CITY GOVERNMENT

OF PUERTO PRINCESA

REVENUE
GENERATION
PROGRAM

CITY TREASURERS OFFICE

AND
CITY ASSESSORS OFFICE

What is Real Property ?

For taxation purposes:
Real Property

is generally consist of Land, buildings,

fixtures and all improvements affixed to the
land.

Real Property Tax is a major source of revenue for local

government and is considered the
backbone of local government finance.
It represents more than 30% percent of the total
Income generated by local governments from
taxes, fees, charges and other sources, which are
used to finance their operating expenses and
various developmental programs.

Tax Declaration and Notice of Assessment

Tax Declaration is one of the principal and
vital records that is prepared and
kept by assessors in connection
with real property tax assessment.
Notice of Assessment is an important
document in real property taxation which
is provided for by law to be the means by
which assessors could officially inform the
property owner the assessment of their
property.

KEY OFFICE
The revenue generation and collection function of LGU
of PPCity is carried out primarily by the Assessors
Office, Business Permits and License Office (BPLO) and
Treasurers Office.

OFFICE

FUNCTION

City Assessors Office

In-charge of the discovery, classification, appraisal, assessment and

evaluation of real properties within the LGUs territorial jurisdiction
which

BPLO

In-charge of assessing
taxes, fees, and charges and
issuing business permit and
licenses.

Treasurer
s Office

In-charge of collection of
revenues assessed by the
Assessors Office and BPLO
and all miscellaneous
revenues.

GOVERNING LAWS, RULES AND

REGULATIONS

Sect.
he revenue generation power of
the130
LGUs is primarily governed by the
ollowing laws and regulations:

Provides, among others, the LGUs

power to create sources of revenue
Sect. 134and the fundamental principles
152
governing the exercise of such
power.
Sect. 191

Local Govt
Code of
1991

Fundamental principles
governing the
exercise of the taxing and other revenueraising powers of the LGUs
Scope of the LGUs
powers

taxing

Sect. 198

Sect. 212

Local Govt
Code of
1991

Sect. 217218

Sect. 219

Sect. 236237
Sect. 246260
Fundamental principles in the
appraisal, assessment, levy and

LGUs
Revenue
Code/Tax
Ordinances

Compilation of the
respective LGUs current
revenue regulations. ORD.
56, ORD. 397, ORD. 501 and
others.

Local
Assessment
Manual

Provides a uniform system

of real property appraisal
and assessment for taxation
purposes.

Formula in Computing
Real Property Tax due
FMV

x AL

AV

x Tax Rate

AV

= RPT

DUE
Where :
FMV = Fair Market Value
AL = Assessment Level
AV = Assessed Value

SOURCES OF INCOME FOR

LOCAL GOVERNMENT UNITS
I. LOCAL SOURCES
a) Real Property Taxes
b) Business Taxes
c) Non-tax Revenues

II. EXTERNAL SOURCES

a) Internal Revenue Allotment
b) National Aids
c) National Wealth

III. BORROWINGS

THANK YOU .