According to Michael Camiña, city spokesperson and legal department head,
- “Such an important decision requires in-depth study and thorough consultation with all the concerned stakeholders. Any adjustments in the FMV will affect tax rates and Mayor Abby would like to ensure that such adjustments, if and when [these are] implemented, will not prejudice the private sector and residents,” Camiña added.
- According to him, the city government has seen its highest revenue collection in years without raising tax rates.
Read the full article below. Credits to the author below as well =)
No real property tax hike this year, says Makati gov’t
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