An Ordinance Amending Assessment Levels to be Applied to the Fair Market Value of Real Property to Determine Its Assessed Value for Tax Purpose: Particularly Section 133 (B) and 3 Article II of the Muntinlupa Revenue Code

July 16, 2012 MUNTINLUPA CITY ORDINANCE NO. 082-12 AN ORDINANCE AMENDING THE ASSESSMENT LEVELS TO BE APPLIED TO THE FAIR MARKET VALUE OF REAL PROPERTY TO DETERMINE ITS ASSESSED VALUE FOR TAX PURPOSE: PARTICULARLY SECTION 133 (B) AND 3 ARTICLE II OF THE MUNTINLUPA REVENUE CODE Sponsored by: Hon. Coun. Luvi P. Constantino Co-Sponsored: Hon. Coun. Atty. Raul R. Corro; Hon. Coun. Bal Niefes; Hon. Coun. Alexander B. Diaz; Hon. Coun. Ringo A. Teves; Hon. Coun. Dan Hubert A. Barlis; Hon. Coun. Robert A. Abas; Hon. Coun. Engr. Neptali S. Santiago; Hon. Coun. Joselito V. Arevalo; Hon. Coun. Elmer S. Espeleta; Hon. Coun. Rafael T. Sevilla; Hon. Coun. Vergel C. Ulanday WHEREAS , Section 129 of Republic Act 7160, otherwise known as the New Local Government Code of 1991 and Section 5, Article X of the 1987 Philippine Constitution, state and declare, "that each local government units shall have the power to create its own sources of revenues and to levy taxes, fees and charges, subject to such limitations and guidelines as the Congress may provide consistent with the basic policy of local autonomy" ; WHEREAS , on December 1, 2005 the 4th Sangguniang Panlungsod approved Ordinance No. 05-072, "amending the assessment levels stipulated under Section 133 (b) (3) of Ordinance No. 93-35, otherwise known as the Muntinlupa Revenue Code"; WHEREAS , there is a need to update the assessment levels to be applied to the fair market value of real property to determine its assessed value prescribed in Ordinance No. 93-35, otherwise known as the Revenue Code of Muntinlupa City" since its passage and approval by the Sangguniang Panlungsod of Muntinlupa in 1993; WHEREAS , there is a need to amend and update some of the prescribed rates in the Muntinlupa Revenue Code to augment the demands of the City's continuing growth and progress; WHEREAS , the rates prescribed under Ordinance No. 93-35 are very much lower compared to the rates set by neighboring cities in Metro Manila; NOW THEREFORE BE IT ORDAINED, AS IT IS HEREBY ORDAINED ,by the 6th Sangguniang Panlungsod of Muntinlupa in session assembled that: SECTION 1. This ordinance amends the assessment levels to be applied to the fair market value of real property to determine its assessed value for tax purpose: particularly section 133 (b) 1 and 3 of Article II of the Muntinlupa Revenue Code. Title V, Article II, Section 133 (b) (1) and (3) of Ordinance No. 93-35 is hereby amended and shall now be read as follows: aScITE TITLE II REAL PROPERTY TAXES ARTICLE II APPRAISAL AND ASSESSMENT OF REAL PROPERTY Section 133. Assessment Levels . The assessment levels to be applied to the fair market value of real property to determine its assessed value is hereby fixed at the following rates: (b) One Building and other Structures: (1) Residential Fair Market Value OVER NOT OVER ASSESSMENT LEVEL 175,000.00 0% 175,000.00 300,000.00 10% 300,000.00 450,000.00 15% 450,000.00 600,000.00 20% 600,000.00 800,000.00 25% 800,000.00 2,000,000.00 30% 2,000,000.00 5,000,000.00 35% 5,000,000.00 8,000,000.00 40% 8,000,000.00 10,000,000.00 50% 10,000,000.00 60% (2) x x x (3) Commercial/Industrial OVER NOT OVER ASSESSMENT LEVEL 300,000.00 30% 300,000.00 500,000.00 35% 500,000.00 750,000.00 40% 750,000.00 2,000,000.00 50% 2,000,000.00 5,000,000.00 55% 5,000,000.00 8,000,000.00 60% 8,000,000.00 10,000,000.00 65% 10,000,000.00 70% SECTION 2. Repealing Clause . All ordinances or part or parts thereof which are inconsistent with any of the provisions of this ordinance are hereby repealed or modified accordingly. SECTION 3. Separability Clause . If for any reason/s, any section or provision of this Ordinance shall be held to be unconstitutional or invalid, other sections or provisions hereof which are not affected thereby shall continue to be in full force and effect. SECTION 4. Publication . This ordinance shall be published once (1) in a newspaper of general circulation. SECTION 5. Effectivity Clause . This ordinance shall take effect ten (10) days of publication in a local or general circulation. ENACTED ,by the 6th Sangguniang Panlungsod of Muntinlupa this 16th day of July, 2012 ,on its 84th Regular Session . CONCURRED: DISTRICT I: (SGD.) COUN. ATTY. RAUL R. CORRO Member (SGD.) COUN. BAL NIEFES Member (SGD.) COUN. ALEXANDER B. DIAZ Member (SGD.) COUN. DAN HUBERT A. BARLIS Member (SGD.) COUN. RINGO A. TEVES Member DISTRICT II: (SGD.) COUN. LUVI P. CONSTANTINO Member (SGD.) COUN. ROBERT A. ABAS Member (SGD.) COUN. ENGR. NEPTALI. S. SANTIAGO Member (SGD.) COUN. JOSELITO V. AREVALO Member (SGD.) COUN. ELMER S. ESPELETA Member (SGD.) COUN. RAFAEL T. SEVILLA Member (SGD.) COUN. VERGEL C. ULANDAY Member ABSENT: COUN. ATTY. PATRICIO L. BONCAYAO, JR. Member COUN. MARGARITA AMYTHYST PATDU-LABIOS, MD Member COUN. ALLEN F. AMPAYA Member COUN. ROBERT P. BAES Member COUN. ADORADO P. SAN PEDRO Sectoral Representative President Association of Barangay Captains COUN. EULOGIO DS. DIOKO, II Sectoral Representative President Federation of Sangguniang Kabataan I HEREBY CERTIFY ,as to the correctness of the foregoing Ordinance. (SGD.) CECILIA C. LAZARTE Secretary ATTESTED: (SGD.) ARTEMIO A. SIMUNDAC City Vice-Mayor/Presiding Officer APPROVED: (SGD.) ALDRIN L. SAN PEDRO City Mayor Date: July 23, 2012