An Ordinance Amending the Updated Caloocan City Revenue Code of 2004 Incorporating Rationalized Adjustment of Rates Provided therefore and for Other Related Purposes

January 14, 2005CALOOCAN CITY ORDINANCE NO. 0388-05(PROPOSED ORDINANCE NO. 1071)AN ORDINANCE AMENDING THE UPDATED CALOOCAN CITY REVENUE CODE OF 2004 INCORPORATING RATIONALIZED ADJUSTMENT OF RATES PROVIDED THEREFORE AND FOR OTHER RELATED PURPOSESWHEREAS, the City government enacted late last year The Caloocan City Updated Revenue Code of 2004 replacing its 1992 Revenue Code; WHEREAS, in the initial implementation of the updated Revenue Code, many taxpayers submitted their complaints of the abrupt increase of new payments as compared to previous years; andWHEREAS, in order to soften the impact of the new Revenue Code, staggered implementation of the real property tax rates and downward adjustment of some of the fees and charges imposed therein must be adopted.NOW, THEREFORE, BE IT ORDAINED by the Sangguniang Panlungsod of Caloocan City pursuant to the provisions of the 1987 Philippine Constitution, Republic Act No. 7160 and other laws that:SECTION 1. Sec. 30 (Basic Tax on Real Property) of Ordinance No. 0386 s. 2004, the Updated Caloocan City Revenue Code of 2004, is hereby amended to read as follows:"SEC. 30. Basic Tax on...