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PIA Press Release
2010/02/13

Paracelis sees higher income from real property tax

by L. Lopez

Paracelis, Mt. Province (13 February) -- This town expects increased revenue from real property tax this year following tax mapping efforts it jointly implements with the provincial government.

Provincial Assessor Nicolas Kimakim said Paracelis can enjoy higher collection from newly assessed real property units (RPU) which increased to 2,045 from the previous 1,437.

But the figures could go up as tax mapping agents from the office vowed to complete the project in the pilot Barangay of Butigue in June this year, Kimakim said.

The project, according to Kimakim, is a continuing activity of the province targeted in seven towns of the province that have yet to complete their real property tax maps.

Of the 10 municipalities, only Bontoc, Bauko and Sadanga have reported complete real property tax maps. These are even recommended for further improvements considering certain factors like topography, Kimakim said.

Because of other similar factors, Kimakim said the project may proceed slowly but is optimistic that all all target areas will be covered.

We piloted one barangay as start in each municipality to draw support and cooperation from local leaders and the people themselves, Kimakim explained.

In the case of Paracelis, the municipal and provincial governments contributed counterparts in the cost of the project.The province allotted P150,000 for the project that started in 2009, covering the pilot barangay of Butigue.

A crucial part of the tax mapping project, Kimakim admitted is educating people why they should pay taxes especially on properties they own.

Kimakim said staff from their office assigned to the field reported how they take time in convincing real property owners that they should pay their obligations to the government as its source of income.

But in the case of Butigue, people were cooperative and this contributed to the smooth conduct of the tax mapping, giving hope for the team to complete the project in June, Kimakim said.

This he said is very significant since real property tax is one of the major sources of income among local government units. Tax mapping is the inventory of all real properties at a particular place, as basis for its real property tax collection.

Kimakim can not yet give an estimate of how much income can be derived from the additional RPUs in Butigue but said it is in significant rate.

Real property tax is computed at two percent of the property assessed value. 25 percent of the tax is retained to the barangay, 45% goes to the municipality, while 30% is remitted to the province. (PIA) [top]

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