FINANCIAL PERFORMANCE
Note 18 – Tax Revenue
This account is composed of the following:
2024 2023
Tax Revenue-Individual and Corporation
Professional Tax ₱ 14,198.85 ₱ 13,200.00
Community Tax 1,550,971.15 1,583,089.05
Tax Revenue-Property
Real Property Tax 2,180,587.33 2,034,942.70
Discount on Real Property Tax-Basic (258,912.49) (214,207.88)
Special Education Tax 3,004,162.26 2,815,617.58
Discount on Special Education Tax (258,912.49) (214,567.88)
Real Property Transfer Tax 22,119.52 154,565.75
Tax Revenue-Goods and Services
Business Tax 10,385,854.25 9,345,931.04
Taxes on Sand, Gravel and other Quarry
Products
Tax on Delivery Trucks and Vans 61,050.00 15,000.00
Franchise Tax 356,385.64 213,734.75
Tax Revenue-Fines and Penalties
Fines and Penalties-Taxes on Individual and
71,346.06 115,639.46
Corp.
Fines and Penalties-Property Taxes 1,287,542.57 1,744,871.70
Total ₱ 18,416,392.65 ₱ 17,607,816.27
Note 19 – Share from National Taxes
This account consists of the City’s share from Internal Revenue Collection in the amount
of ₱1,064,551,584.00 for FY 2024 and ₱1,004,076,369.00 for FY 2023.
Note 20 – Service and Business Income
This account consists of the following:
Service Income
Permit Fees ₱ 1,568,130.43 ₱ 1,692,621.36
Registration Fees 680,410.00 860,305.92
Clearance and Certification Fees 987,180.00 1,105,350.00
Supervision and Regulation Enforcement Fees 470,857.00 144,900.00
Inspection Fees 453,930.00 399,940.00
Fees for Sealing and Licensing of Weight and 25,800.00 26,830.00
Measures
Fines and Penalties-Service Income 10,771.75 19,404.57
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