts in CebuCEBU CITY, Philippines -- A total of P54.7 million worth of suspected shabu (crystal meth) weighing at least eight kilograms were seized during the separate buy-bust operations conducted in Cebu
Source: cebudailynews - 🏆 8. / 71 Read more »
JoyRide motorcycle hailing firm taps Motax to legalize habal-habal in CebuFilipino-owned motorcycle hailing taxi app JoyRide has forged a partnership with Motortaxi Cooperative (Motax), the only registered motorcycle taxi cooperative, which aims to legalize habal-habal
Source: cebudailynews - 🏆 8. / 71 Read more »