The Victorias City Treasurer’s Office, headed by Ma. Rosie Lyn Gustilo launched its Real Property Tax Education Campaign with a tax forum at Brgy. I Covered Court last Sept. 11.
Gustilo, the City Treasurer and resource speaker, shared that the levying of real property taxes by the Local Government Unit of Victorias is based on Republic Act No. 7160, also known as the Local Government Code of 1991. The real property tax is a tax paid annually or quarterly based on the value of the owned properties which are classified as residential, agricultural, commercial, industrial, mineral, timberland, or special.
She also shared the importance of knowing how to compute tax by knowing the property’s fair market value, assessed value, and tax rates which are all cited under Article 6 Section 218 of the same act.
The participants were also informed that one percent (1%) of the basic tax is shared by the City (70%) and the Barangay (30%). The 70% share of the City is utilized for various programs and projects like road improvements, fencing, electrification, medical, and burial assistance from CSWD, Agricultural Assistance, Environment Protection, Health Program Services, and for the City Scholarship Program which started in the year 2011.
The Local School Board receives the full share of the 1% special education tax which is used for the construction of schools and procurement of education and learning module materials.
The City of Victorias provides incentives to taxpayers who are prompt with their payment. A 10% discount is given to those who pay on time quarterly, 20% discount for those who pay in full before their due, and an entry to the yearly “Pagbayad sang Land Tax mo, Bahin sang aton pag ASENSO!” Raffle Bonanza. Delinquent taxpayers are also granted tax relief through paying their real property tax by installment without additional penalties, interest, and surcharges through the City Ordinance No. 2021-02 which, additionally, forestalls public auction of delinquent real properties.
Guest speaker and City Assessor Mercedita Acuyong also took time to educate the participants on the one-by-one assessment process of owned properties to determine the unit base value.
The forum concluded with a raffle draw giving away six 25kg sacks of rice and sanitation kits containing 1 box face mask and alcohol.
The City Treasurer’s Office Land Tax Section took the initiative to spearhead this campaign in order to promote responsible tax-paying practices and to encourage the effective administration of tax revenues and good public financial management.