Staggered Implementation of the Increase of Real Property Assessment

March 7, 1994 Republika ng Pilipinas Pamahalaang Bayan ng Pasig Kalakhang Maynila SANGGUNIANG BAYAN PASIG CITY ORDINANCE NO. 18-94 AN ORDINANCE PROVIDING FOR THE STAGGERED IMPLEMENTATION OF THE INCREASE OF REAL PROPERTY ASSESSMENT Introduced by: Councilor Remigio M. Medina WHEREAS, Section 219 of Republic Act 7160 otherwise known as the Local Government Code of 1991 provides that the Municipal Assessor shall undertake a general revision of real property assessment within two (2) years after the effectivity of the Local Government Code which is January 2, 1992; WHEREAS, in pursuance of the provision of Section 212 of the aforequoted law, the Municipal Assessor prepared the schedule of fair market values which served as the basis for the general revision of real property assessment. WHEREAS, inspite of the public hearings conducted, of the publication and information dissemination made, of the deliberations that transpired that led to the final enactment of these schedule of values, the taxpaying public was surprised and remained unaware of this general revision of real property assessment; WHEREAS, although the revised real property assessments are considered fair and reasonable considering the current prices of real estate and the fact that previous realty assessment were based on the 1981-1982 schedule of values, the taxpayers were surprisingly burdened by the abrupt increase in real property taxes; WHEREAS, there are several request and open public clamor to ease the tax burden of real property owners and administrators and the local administration led by Mayor Vicente P. Eusebio is comfortable to the staggered implementation of the increase in real property assessment; BE IT ORDAINED by the Sangguniang Bayan of Pasig, Metro Manila, in session assembled, that : SECTION 1. In order to cushion the effect of the increase in real property assessment arising from the general revision, the revised assessment shall be implemented in staggered basis for three (3) years period as follows: a. In CY 1994 a maximum forty percent (40%) of the increase in assessment over the 1993 real property assessment. b. In CY 1995 an additional twenty percent (20%) of the increase in assessment over the 1993 real property assessment. c. In CY 1996, the remaining forty percent (40%) of the increase in assessment or a one hundred percent (100%) implementation of the revised assessment. SECTION 2. The Office of the Municipal Assessor and the Municipal Treasurer shall be responsible for the implementation of this ordinance and shall be held accountable for the early dissemination of this measure. SECTION 3. This Ordinance shall take effect immediately upon approval. APPROVED this 7th day of March, 1994 at Pasig, Metro Manila. HON. RENATO G. LIPANA HON. REMIGIO M. MEDINA Councilor Councilor HON. CESAR SA. LACUNA HON BENJAMIN L. REYES Councilor Councilor HON. EMILIANO R. CARUNCHO, III HON. VIRGILIO I. DEL ROSARIO Councilor Councilor HON. ROMULO SA. JAVILLONAR, MD. HON. MARIE PAZ T. BAYLON Councilor Councilor HON. LORNA A. BERNARDO HON. FRANCISCO C. RIVERA, JR. Councilor Councilor HON. AIDA A. SALANDANAN, MD. HON SAMUEL A. AVIS Councilor SK President HON. ROLANDO C. SAMBELI ABC President HON. HENRY P. LANOT Councilor Majority Floor Leader (Acting Presiding Officer) Absent HON. FRANCISCO S. DE GUZMAN, JR. Vice-Mayor Presiding Officer APPROVED: HON. VICENTE P. EUSEBIO Municipal Mayor ATTESTED: ATTY. HERMENEGILDO C. CRUZ Secretary to the Sangguniang Bayan