QC gives tax credits to residents supportive of socialized housing 0 SHARES Share it! As mandated by City Ordinance SP-2095 S-2011, or the Socialized Housing Tax (SHT) of Quezon City, the local government has imposed additional one-half percent (0.5 percent) tax on properties (land) with an assessed value amounting to more than P100,000. The fees collected were then used to purchase and develop land and to build and improve socialized housing facilities. Gonzalvo said the QC Information Technology Development Office (ITDO) will work on a service program that automatically computes the tax payments and deducts the tax credit from the total amount due. Real property tax can also be paid in Quezon City Business Centers located in SM North Edsa, Robinsons Novaliches, and Ali Mall.

Source: Manila Bulletin January 02, 2020 06:21 UTC