Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 220 OF REPUBLIC ACT NO. 7160 OTHERWISE AS 'THE LOCAL GOVERNMENT CODE' AND FOR OTHER PURPOSES
Date filed
July 2, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00459 |
| FULL TITLE : AN ACT AMENDING SECTION 220 OF REPUBLIC ACT NO. 7160 OTHERWISE AS 'THE LOCAL GOVERNMENT CODE' AND FOR OTHER PURPOSES |
| ABSTRACT : The bill limits the power of local government units to re-assess the value of real property to be used as basis for the real estate tax. It provides that the assessment of real property shall not be increased oftener than once every five (5) years. |
| PRINCIPAL AUTHOR/S : BICHARA, AL FRANCIS D. |
| DATE FILED : 2007-07-02 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2007-07-30 |
Abstract
The bill limits the power of local government units to re-assess the value of real property to be used as basis for the real estate tax. It provides that the assessment of real property shall not be increased oftener than once every five (5) years.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.