LOCAL GOVERNMENT UNIT: UTILIZING LOCAL REVENUE COLLECTION AND TRANSPARENCY: FINANCIAL MANAGEMENT AND REAL PROPERTY TAX INTEGRATION WITH TRANSACTION HISTORY

Abstract

Effective revenue collection and enhanced financial management serve as benchmarks for local development. Local governments must efficiently address real property tax backlogs by integrating transaction histories to streamline the collection process and accountability. This paper examines the procedures for correlating real property taxes with past transactions, utilizing GIS mapping and barangay certificates as key data sources. The research employed the Agile methodology, incorporating GIS mapping to enhance data collection efficiency. Initially, essential property details—name, type, address, area, and price—were gathered. The system then performed automated tax computations using pre-established assessment factors. Additionally, data from business license applications, barangay clearances, and certificates of indigence were analyzed to ensure accuracy. Integrating the property tax system with transaction data significantly improved revenue collection and financial management. The use of GIS mapping technology streamlined property data collection, reducing errors in tax assessment. This integration facilitated real-time revenue analysis, enabling local authorities to make data-driven decisions. Furthermore, the system enhanced financial transparency and accountability, fostering greater public trust. By ensuring equitable resource distribution, the system contributed to community development and socio-economic progress. The integration of local tax systems with real property transactions marks a significant advancement in fiscal management and revenue collection. The system's transparency assures taxpayers that their contributions are fairly assessed and equitably distributed. However, sustainability depends on collaboration among government agencies, stakeholders, and technology partners to address ongoing challenges and ensure long-term viability.