Scputliha ng ffiLiyinaz
SAIIGGUNIAIIG PANLUNGSOD NG MARIKINA
ORDINANCE No. 008
Series of2019
ORDINANCE FIXING THE BASIC TAX RATE FOR ALL COMMERCIAL,
INDUSTRIAL AND SPECIAL CLASSES TO zoh
Introduced by:
Councilor MARIO M. DE LEON
Councilor JOSEPH B. BANZON
Councilor SERAFIN Y. BERNARDINO
Councilor LEANOR F. CARLOS
Councilor PAUL B. DAYAO
Councilor DONN CARLO B. FAVIS
Councilor RUBEN R. REYES
Councilor THADDEUS ANTONIO M. SANTOS, JR.
Councilor MANUEL E. SARMIENTO
Councilor JONAS MERVIN D. REYES
WHEREAS, since 1994, the basic tax rate imposed on real property tax was set at one
and one half percent (l % %) for all types of real property regardless of use;
WHEREAS, despite the Audit Observation Memorandum of the Commission on Audit
in 2010 which required the update of the tax code to address the deficiencies in the
revenue generation of the City, no amendment was made on the basic tax rate under the
Revised Revenue Code of 2015;
WHEREAS, unlike residential properties, commercial, industrial and special classes of
real properties are income generating assets which tax rates should be adjusted per
recommendation of the Commission on Audit to respond to the present financial and
economic development of the City;
WHEREAS, there is a need to fix the basic tax rate for commercial, industrial and
special classes of real property to conform with the Local Government Code, particularly
Section 233 thereof which states:
"A province or city or a municipality within the Metropolitan Manila Area
shall fix a unifurm rate of basic real property tax applicable to their
respective localities as follows:
o. In the case of province...
b. In the case of a City or a Municipality within the Metropolitan Manila
Area, at the rate not exceeding two percent (2%) of the assessed value
of real property."
NOW THEREFORE, BE IT ORDAINED, AS IT IS HERBBY ORDAINED by the
SANGGUNIANG PANLUNGSOD OF MARIKINA, in session duly assembled, that:
SECTION 1. The basis real property tax rate for commercial, industrial, and special
classes is hereby frxed at 2%o.
Ordinance No. 008
Series of 2019
Page 2 of
SECTION 2. All ordinances inconsistent herewith are hereby repealed or modified
accordingly.
SECTION 3. This Ordinance shall take effect beginning Calendar Year 2020.
UNANIMOUSLY ENACTED bY thE SANGGUNIANG PANLUNGSOD Of
MARIKINA, this 6th day of February,2Ol9.
I HEREBY CERTIFY to the correctness of the
foregoing Ordinance which was duly enacted by
the Sangguniang Panlungsod during its 5tn
Regular Session held at the City Council
Session Hall on February 6,2019.
NORALYNR. TINGCUNGCO
City Council Secretary
ATTESTED AND CERTIFIED
TO Y ENACTED:
FABIAN I. CADIZ, M.D.
Vice Mayor/Presiding Officer
AppRovED by the HoN. clry MAYoR "" APR 1 0 2019
7/7l*
MARCtsLINO R. TEODORO
City Mayor