The development of any city or any country, for that matter, is impossible without the imposition of taxes. This, in a nutshell, was the explanation given by the City Assessor, Mr. Jose Lito Mallare, when he was asked by members of the Sangguniang Panlungsod to justify his proposal to increase the assessment values of real properties within the City of Bacoor.
During a series of public hearings conducted by the city council in the presence of officers of homeowners associations, barangay officials, captains of industry, and professionals, Mr. Mallare consistently explained how vital the said hike in real estate values is to the continued growth of Bacoor.
According to Mr. Mallare, local government units are required by Section 219 of the Local Government Code of 1991 to increase real property values every three years. However, city officials of Bacoor did not comply with the said law even after Bacoor became a city in 2012 due to concerns that city residents are not yet economically prepared to pay higher real property taxes. Thus, Mr. Mallare requested the city council to pass an ordinance that will revise the assessment values of all real properties within the city.
With the marked improvement of the local economy in recent years and the significant increase in the income of families based in Bacoor, the Sangguniang Panlungsod decided that it is high time for the city government to finally comply with the said legal provision and accede to Mr. Mallare’s request.
On 28 October 2019, the Sanggunian passed City Ordinance No. CO37-2019 (otherwise known as the 2019 General Revision and Real Property Assessments Ordinance of Bacoor). Under the said ordinance, the assessment rates to be used in assessing the value of residential, agricultural, commercial, and industrial lands and buildings within the city shall be reduced.
| Land Type | Assessment Rates Before Approval of CO37-2019 | Assessment Rates After Approval of CO37-2019 | Difference |
| Residential | 20% | 10% | 10% less |
| Agricultural | 40% | 20% | 20% less |
| Commercial | 50% | 23% | 27% less |
| Industrial | 50% | 30% | 20% less |
Despite the decrease in the proposed assessment rates, however, it is projected that real property taxes to be paid by real property owners in Bacoor will still increase due to the increase of real property values within the city brought about by the increase in zonal values made by the Bureau of Internal Revenues (BIR) and not by the city government.
CO37-2019 shall take effect in January 2020 due to its approval by the Sangguniang Panlalawigan on 4 November 2019. Under the said ordinance, city officials or employees who conspire with taxpayers in order to obtain illegally reduced real property assessment values shall be required to pay a fine ranging from P1,000 to P5,000 and shall be imprisoned from 30 days to six months depending on the discretion of a judge.
How much would the annual RPT in Molino Blvd, Bacoor City for a property worth 9 million pesos please?
Magandang araw po. Maaari po kayo makipagugnayan sa Assessors Office sa numerong ito 046-481-4100 loc 228. Maraming Salamat po!
Magkano po ang bagong zonal value dito sa Mabolo 3 Patricia Ex. Village?
Magkano na po ang bagong zonal value dito sa Patricia Ex. Village Mabolo 3?
I am 71 years old already and it’s very hard for me to go there at your office due my vulnerability with the covid19. In view thereof I am requesting your good office to provide me withe exact amount of RPT so that I can prepare the amount before going there. For your reference here is the previous ORPTR # 1185117 dated Dec. 12, 2017. TAX DEC # 03-0015-06411/06412.