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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 73 - PROVIDING
FOR THE COLLECTION OF REAL PROPERTY TAXES BASED ON THE 1984 REAL
PROPERTY VALUES, AS PROVIDED FOR UNDER Sec. 21 OF THE REAL PROPERTY
TAX CODE, AS AMENDED
WHEREAS,
the collection of real property taxes is still based on the 1978
revision of property values;
WHEREAS, the latest general revision of real property assessments
completed in 1984 has rendered the 1978 revised values obsolete;
WHEREAS, the collection of real property taxes based on the 1984 real
property values was deferred to take effect on January 1, 1988 instead
of January 1, 1985, thus depriving the local government units of an
additional source of revenue.
WHEREAS, there is an urgent need for local governments to augment their
financial resources to meet the rising cost of rendering effective
services to the people;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do
hereby order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Done in the City of Manila,
this 25th day of November in the year of Our Lord, nineteen hundred and
eighty-six.
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