Thursday, September 6, 2012
Section 240 of R A 7160
SEC. 240. Special Levy by Local Government Units. - A province, city or municipality may impose a special levy on the lands comprised within its territorial jurisdiction specially benefited by public works projects or improvements funded by the local government unit concerned: Provided, however, That the special levy shall not exceed sixty percent (60%) of the actual cost of such projects and improvements, including the costs of acquiring land and such other real property in connection therewith: Provided, further, That the special levy shall not apply to lands exempt from basic real property tax and the remainder of the land portions of which have been donated to the local government unit concerned for the construction of such projects or improvements.
Subscribe to:
Post Comments (Atom)
It would mean that government project that tends to benefit any property within the vicinity of that project can be assessed additional special tax. This will only be imposed on those properties actually benefitting something from it, to be determined by the proper authorities. the limitation is not more than 60% of the actual cost.
ReplyDelete