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Thursday, April 25, 2024

QC grants amnesty for property taxes

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Quezon City Mayor Herbert Bautista has announced the grant of amnesty to real property owners from payment of interests, fines, surcharges and other penalties for delinquent real property taxes for taxable year 2018 and prior years.

He signed City Ordinance 2779 to give private lot owners burdened with accumulated unsettled paid business taxes and fees a tax reprieve.

Instead of the city losing income, the incentive serves as an alternative to encourage delinquent taxpayers to update their tax payment records, Bautista said.

“The effort shall eventually translate to an enhanced local tax collection and shall generate more funds to finance more projects and obligations,” he added.

The relief granted may be availed by the real property taxpayers starting Jan. 1 until Oct. 20.

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During the period, taxpayers may settle their delinquent taxes for taxable year 2018 and the previous years.

“It is only upon full payment of the delinquencies that the taxpayers are allowed to make full payment of their real property tax for the current year 2019,” the measure read.

The payment of delinquent real property taxes can be made in full or on installment basis within the due date.

The tax amnesty shall not apply to real properties that have already been auctioned or are currently being settled or paid under a compromise or similar arrangements, and to those with cases pending with the Quezon City Board of Assessment Appeal or in any regular courts of law, the mayor clarified.

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