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Real property tax rates in Cebu City has new model, pushed at City Council

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CEBU CITY, Philippines – The Cebu City government’s Local Finance Committee (LFC) has introduced to the council, on Thursday, July 6, 2023, a new model for updating real property tax (RPT) and business tax ra... CDNDigital

The new version came about five months after Mayor Michael Rama announced that he vetoed the City Ordinance No. 138-2022 that the legislative body passed in January 2023.

Asked of the salient revisions of their proposed model from the vetoed ordinance, Castillo said: “[There is] no need to compare. All proposals are submitted with a singular interest to secure the best interest of the city and its people.” Castillo said they were hoping that this would be among the priorities of the city council as they would convene in the coming weeks, and hoped that everything would be passed as proposed, saying that the upward adjustments were “reasonable.”

 

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