An Ordinance Amending Certain Sections of Ordinance No. 484, S-2011 Pertaining to Real Properties in the City of Mandaluyong

September 17, 2014MANDALUYONG CITY ORDINANCE NO. 553-14AN ORDINANCE AMENDING CERTAIN SECTIONS OF ORDINANCE NO. 484, S-2011 PERTAINING TO REAL PROPERTIES IN THE CITY OF MANDALUYONGBE IT ENACTED by the Sangguniang Panlungsod ng Mandaluyong, in session assembled:SECTION 1. Sections 12, 25 and 26 of Ordinance No. 484, S-2011 are hereby amended as follows: SECTION 12. ADDITIONAL AD VALOREM TAX ON IDLE LANDS. — The City Government of Mandaluyong may levy an annual tax on idle lands at the rate not exceeding five (5%) percent of the assessed value of the property which shall be in addition to the basic real property tax.SECTION 25. REDEMPTION OF PROPERTY SOLD. — Within one (1) year from the date of sale, the owner of the delinquent real property or person having legal interest therein, or his representative, shall have the right to redeem the property upon payment to the local treasurer of the amount of the delinquent tax, including the interest due thereon, and the expenses of sale from the date of delinquency to the date of sale, plus interest...