THE Commission on Audit has urged the Quezon City government to update its real-estate property valuation after neglect to do so in the past 21 years, contrary to the three-year adjustment required by the Local Government Code of 1992.
State auditor V Rosa dela Cruz, in an Oct. 7 letter, reminded Mayor Herbert Bautista and city assessor Rodolfo Ordanes of their failure to upgrade their fair market values aside from the two general revision ordinances in 1995 for the cost land, buildings and structures, and in 2005 for adjustment in assessment levels.
Ordanes, in a reply to CoA, acknowledged the 1995 last revision of a tax hike. “For instance, a per square meter lot in Caloocan City is pegged at P55,600. Makati City is P80,000 per square meter, while Pasay City is P40,000. On the other hand, a (measly) P30,000 per square meter is being proposed,” he said.
