Pasay City Real Property Tax Code

November 15, 1993PASAY ORDINANCE NO. 240-93 AN ORDINANCE ADOPTING THE PASAY CITY REAL PROPERTY TAX CODESponsored by:Vice-Mayor Wenceslao B. TrinidadCo-sponsored by:Councilors Florencio C. Mateo, Benjamin Reyes,  Romulo Cabrera, Roberto Alvarez, Uldarico  Arabia, Justo Justo, Antonio Protacio, Ernestina  B. Bernabe, Greg F. Alcera, Teodulo R. Lorca,  Salvador Quimpo & Generoso F. CunetaWHEREAS, Section 20 of Presidential Decree 464 as amended by Presidential Decree 1384 otherwise known as the Real Property Tax Code of the Philippines providing for the assessment levels to be applied to the current market value of real properties for taxation purposes;WHEREAS, the assessment levels so provided by Presidential Decree 464 as amended by Presidential Decree 1384 were amended by Republic Act 7160 otherwise known as the Local Government Code of 1991;WHEREAS, Section 218 of Republic Act 7160 provides that the assessment levels to be applied to the fair market value of real property to determine its assessed value shall be fixed by ordinance of the Sangguniang Panlungsod/Bayan within Metro Manila;WHEREAS, the same section already provides for the maximum applicable assessment levels that should...