An Ordinance Amending Section 8 (a) of Quezon City Ordinance No. SP-91, S-93

March 15, 2005QUEZON CITY ORDINANCE NO. SP-1521-05PO2005-1224th Regular SessionAN ORDINANCE AMENDING SECTION 8 (a) OF QUEZON CITY ORDINANCE NO. SP-91, S-93, AS AMENDED, "THE QUEZON CITY REVENUE CODE OF 1993," SO AS TO ADJUST THE ASSESSMENT LEVELS FOR LANDS CLASSIFIED AS RESIDENTIAL AND COMMERCIAL, AS PROVIDED FOR UNDER SECTION 218 (a) OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE "LOCAL GOVERNMENT CODE OF 1991"Introduced by Councilors Antonio E. Inton, Jr., Restituto B. Malañgen, Ramon P. Medalla, Eric Z. Medina, Jorge B. Banal, Jr., Elizabeth A. Delarmente, Victor V. Ferrer, Jr., Rommel R. Abesamis, Joseph P. Juico, Winston "Winnie" T. Castelo, Aiko Melendez, Allan Butch T. Francisco, Edcel B. Lagman, Jr., Alma F. Montilla, Xyrus L. Lanot and Junie Marie L. Castelo.Sponsored by Coucilor Bayani V. Hipol.WHEREAS, Section 218 (a) of Republic Act No. 7160, otherwise known as the Local Government Code of 1991," authorizes cities to impose a maximum assessment levels of 20% for residential and 50% for commercial, as follows: "Section 218.      Assessment Levels. — The assessment levels to be applied to the...