Unformatted text preview: of construction data for valuing buildings". SImp rove Performance Monitoring:Land Assessment and Treasury departments could review
their administration and collection costs relative to actual revenue generated. This would
assist in setting performance targets and improving operation and staff efficiency within
each department. e Revising the LG Code: There is no additional cost or penalty policy for non-payment of tax
after a year while measures such as public auction and civil remedies are used sparingly.
The local governments should petition the center to remove the one-year limit on tax
penalty to make the penalty structure more effective. It is also recommended that the
City determine the overall importance of the exempt properties and use the information
to suggest reforms in the Local Government Code. 4.4 Business Tax Framework
Business tax is levied on the gross receipts of the preceding year at rates prescribed
according to a graduated scale specified in the 1991 LGC. Different schedules apply to
manufacturers, retailers, wholesalers and exporters at an ad valorem rate (Appendix Table 3).
The Code exten...
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This document was uploaded on 01/27/2014.
- Winter '13