Tag: Real Property Tax
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Iloilo City Considers Tax Breaks for Heritage Building Restoration
Iloilo City is exploring the possibility of offering enhanced tax incentives to owners of heritage buildings, particularly those along Calle Real, as part of a broader initiative to preserve the city’s historical architecture. Mayor Jerry Treñas has been in discussions with the city’s finance committee to extend real property tax incentives, aiming to provide owners…
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Cebu’s First-Class Municipalities Surge to 25 Thanks to New Tax Law
In a significant development for Cebu, the number of first-class municipalities has soared to 25, a sharp increase attributed to a groundbreaking real property tax law. Cebu Provincial Assessor Michelle Languido, who hoisted the Philippine flag during a recent flag-raising ceremony at the Capitol, announced this milestone. She noted that when she started her tenure…
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