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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