Early this year, there were a lot of complaints about the increase in fees and tax payments due to the city government of Cagayan de Oro.

But according to the  latest Tax Watch Ad by the Department of Finance (Read the full article by Rain Castro of Interaksyon.com HERE), the city could have earned even more if the city had updated its schedule of market values (SMV). As shown below, the city’s last updated SMV was in 2006 or 8 years ago.

TaxWatch43LGU-2web_061114-02_zps22c65938 copy

 

I wonder how much increase if the SMV was based in the latest year.

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