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You are here: Home News Blog Cagayan de Oro News Blog Council to reassess biz sector’s request

Council to reassess biz sector’s request

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THE City Council would need to reassess further the request of the business sector in Cagayan de Oro for a 50-percent reduction on real property tax (RPT) of devaluated lots as the effect of the onslaught Tropical Storm Sendong.

Lots located near the rivers in Cagayan de Oro were reportedly devaluated following the directive of Pres. Benigno Aquino not to use it anymore on any purpose.

Councilor Simeon Licayan said the request needs further study before its approval.

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