Cebu City Leads Real Property Tax Collection in RP
Byline: Mars W. Mosqueda Jr.
CEBU CITY -- With its collection of P571.7 million in real property taxes last year, Cebu City now has emerged topnotcher in real estate taxes collections among the first-class cities nationwide, the Bureau of Local Government Finance (BLGF) said.
In its letter to Cebu City Mayor Tomas Osmena, the BLFG announced that the city excelled in revenue collection from real properties, citing the mayor as "a steadfast leader" who is committed to the service that resulted to an excellent performance in tax collection.
The city collected P571.7 million in real property taxes last year, an increase of P190 million in its collection in 2005, making the city on top of the first-class cities nationwide in terms of real property tax collection.
In business tax collection, Cebu City collected P493.6 million, tailing Davao City who raked in P587.4 million business taxes last year. Next to Cebu City are the cities of Sta. Rosa, Batangas, Cagayan de Oro, Ormoc, Lapu-Lapu, Iloilo, Calamba, and Baguio.
In the collection of "locally-sourced income" or income derived from the implementation of ordinances, Cebu City remains the leader with P1.5 billion compared to Davao City 's P1.2 billion.
After Davao City, other first-class cities that have the highest locally-sourced income are Olongapo, Batangas, Calamba, Sta. …