City’s taxable real properties reach a whopping P10.973-B PDF Print E-mail
Tuesday, 21 January 2014 16:14

For the year 2013, Zamboanga City has recorded a taxable real property assessment of P10.97 Billion which is P891.8 million higher than the 2012 level of only P10.08 billion.

The amount translates to real property tax collectibles of P219.46 million in 2014.

These figures, which were reflected in the annual report of the City Assessor’s Office with Edwin Bernanrdo as department head, formed part of the Executive Summary for Mayor Beng Climaco’s first State of the City Report at the Sangguniang Panlungsod last week.

The biggest beneficiary of the real property tax is the education sector as 50% of it, amounting to P109.73 million, goes to the Special Education Fund (SEF) to finance the needs of local public schools, while the other 50% (same amount) is shared by the city government and the barangays on a 70%-30% basis, or P76.81 million and P32.92 million, respectively.

It was reported that during the stage of the Zamboanga siege last September, the City Assessor’s Office had facilitated the date gathering and provided vital maps and other cadastral information on the affected areas necessary for the recovery and rehabilitation of the city.

The said office likewise played a vital role in the phase-in process, a term for the return of the internally displaced persons (IDPs) to their respective areas, and in the identification of sites for their temporary and permanent resettlement.

Meanwhile, the City Accountant’s Office headed by Sylvia Binarao has adopted major changes in policies and procedures in line with its mandated functions, among others, in the preparation of monthly financial reports of the city government and the 98 barangays.

Pre-audit of disbursements and inspections of goods and materials delivered, and services rendered were conducted to ensure efficiency, economy and effectiveness in the operations of government. Such process is likewise intended to ensure that all transactions were in accordance with laws, regulations, and safeguarded against losses or wastages. — Vic Larato