REPUBLIC OF THE PHILIPPINES

SANGGUNIANG PANLUNGSOD
CITY OF MAKATI

PRESENT:

Councilor JOHNNY S. WILSON - Temporary Presiding Officer

“ JEJOMAR ERWIN S. BINAY, JR.
“ ISRAEL S. CRUZADO
“ FERDINAND T. EUSEBIO
“ ERLINDA S. GONZALES
“ DIVINA A. JACOME
“ RICARDO S. JAVIER
“ FRANCISCO Z. LICHAUCO
“ ROMEO C. MEDINA
“ SALVADOR D. PANGILINAN
“ NELSON S. PASIA
“ ASTOLFO C. PIMENTEL
“ RICO J. PUNO
“ LIBERATO G. SIARON
“ ELIAS V. TOLENTINO, JR.
“ MONIQUE YASMIN Q. LAGDAMEO - SK President
ABC President RODOLFO F. SESE - Sectoral Representative

ABSENT:

Vice Mayor ERNESTO S. MERCADO

Councilor OSCAR M. IBAY - Sick leave

By unanimous vote of the members present, the following City Ordinance was enacted on third and final
reading:

CITY ORDINANCE NO. 2001-048

Authors: Vice Mayor E.S. Mercado and all members of the Sangguniang Panlungsod

AN ORDINANCE AMENDING CHAPTER II, ARTICLE A, SECTION 2A.02 OF

MUNICIPAL ORDINANCE NO. 92-072 OTHERWISE KNOWN AS THE
MAKATI REVENUE CODE AND HEREBY IMPLEMENTING THE REALTY
TAX RATES FOR CITIES PROVIDED UNDER R.A. 7160 (LOCAL
GOVERNMENT CODE) AS A RESULT OF THE CONVERSION OF MAKATI
FROM MUNICIPALITY TO A CITY, SUBJECT TO ALL LEGAL AND
EXISTING RULES AND REGULATIONS.

WHEREAS, R.A. 7854 (Makati City Charter) converted the then Municipality of Makati into a Highly
Urbanized City on January 01, 1995, with all the attributes of a city, including the power to impose real
property tax;

WHEREAS, in the affirmation of the city’s power to impose tax rates, Sections 232 and 233 of R.A.
7160 (Local Government Code) specifically provides that a city has the power to levy taxes, fees and
charges at the rates provided thereunder;

WHEREAS, since its conversion and despite temptations to raise tax rates, Makati City has endeavored
to keep the realty tax rates at a level provided for in the Makati Revenue Code which was enacted prior to
the conversion of Makati to a city; thus, through the years, Makati City has been known and distinguished
itself as one of the LGU’s in Metro Manila with the lowest realty tax rates;

WHEREAS, it is a reality in life that sustainable growth, development, and prompt and effective delivery
of basic services and its programs on infrastructure projects pay a higher price which, for the past years,
the city government has shouldered without unduly burdening its constituents. With its vision to scale
new heights of development, however, the city is calling upon its constituents to share with the burden by
paying additional imposition;
NOW, THEREFORE, BE IT ENACTED AS IT IS HEREBY ENACTED BY THE
SANGGUNIANG PANLUNGSOD OF MAKATI, METRO MANILA, BY VIRTUE OF THE
POWERS VESTED IN IT BY LAW, IN SESSION ASSEMBLED, THAT:

Section 1. Chapter II, Article A, Section 2A.02 of Municipal Ordinance No. 92-072, otherwise known as
the Makati Revenue Code is hereby amended and shall now read as follows:

Section 2A.02. – Imposition of the basic real property tax. – There is hereby levied an
annual ad valorem tax on the assessed value of real property such as land, buildings,
machineries and other improvement affixed or attached to real property located in the
City of Makati, Metro Manila at the following rates:

Class of Property Rates of Levy %

Residential 1.50 %
Commercial 2.00 %
Industrial 2.00 %
Special 1.50 %

Provided, however, that if the residential real property is not actually and exclusively
used by the registered owner himself and being offered for rent, the same shall be
classified as residential/commercial (RC) and shall have an additional .25% of the
assessed value.

Section 2. The above imposition is exclusive of the additional tax levied on real property for Special
Education Fund under Section 2A.03 of the Makati Revenue Code which provides: Section 2A.03 -
There is hereby levied an Annual Tax of one percent (1%) on the assessed value of real property which
shall be an addition to the basic real property tax. The proceeds thereof shall exclusively accrue to the
Special Education Fund.

Section 3. This Ordinance shall take effect fifteen (15) days following its full publication for three (3)
consecutive days in a newspaper of local circulation.

ENACTED BY THE SANGGUNIANG PANLUNGSOD OF MAKATI, METRO MANILA, in its

regular session held on November 27, 2001.

Certified true and correct by:

ROGELIO U. MARASIGAN
Sangguniang Secretary

Attested by:

COUNCILOR JOHNNY S. WILSON

Temporary Presiding Officer

APPROVED:

JEJOMAR C. BINAY
City Mayor

rrn/etc