Cebu City housing developers, owners protest steep rise in RPT

Pia Piquero 06/14/2024

CEBU CITY, Philippines – The proposal to revise real property tax (RPT) rates here is met with opposition from housing developers and property owners. Despite acknowledging the need for an update, stakeholders argue that the planned increase…

Rama wants RPT revision complete by March

Pia Piquero 02/27/2024

CEBU CITY, Philippines – Plans to revise the fair market value of properties in Cebu City, along with the adjustments in real property tax (RPT) calculations, should already be complete by March, Mayor Michael Rama said. Rama said…

Cebu City gov’t says RPT revision in compliance with law

Rashe Zoe Sophia Piquero 11/23/2023

CEBU CITY, Philippines – The revision of the real property tax (RPT) rates is mandated by law, which orders a revision after a definite period of time. So said Cebu City Councilor Noel Wenceslao, the chairman of…

Cebu City eyes increased RPT, international aid to fund P100B budget in 2024

Rashe Zoe Sophia Piquero 10/29/2023

CEBU CITY, Philippines – The Cebu City government needs a P100 billion budget to fund its operations in 2024.  The amount is double its budget for 2023. According to Atty. Jerone Castillo, half of the proposed budget…

Still no new model for updating real property tax rates in Cebu City

Wenilyn Sabalo 06/14/2023

CEBU CITY, Philippines — Four months after Cebu City Mayor Michael Rama vetoed City Ordinance No. 138-2022, which increases the real property tax (RPT) rate, the city’s executive department has yet to introduce a new model for…

Rama eyes May to introduce proposed amendments to Cebu City’s Real Property Tax Code 

Wenilyn B. Sabalo 02/25/2023

CEBU CITY, Philippines— Cebu City Mayor Michael Rama is set to introduce proposed ’amendments’ to the city’s Real Property (RPT) Tax Code on or before May 2023. “I do not have to highlight that in due time…

Rama seeks return of P50B budget proposal to Office of the Mayor

Wenilyn B. Sabalo 12/13/2022

CEBU CITY, Philippines — Cebu City Mayor Michael Rama said he will be asking for the return of his draft 2023 budget of P50 billion to the Office of the Mayor. Rama said he wanted to have…

Real property tax deadline moved to Jan. 15, business permit deadline may be moved to Feb.

Delta Dyrecka Letigio 01/01/2022

CEBU CITY, Philippines — The deadline for the payment of Real Property Tax (RPT) in Cebu City is moved to January 15, 2022.  City Treasurer Mare Vae Reyes announced that because of devastation of Typhoon Odette, Mayor…

Cebu City’s CTO chief: We can hit P1B RPT collection for 2018

Morexette Marie B. Erram 12/29/2018

THE Cebu City government is confident of hitting their target revenue-collection of P1 billion for the year from Real Property taxes. Arlene Rentuza, acting Cebu City Treasurer, said their records showed that as of November this year,…

Cebu City confident of hitting RPT target of P1B

Morexette Erram 12/29/2018

CEBU CITY, Philippines – The Cebu City Government is confident of hitting its 2018 revenue target of P1 billion from Real Property Taxes (RPT). Arlene Rentuza, acting Cebu City Treasurer, said that as of November this year,…

Equitable share

Editorial 11/30/2016

It is a legal opinion, but would Cebu City Mayor Tomas Osmeña heed the Department of Interior and Local Government (DILG) and order the issuance of certifications to barangays to facilitate the release of their share of…

NO STRINGS ATTACHED

Jose Santino S. Bunachita 11/27/2016

There should be no conditions attached to the release of the shares of the barangays in the real property taxes (RPT) of the Cebu City government, the Department of Interior and Local Government Central Visayas (DILG 7)…

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