MANILA - The Supreme Court (SC), sitting in en banc session on Tuesday, stopped the Quezon City government from implementing an ordinance raising the city's real property tax rates by up to 500 percent.
The high court issued a temporary restraining order against the new tax rates, and directed QC Mayor Herbert Bautista, the City Assessor's Office, and the City Treasurer's Office to file their comment on the petition filed by the Alliance of Quezon City Homeowners'
Association Inc. within ten days.
Bautista meanwhile defended the new tax rates saying that QC's real property taxes were last updated 21 years ago.
In an official statement, the QC government had said "[c]learly, the
P5,000 per square meter land value is unrealistic, and no property owner in that area will transact at this rate."
The QC government cited the tax rates of Caloocan City and Makati City which are at P55,000-P80,000 per square meter.
The local government added that under the Local Government Code, "a general revision of real property assessments should be conducted every three years."