By Jel Santos
The local government unit (LGU) of Makati City expects to raise P1.7 billion after auctioning off delinquent properties in the city.
Jesusa Cuneta, Makati City treasurer, said the proceeds of the auction will further raise revenue collections of the city, particularly from real property tax (RPT) which already exceeded the full-year target of P4.7 billion as of end-July.
“The auction is expected to generate a substantial amount of revenue that will put the city way above its target for real property tax, as well as the total target for the year. Nevertheless, we continue to exert effort to notify concerned real property owners of the impending public auction,” she said.
Several notices were issued to the owners, including public notices published in newspapers.
The Makati LGU said it had attained 83 percent of its full-year revenue target of P17.1 billion with its total collections reaching P14.2 billion as of July 31. Of this figure, P4.8 billion came from real property tax.
The delinquent properties set for auction, Cuneta said, are those “without restrictions” and are listed on the Notice of Real Property Tax Delinquency published recently in a newspaper of general circulation in compliance with Section 254 of the Local Government Code (Republic Act 7160).
The Realty Tax Division said the city has published notices for around 3,962 delinquent taxpayers in the newspapers since 2018.
“We wish to remind all concerned property owners to immediately settle their dues to avoid losing their properties. They have been given several notices through mail and public announcements in the newspapers. If they still fail to take action, we will have no recourse but to auction off their properties,” said Cuneta.
Meanwhile, she reminded new owners of real property in the city to prioritize the updating of official records, including the registration of the transfer of ownership and updating of the tax declaration with the Assessment Department (Assessor’s Office) at the 2nd floor of Makati City Hall.
“We urge new real property owners in the city to put their records with City Hall in order, so that they will be able to receive official notices and pay the correct taxes on time. Otherwise, they will incur penalties that could have been easily avoided, and worse, they risk losing their investments altogether,” the chief of the Makati City Treasurer’s Office said.
Records of the Assessment Department and the City Treasurer’s Office revealed that the notice of delinquency published recently includes 1,671 delinquent properties in 30 barangays of the city to date. Among the barangays with delinquent properties are Bangkal with 21 delinquent properties; Bel-Air, 151; Carmona, eight; Dasmariñas, 19; Cembo, 82; South Cembo, 21; Comembo, 49; Pembo, 22; Pitogo, 49; East Rembo, 56; West Rembo, 18.
Also, Guadalupe Nuevo with 94; Guadalupe Viejo, 51; Kasilawan, 21; La Paz, 92; Magallanes, 19; Olympia, 28; Palanan, 85; Pinagkaisahan, 20; Pio del Pilar, 166; Poblacion, 137; San Antonio, 18; San Isidro, 90; San Lorenzo, 88; Singkamas, 21; Sta. Cruz, 23; Tejeros, 87; Urdaneta, 19; Valenzuela, 20; and Rizal, 96.
At any time before the seizure of the personal property, payment of the realty tax inclusive of surcharges, interests and penalties may be made, the City Treasurer’s Office said. “These include a two percent monthly interest on the unpaid amount or a fraction thereof, until the outstanding tax has been fully paid.”
Under the Local Government Code, the title of the property sold at a public auction will be vested in the purchaser, subject, but, to the right of the owner of the delinquent property or any person having legal interest to redeem the property within one year from the date of sale.
The LGU said concerned entities may visit the Makati City Treasurer’s Office located at the 3rd floor of the Makati City Hall Main Building.