Monday, March 10, 2014

Dismayed stockholders in Boracay and Malay, calls for another public hearing on Base Market Values

Written by Gloria Villas

“So that many would know, transfer the venue.”

This is what the stockholders from the island of Boracay and Malay is calling for in line with the General Revision of Schedule of Base Market Value for residential, industrial, and commercial lands in the province.

On the public hearing of the Sangguniang Panlalawigan (SP) Aklan, it was said that the letter to the stockholders asked for a 50 percent attendance for the said meeting, but this did not happen.

The stockholders reasoned out saying that it would be better to transfer the venue in Malay or Boracay, because aside from saving time, it would also lessen the expenses of those who will attend.

Meanwhile, it was learned that the SP Aklan is now discussing if there should be another public hearing on Base Market Value for Malay and Boracay and when it should be conducted.

The said public hearing is set in different towns in Aklan to hear out the tax payer’s opinions on the passage of the new ordinance on tax payment.

The SP Aklan, on the other hand, reiterates that the creation of the General Revision is based on the law that states, that every 8 to 10 years, there should be a revision on the Base Market Values of Real Properties.

Translated by Shelah Casiano

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