Republic of the Philippines
CITY OF PAGADIAN
Office of the City Board
ORDINANCE NO. 21
"AN ORDINANCE IMPOSING TAXES OF REAL ESTATE DEALER AND BASIS OF MONTHLY OR YEARLY RENTALS"
BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF PAGADIAN, THAT:
SECTION 1.DEFINITIONS - Real estate dealer is a person or persons, natural or juridical, who for their own account is engaged in the sale of land, building or interest therein in leasing real estate, or engaged in the business of leasing or renting residential lots, buildings or lots or farm lands.
SECTION 2. TAX SCHEDULE - Real estate dealers whose properties are within the town site of Pagadian i.e., comprising the area within Ts-259, and Pls-119, case I, shall pay the following schedule of taxes based on the monthly or yearly rentals:
RENTAL PER ANNUM TAX PER ANNUM
P100.00 to P500.00 P16.00
501.00 to 1,000.00 20.00
1,001.00 to 2,000.00 40.00
2,001.00 to 3,000.00 60.00
3,001.00 to 4,000.00 80.00
4,001.00 to 5,000.00 100.00
5,001.00 to 6,000.00 120.00
6,001.00 to 7,000.00 140.00
7,001.00 to 8,000.00 160.00
8,001.00 to 9,000.00 180.00
9,001.00 to and above 300.00
SECTION 3. PENALTIES - Any real estate dealer, juridical or natural person, found violating any of the provisions of this Ordinance shall pay a fine of not less than Fifty (P50.00) Pesos nor more than Two Hundred (P200.00) Pesos or suffer an imprisonment of not less than One (1) month nor more than Six (6) months or both such fine and imprisonment in the discretion of the Court.
SECTION 4. EFFECTIVITY - This Ordinance shall take effect on January 1, 1963.
ENACTED: APPROVED:
November 16, 1962 December 3, 1962
ATTESTED:
(SGD.) REYNERIO I. DECENA
Municipal Secretary
A TRUE COPY:
November 24, 1970
(SGD.) DELIA A. LOPEZ
Clerk-Stenographer