The city government of Makati is set to auction real properties with delinquent tax payments totalling P1.7 billion.

makati 300x225 - Makati to auction delinquent propertiesThis came after delinquencies in real property and special education taxes reached P5.5 billion, according to the latest report on the city by the Commission on Audit.

The auction date will be finalized by the Office of the City Treasurer, Michael Camiña, city legal officer, said.

He reminded all concerned property owners to promptly settle their dues or lose their property altogether.

“We are calling on all property owners with delinquent real property tax payments to immediately settle your outstanding obligations with the city. We are definitely going to auction off properties that remain delinquent despite several notices to the owners, including public notices in the newspapers,” Camiña said.

The city official said delinquent properties “without restrictions” will be put up for auction.

Delinquent properties “with restrictions” cannot be auctioned off because of various impediments, such as legal disputes, government properties, and street lots. These include the Metro Rail
Transit with around P2 billion in outstanding tax obligation to the city. A case is still pending in court.

Under the local government code, the local government unit is authorized to auction delinquent properties in order to compel the entities to pay their tax obligations to the city.
Camiña said the city government has no other recourse but to auction off the properties before the year ends.

“We have waited long enough, and to postpone the auction any longer would be a disservice to the people of Makati, who stand to benefit from the substantial amount of additional revenue to be generated,” he said.

Camiña also reminded those who have bought properties in Makati to promptly register the transfer of ownership and update their tax declaration with the Assessment Department (Assessor’s Office).

He said the new property owner should take the initiative to put the records of ownership in order and fulfill his or her obligation to pay the correct real property tax amount on the due date. Otherwise, he said, the property will continue to incur penalties and the payable amount will balloon over time.


The post Makati to auction delinquent properties appeared first on The Manila Times Online.

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