Solon seeks 30 percent discount of senior citizens from real property tax payment
Posted on | April 25, 2011 |
A lawmaker is pushing for a 30 percent discount of senior citizens from the payment of real property tax on their family homes and the land where these are situated.
Rep. Oscar Malapitan (1st District, Caloocan City), author of House Bill 4202, said there is a need to enact such a law since 90 percent of senior citizens are poor and unable to pay the confiscatory real property taxes.
Malapitan said while Republic Act 7432, as amended, otherwise known As “An Act To Maximize The Contribution Of Senior Citizens To Nation Building, Grant Benefits And Special Privileges And For Other Purposes” extends realty tax exemption to individuals or non-government institutions establishing homes, residential communities or retirement villages solely for senior citizens, the same privileges should be accorded to senior citizens who stay in their homes.
“Almost 90 percent of our senior citizens are living below the poverty threshold set at P10,000 a month and would not be able to pay the almost confiscatory real property taxes,” said Malapitan, a Vice Chairman of the House Committee on Appropriations.
Malapitan said senior citizens are now in the twilight years of their lives and most of them, having retired from work, have no sufficient income to support their families of their daily basic needs, particularly at this time when prices of basic commodities have skyrocketed beyond the reach of minimum wage earners.
Malapitan said the imposition of the increased real property assessments ultimately leading to higher property taxes would in the immediate future spell doom for the family home.
Malapitan proposed that Section 4 of RA 7432, as amended by RA 9994, otherwise known as the Expanded Senior Citizens Act be further amended by adding a new subparagraph “m” which provides the grant of 30 percent discount from the payment of real property tax and special education fund tax on senior citizens’ dwellings and the land on which these are situated, provided that such dwellings and land are for their exclusive use.
Former President Arroyo signed the Expanded Senior Citizens Act or RA 9994 into law on February 15, 2010.
The law grants senior citizens 20% discount from the value -added tax (VAT) on the sale of certain goods and services from all establishments and exemption from the payment of individual income taxes of senior citizens who are considered to be minimum wage earners in accordance with Republic Act No. 9504;
Senior citizens were also granted five percent discount on water and electric bills; exemption from training fees for socioeconomic programs; free medical and dental services, diagnostic and laboratory fees in all government facilities; educational assistance to pursue post secondary, tertiary, post tertiary, vocational and technical education, as well as short-term courses.
Likewise, they are also covered by the benefits and privileges given to members by the Government Service Insurance System (GSIS), the Social Security System (SSS) and the Pag-IBIG fund.
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