TACLOBAN CITY- Some 36,312 real properties in this city will be reassessed of its value by the city government according to local laws and the Bureau of Local Government Finance Memorandum Circular No. 111-2013.
The City Assessor’s Office (CAO) has reported that it started the reassessment of real properties in this city last September 10.
Engineer Danilo Demillo, CAO officer-in-charge, in an interview over ‘Sumat Tacloban’, the radio program of the City Information Office, said that the real property inventory operation started last Sept.9.
Demillo said that the city will begin reassessing the property values of 36,312 residential real properties; that includes 32,925 residential units, 3,340 business units, and 47 industrial buildings.
The last time the office conducted a reassessment of properties in the city was in 2016.
The field assessments are expected to be completed in six months.
The official clarified that the real property assessment is performed to verify and determine as to whether or not all real properties in the City are properly listed in the assessment roll, eliminate from the records taxable properties which have been destroyed or incurred a permanent loss of value, and purge the rolls of double assessment entries.
This is to ensure that property owners pay the accurate portion of property taxes to the City Government, he added.
Two teams have been assigned to assess in coordination with barangay officials.