Fixing of Annual Tax on Assessed Value of Real Estate of City of Manila for 1909
Act No. 1950, enacted on May 20, 1909, reduces the annual tax rate on the assessed value of real estate in Manila from two percent to one and one-half percent for the year 1909. The tax is to be paid in two installments: one percent by July 1, 1909, and the remaining half percent by December 31, 1909. This adjustment overrides previous provisions in Act No. 183. The Act takes effect immediately upon passage.
Law Information
- Reference Number
- Act No. 1950
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 20, 1909
ACT NO. 1950
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 NINE SHALL BE ONE AND ONE-HALF PER CENTUM THEREOF
SECTION 1. The annual tax 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 nine, 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 nine, and the remaining one-half per centum shall be payable on or before the thirty-first of December, nineteen hundred and nine.
SECTION 2. This Act shall take effect on its passage.
Enacted: May 20, 1909
Cite This Law
Fixing of Annual Tax on Assessed Value of Real Estate of City of Manila for 1909, Act No. 1950, May 20, 1909 (Philippines)
Fixing of Annual Tax on Assessed Value of Real Estate of City of Manila for 1909, Act No. 1950 (Phil. 1909)
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