In order to increase revenue generation there is a

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Unformatted text preview: with enforcement. Table 4.1 RPTA Collection Efficiency in Olongapo Year Total Assessment Assessed Value per Parcel 1997 1996 1995 1994 1993 1992 1991 1990 1989 Assessed Value per Building RPT Constant 1988 65346.58 65114.49 59356.41 24907.84 15975.23 16094.35 16070.24 16036.11 n.a 33400.78 33462.75 33904.92 34046.42 22804.90 22696.07 22786.75 22334.53 n.a 47,169,880 35,561,792 22,917,844 15,672,968 15,003,761 n.a n.a n.a n.a 1988 678,832,240 n.a Source: Olongapo City Assessor's office Note: n.a = not available $ 1 = 40 pesos n.a n.a 2,033,371,780 2,013,405,813 2,000,984,360 1,338,230,820 1,268,892,499 1,253,783,500 1,154,998,900 1,129,857,840 701,828,340 19,717,010 15,647,188 10,908,894 15,672,969 8,417,110 Actual Collections Collection Efficiency 17,510,668 9,964,793 7,423,580 4,307,334 3,756,384 6,986,369 8,271,866 8,800,232 4,949,333 37% 28% 32% 27% 25% n.a 4.2 Problems and Limitations of Property Tax Record Keeping andManagement Outdated procedures and inadequate organization of tax...
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