KORONADAL CITY (MindaNews / 25 Aug) – The city government is targeting to generate around P28 million in additional revenues in an upcoming public auction sale of tax delinquent real properties in the area.
Marloun Gumbao, Koronadal City treasurer, said they are now finalizing the preparations for the city’s first-ever public auction sale, which is scheduled on Sept. 18 to 20.
He said they will initially auction 100 tax delinquent properties, which comprise agricultural lands, commercial buildings, residential lands and buildings as well as machineries.
The said properties are located in barangays Zone III, Zone II, Zone I, Topland, Sto. Nino, Sta. Cruz, Saravia, San Roque, San Jose, Paraiso, New Pangasinan, Namnama, Morales, Mabini, Gen. Paulino Santos, Esperanza, Carpenter Hill, Cacub and Avancena.
The city government earlier said it will offer for auction a total of 1,571 real properties in the city that have already accumulated unpaid realty taxes worth around P65 million in the last several years.
Among those that will be offered for auction are real properties owned or registered to telephone company Pilipino Telephone Corporation (Piltel).
Piltel was listed to have owed the city government a total of P19 million in unpaid realty taxes for its eight listed properties.
“We already issued the demand letters and notices for the public auction as part of the process,” Gumbao said in a radio interview.
He said a list of tax delinquent property owners will be published in a local daily for two consecutive weeks before the scheduled public auction.
Gumbao said property owners who want to file objections or wanted to pay their dues will have until the end of the month to settle them.
He said the city treasurer’s office is open to negotiations with interested property owners who would want to pay their tax arrears on installment basis.
He said property owners will have one year to pay their tax arrearages in full and its 2 percent interest.
After the initial public auction, Gumbao said they are planning to hold them on a regular basis similar to the practice of Davao City.
As part of their preparations, the City Treasurer’s Office earlier studied the processes adopted by Davao in its regular public auction of forfeited real properties. Davao has been auctioning forfeited real properties twice a year since 2003, he added.