
Chiz proposes to exempt subdivision, condo common areas from real property taxes
Senator Francis “Chiz” Escudero has proposed a legislative measure seeking to exempt common areas within residential subdivisions and condominiums from real property taxes (RPT) to provide financial relief to millions of middle-class families.Senate Bill No. 2569, which he filed on October 21, proposes an amendment to Section 234 of Republic Act 7160 or the Local Government Code of 1991, to remove a cost that is quietly passed on to residents through monthly association dues.The veteran legislator said the current practice of taxing shared spaces such as hallways, lobbies, parks, and other non-income generating facilities effectively increases the carrying cost of homeownership for families who already shoulder amortization, utilities, and rising living expenses.“Hindi nama...









