QUEZON CITY – The Quezon City council has approved on third and final reading an ordinance seeking to defer the raise in fair market values (FMVs) of properties in the city for this year and in the next, a report by The Manila Times said.
The proposed decree moves to suspend the implementation of an ordinance enacted in 2016 which modifies the schedule of FMVs for land and basic unit construction costs for establishments in Quezon City.
The local government then lowered the assessment level as determined by the City Assessor’s Office to 5 percent from 18 percent for residential properties, and to 14 percent from 45 percent for commercial and industrial properties.
However, a Supreme Court (SC) ruling in 2016 halted its enforcement by issuing a temporary restraining order (TRO), acting on the petition filed by the Alliance of Quezon City Homeowner’s Association Inc. which challenged the legality of the local law.
The TRO was then lifted in September this year, favoring the local government.
“The fair market values in Quezon City were adjusted in December 1995, so the city really needs to raise market values because it’s long overdue. Right now, though, it’s imperative we suspend collection due to the consequences of inflation,” Councilor Franz Pumaren, the city council’s majority floor leader, explained.
In a separate report by the same newspaper, President Rodrigo Duterte appointed 13 new judges in Quezon City.
These are Quezon City Metropolitan Trial Court Branch 133 Judge Gloria Monica Lopez-Lao, Ayn Marie Grace Barit-Carig, Sheena Marie Abella-Davis, Marcelino Gonzales 2nd, Dinah Maximo-Uy, Peter Philip Abelita, Khrystynn Cyd Rhia De Leon-Garcia, Jelan Omer Pormentilla, Lotis Rosario, Jonafher Almira, Kristine Grace Suarez, Aimee Marie Alcera, and Dennis Aga.