SC TRO’s QC ordinance raising real estate values by up to 500% » Manila Bulletin News

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SC TRO’s QC ordinance raising real estate values by up to 500%

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by Rey G. Panaligan

Baguio City – The Supreme Court (SC) issued here yesterday a temporary restraining order (TRO) that stopped the Quezon City (QC) government from implementing an ordinance that would effectively increase the fair market value of land, buildings, and other structures by 100 percent up to as much as 500 percent.

In a press briefing, spokesman Theodore O. Te said the SC granted the plea for TRO sought by the Alliance of Quezon City Homeowners’ Associations, Inc. (AQCHI) against Ordinance No. 2256 (Series of 2016) which approved the fair market value of lands and costs for buildings and other structures for the revision of real property assessments in the city.

Ordinance No. 2256 would effectively increase existing fair market values by 100 to 500 percent effective this year for land and in 2018 for buildings and other structures.

In its petition, AQCHI told the SC that the rates contained in the ordinance “are unjust and excessive” and will unduly burden financially all landowners in Quezon City.

It acknowledged the need for an increase in property valuation, but it said the increase should be reduced and should be implemented on a staggered basis.

Named respondents in the petition were Quezon City Mayor Herbert Bautista and the officials of the city’s assessor’s office and treasurer’s office. They were ordered to answer the petition within 10 days from receipt of the resolution that contained the TRO.

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  • LeoZapa

    So, what will happen to our increased payment this year?

    • Sue the mayor and other QC officials involved in a class suit, abuse of authority and ignorance of the law (if it exist, in other form)…

    • disqus_vU1klyrdjb

      You will probably have to file a lawsuit and wait 10-15 years for anything to maybe happen

  • OFW_000000001

    Dami ring kalokohan tong si Herbert Bautista and mga galamay… sana wag nyo na iboto yan. Mga kunwari maamong tupa pero mga walang puso sa taong bayan.