Friday, February 21, 2014

Property owners in Aklan, to pay higher taxes by 2015

Written by Gloria Villas

By the 2015, taxes to be paid by property owners will be higher in the province of Aklan especially in the island of Boracay.

According Provincial Council Secretary, Odon Bandiola, the Aklan Provincial Government is making a general revision of the Base Market Values of all real properties in the whole province.

This is because it is stated in the law that every eight to ten years there should be a revision on Base Market Values of land, commercial, industrial, agricultural and residential.

Bandiola also said that the island of Boracay can be considered exceptional that is why there is something called Special Base Valuation.

Meanwhile, it was learned that based on the proposal of the Provincial Assessor, the new Base Market Value consists of 100 up to 200 percent for commercial, residential and industrial.

In the island of Boracay, the increase will be 90 percent up to 400 percent depending on the type of property.

The council admitted that many will ask questions and will complain on the Base Market Values that is why a Public Hearing was set for February 27 to February 28 and March 6, 2014.

The Public Hearing for Boracay and Malay was set on March 6, 2014 at 9 o’clock in the morning at the Provincial Council Session Hall at the town of Kalibo.

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