DAGUPAN CITY — Property owners of Dagupan City will have to brace for 25 to 30 percent hike in real property taxes (RPT) next year as the city is bent on enforcing its increase at the start of 2017.
Mayor Belen Fernandez said the last increase in RPT was 10 years ago or in 2006 although the law mandates that local government units are mandated to increase taxes on real properties every four years.
She said when she took over as mayor in 2013, she did not increase taxes but instead maximized tax collections which resulted in increased revenues for the city coffers that provided funds to some city programs and projects.
“I think this is no longer possible. We have already reached our peak in our tax collections,” said Fernandez.
She said her office will officially request the passage of the measure seeking to increase RPT and expressed hope that the Sangguniang Panlungsod (SP) will conduct public hearings within January and pass the measure right after.
Some city councilors already agreed to support the measure seeking to increase RPT, knowing that this is good for the city, she added.
The mayor said the increase in RPT is also needed in order to fund the increase in next year’s budget.
At the same time, she assured that Shoe Mart (SM) will definitely come to Dagupan City after its executives sat down with members of Dagupan City Investment and Development Board sometime in November this year.
SM, she said, will rise at the lot it acquired on M.H. del Pilar Street which was the former location of the terminal of the defunct Pantranco.
The lot is presently being utilized as holding area for passenger buses and vans which will have to move out beginning January when demolition of the old terminal starts.
The mayor said SM will be a big boon to the economy of the city since aside from providing additional taxes, it will also create jobs for unemployed Dagupan residents. Leonardo Micua/PNA-northboundasia.com