Rodriguez attends public hearing on proposed SMV for real properties

Councilor Jonjon Rodriguez attended the public hearing on the proposed Schedule of Market Values (SMV) for real properties, a key consultation conducted as part of the implementation of Republic Act No. 12001, or the Real Property Valuation and Assessment Reform Act (RPVARA).

During the session, the City Assessment Department presented the basis and methodology for updating the proposed SMVs, including the transition to the RPVARA's single valuation base, before local officials, barangay leaders, property owners, and other stakeholders.

Rodriguez emphasized the importance of public consultations to ensure that policies affecting property owners are transparent, fair, and shaped through meaningful community participation.

Also present was Barangay Nazareth Punong Barangay Atty. Regine Rodriguez, who stressed that the proposed market values should be fair, transparent, and reflective of actual market conditions.

She also raised concerns over the significant increase in the proposed market values for properties in Barangay Nazareth, citing the absence of major developments in the area that would justify such adjustments.

The public hearing marked another step in the city's ongoing consultation process, with stakeholder feedback continuing to be gathered before the proposed Schedule of Market Values is finalized and adopted. (JDO/SP)