Release of Real Property Tax Shares of Component Barangays of Taguig City

March 9, 2011 BLGF MEMORANDUM FOR : The Honorable Secretary Cesar V. Purisima THRU : Undersecretary Gil S. Beltran Domestic Finance Group SUBJECT : Release of Real Property Tax Shares of Component Barangays of Taguig City In reference to the Honorable Secretary's instruction on the above subject, it is hereby informed that the undersigned immediately called the attention of the OIC-City Treasurer of Taguig, Atty. Marianito D. Miranda thru telephone and thereafter, issued the letter dated March 8, 2011, instructing him to observe and comply with the regular release of RPT shares of the component barangays of said city pursuant to the provisions of R.A. No. 7160 or the Local Government Code of 1991, copy herewith attached. Rest assured that subsequent follow-up on the matter shall be made to ensure compliance by Atty. Miranda. (SGD.) MA. PRESENTACION R. MONTESA, CESO III Executive Director ATTACHMENT Republic of the Philippines Bureau of Local Government Finance Department of Finance 8th Floor EDPC Building, Bangko Sentral ng Pilipinas Complex Roxas Boulevard, Manila 1004 * Telefax Nos. 527-2780/527-2790 E-mail: [emailprotected] March 8, 2011 Atty. Marianito D. Miranda ICO-City Treasurer Taguig City, Metro Manila Sir: Reports have been received that several barangay units of that city are not egularly released their shares from the real property tax proceeds pursuant to the provisions of Section 271 of RA No. 7160, otherwise known as the Local Government Code of 1991, as follows: AECDHS "SEC. 271. Distribution of Proceeds . The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, lease or disposition, sale or redemption of property acquired at public auction in accordance with the provisions of this Title by the province or city or a municipality within the Metropolitan Manila Area shall be distributed as follows: (a) In the case of provinces: (1) Province Thirty-five percent (35%) shall accrue to the general fund; (2) Municipality Forty percent (40%) to the general fund of the municipality where the property is located; and (3) Barangay Twenty-five percent (25%) shall accrue to the barangay where the property is located (b) In the case of cities : (1) City Seventy percent (70%) shall accrue to the general fund of the city; and (2) Barangay Thirty percent (30%) shall be distributed among the component barangays of the city where the property is located in the following manner : (i) Fifty percent (50%) shall accrue to the barangay where the property is located; (ii) Fifty percent (50%) shall accrue equally to all component barangays of the city ; (c) In the case of municipality within the Metropolitan Manila Area: (1) Metropolitan Manila Authority Thirty-five percent (35%) shall accrue to the general fund of the Authority; (2) Municipality Thirty-five percent (35%) shall accrue to the general fund of the municipality where the property is located; (3) Barangays Thirty percent (30%) shall be distributed among the component barangays where the property is located in the following manner; DEIHAa (i) Filly percent (50%) shall accrue to the barangay where the property is located; and (ii) Fifty percent (50%) shall accrue equally to all component barangays of the municipality. (d) The share of each barangay shall be released, without need of any further action, directly to the barangay treasurer on a quarterly basis within five (5) days after the end of each quarter and shall not be subject to any lien or holdback for whatever impose ." In view thereof, you are hereby directed to observe and comply with the foregoing provisions of the Local Government Code of 1991, and immediately report to this Bureau the action taken on the matter. Very truly yours, (SGD.) MA. PRESENTACION R. MONTESA, CESO III Executive Director