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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, 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, 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…
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…
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…
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…
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…
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, 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,…
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…
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)…
Barangay officials in Cebu City have been asked to submit promissory notes stating that they will pay back the incentives they received from the city government last year which was disallowed by the Commission on Audit (COA).…
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