Act No. 2079, enacted on November 17, 1911, establishes a reduced annual tax rate of one and one-half percent on the assessed value of real estate in the City of Manila for the year 1912. This rate is a decrease from the previous two percent rate, overriding any conflicting provisions in existing legislation. Tax payments are to be made in two installments: one percent by July 1, 1912, and the remaining half percent by December 31, 1912.
November 17, 1911
ACT NO. 2079
AN ACT PROVIDING THAT THE ANNUAL TAX ON THE ASSESSED VALUE OF THE REAL ESTATE OF THE CITY OF MANILA FOR THE YEAR NINETEEN HUNDRED AND TWELVE SHALL BE ONE AND ONE-HALF PER CENTUM THEREOF
SECTION 1. The annual tax rate on the assessed value of all the real estate of the city of Manila subject to taxation shall be, for the year nineteen hundred and twelve, one and one-half per centum thereof instead of two per centum thereof, anything contained in section forty-seven of Act Numbered One hundred and eighty-three, as amended, to the contrary notwithstanding: Provided, However, That one per centum of the assessed value of all the said real estate shall be payable on or before the first day of July, nineteen hundred and twelve, and the remaining one-half per centum shall be payable on or before the thirty-first day of December, Nineteen Hundred and Twelve.
Enacted: November 17, 1911