Amendment to Section 40 (Basic Ad Valorem on Real Property) of the Navotas Revenue Code of 1992

October 15, 2001 NAVOTAS PAMBAYANG ORDINANSA BLG. 007-01 AN ORDINANCE AMENDING SECTION 40 OF PAMBAYANG ORDINANSA BLG. 9 2-12 OR NAVOTAS REVE NUE CODE OF 1992, THE BASIC AD VALOREM ON REAL PROPERTY SAPAGKAT, ang Saligang Batas ay nagbibigay kapangyarihan sa Pamahalaang Lokal na magpataw at maningil ng mga buwis bilang dagdag ng kabang-yaman ng gobyernong bayan; SAPAGKAT, ang Kodigo ng Pamahalaang Lokal ng 1991 ay nagpapahintulot magpataw ng kaukulang buwis sa buong nasasakupan na naaayon sa nasabing Kodigo na gaya ng 'taxes, fees at charges' na bilang bahagi ng kabang-yaman ng pamahalaang lokal. SAPAGKAT, ang Navotas Revenue Code o Pambayang Ordinansa Blg. 92-12 na naipasa at naging epektibo noong 1992 ay hindi na naangkop sa kasalukuyang panahon partikular ang probisyon ng seksiyon 40. SAPAGKAT, ang pag-aamyenda sa Seksiyon 40 ng Navotas Revenue Code o Pambayang Ordinansa Blg. 92-12 ay naglalayong palawigin/pasiglahin ang kabang-yaman at sa pamamagitan nito ang epektibong pagbibigay serbisyo sa mamamayan ng Navotas. DAHIL DITO, ang Sangguniang Bayan ng Navotas ay nagsasabatas sa mga sumusunod: SECTION 1. Title. An amendment of Section 40 of the Navotas Revenue Code of 1992 or Pambayang Ordinansa Blg. 92-12, the Ad Valorem Tax on Real Property. SECTION 2. Definition of Terms. terms/words used in this ordinance shall mean in the following: 2a. AD VALOREM TAX are taxes being imposed in all kinds of real properties determined in its current and fair market value. 2b. BUILDING any constructed tenement above the surface of the ground. 2c. COMMERCIAL LAND land devoted principally for profit and is not classified as agricultural, industrial, mineral, timber or residential. 2d. FAIR MARKET VALUE is the price at which a property may be sold by a seller who is not compelled to sell and bought by a buyer who is not compelled to buy. 2e. INDUSTRIAL LAND land devoted principally to industrial activity as capital investment and is not classified as agricultural, commercial, timber, mineral or residential land. 2f. LAND part of the earth, which is the surface of the ground. AScTaD 2g. MACHINERIES refers to all mechanical contrivance, instruments appliances, apparatus, which may or may not be attached permanently or temporarily to the real property. SECTION 3. Coverage. That this amendment covers all kinds of real properties such as land, buildings, machineries and other improvements that are classified as commercial and industrial in nature. SECTION 4. That the amendments being imposed in this ordinance applied to all the properties mentioned in the next preceding section shall be in the following manner: CLASS OF PROPERTY RATE OF LEVY OLD NEW 1. Commercial 1.5% 2% 2. Industrial 1.5% 2% SECTION 5. That the increase of one half (1/2) percent of Ad Valorem Tax of all Commercial and Industrial kinds of Real Properties is allow and in accordance with the imposition made under the Local Government Code. SECTION 6. Any provisions of the Navotas Revenue Code for Pambayang Ordinansa Blg. 92-12 that are inconsistent with this ordinance are hereby repealed or amended accordingly. SECTION 7. That this Ordinance after its approval by the Sangguniang Bayan, signed by the Municipal Mayor and published in a newspaper of general publication shall take effect at the start of Calendar Year 2002. Ginawa ngayong ika-15 ng Oktubre, 2001 sa panahon ng pangkaraniwang pulong ng Sangguniang Bayan ng Navotas, Kalakhang Maynila. PINAGTIBAY: (SGD.) ARNEL S. LUPISAN Konsehal (SGD.) JOSE RONNIE I. SALVADOR Konsehal (SGD.) CESAR P. SANTOS Konsehal GERARDO A. PLAMENCO Konsehal (SGD.) ERLINDA S. RAMIREZ Konsehal (SGD.) ALFREDO R. PEA Konsehal (SGD.) GERARDO T. SANTIAGO Konsehal (SGD.) ROMEO C. GINOGINO Konsehal (SGD.) ALFREDO N. LIZAN Konsehal (SGD.) EDUARDO M. CHU Konsehal (SGD.) EDGARDO S. SANTIAGO Konsehal (SGD.) PERFECTO C. CRUZ, JR. Konsehal REYNALDO DL. TAN Konsehal (SGD.) JENNIFER G. VERGARA-SERRANO Konsehal Pinatutunayan ko ang katumpakan na nakasaad sa Pambayang Ordinansang ito. (SGD.) MARLON S. SERRANO Kalihim Sangguniang Bayan PINATOTOHANAN AT PINATUTUNAYANG PINAGTIBAY: (SGD.) LUTGARDO V. CRUZ Pangalawang Punong Bayan Tagapangulo, Sangguniang Bayan PINAGTIBAY ngayong ika-26 ng Oktubre, 2001 (SGD.) TOBIAS M. TIANGCO Punong Bayan