The additional discount on annual payment of real property tax (RPT) will greatly benefit senior citizens of Quezon City, majority of whom depend solely on their monthly pension which, in most cases, is not even enough to cover their daily needs, particularly medicines.
Councilor Allan Benedict Reyes is the main author of proposed Ordinance 20cc-175 that mandates the granting of additional 10 percent discount on the annual RPT payments of senior citizens that own residential lots in Quezon City.
To qualify for the tax discount, the residential property should be the senior citizen’s actual residence and that the senior citizen is registered with the Office of the Senior Citizen Affairs (OSCA) of Quezon City.
If the senior citizen has multiple properties, the 10 percent discount on RPT shall only apply to the one where he or she actually lives, according to the draft ordinance.
The same also goes for proposed Ordinance 20cc-176 that seeks to grant an additional five percent RPT discount to solo parents who are registered owners of residential properties as indicated in the real property tax declarations.
The city council came up with the proposed legislations after hearing the suggestions and opinions of the thousands of property owners who attended the 29 public consultations conducted in different barangays for proposed Ordinance Nr. 20cc-141.
“The said 500% increase will be on fair market value, not on the payments to be made by our citizenry. Yes, there will be an increase in the payments but not that extent. But the 500% increase is only to the property to the fare market value of each property,” Quezon City District III Councilor Allan Benedict Reyes.
The draft legislation of Quezon City government set the revised schedule of fair market values (FMV) of lands and basic construction cost for buildings in the city as mandated by Section 219 of Republic Act 7160 or the 1991 Local Government Code.
Reyes has earlier said, that the proposed ordinance will still undergo many revisions before it is finalized and approved by the council for possible implementation next year, barring any hitches.
Reyes led the public consultations in the barangays to discuss the proposed ordinance to the city residents and hear out and answer their concerns and suggestions.
“Ang mata-target pong revenue ay 700 million po pero wala po dito kung mag-a-avail pa po ng discounts at iba’t-ibang metigating measures na gagawin po ng city council para po gumaan po ang babayaran ng bawat isa,” Reyes said.
“Yung 2.5% po ng tax rates, ‘yung 1% dyan automatically sa special education fund mapupunta. So, that will be used to construct new school buildings all over the city and yung 1.5% na natiitra, 30% of which goes to the barangay and then the 70% will be to the general fund,” District I Councilor Alexis Herrera explained. — Bryan de Paz | UNTV News & Rescue