2002 Ord No. 81 - CHAPTER II REAL PROPERTY TAX Article 3

CHAPTER II

REAL PROPERTY TAX

Article 3. Levies On Real Property

Section 5. Real Property Subject to Tax – All real property such as lands, buildings,
machineries, and other improvements located in the City of Olongapo.

Section 6. Exemption from Real Property Tax – The following are exempted from payment of the real property tax:

a) Real property owned by the republic of the Philippines or any of its political subdivisions except when the beneficial use thereof has been granted for a consideration or otherwise to a taxable person;

b) Charitable institutions, churches, personage or convents appurtenant thereto, mosques, non-profit or religious cemeteries and all lands, buildings, and improvement actually, directly, and exclusively used for religious, charitable or educational purposes;

c) All machineries and equipment that are actually, directly and exclusively used by local water districts and government-owned or controlled corporations engaged in the generation, supply and distribution of water and electric power;

d) All real properties owned by duly registered cooperatives as provided under RA 6938; and

e) Machinery and equipment used for pollution control and environmental protection.

All properties mentioned in the Section shall be valued for the purpose of assessment and record thereof shall be kept as in other cases.

Except as provided herein, any exemption from payment of real property tax previously granted to, or presently enjoyed by, all persons, whether natural or juridical, including all government-owned or controlled corporations are hereby withdrawn upon the affectivity of this Code.