Under the local government code, what can the local government/sanggunian set through ordinance?

The correct answer is that the local government—or sanggunian—can set assessment levels through ordinance according to the Local Government Code. This authority allows local governments to determine the specific rates at which properties are assessed for taxation. This is a critical function because assessment levels directly affect the amount of property tax levied on individuals and businesses within the local jurisdiction.

Assessment levels are based on factors such as property values and the purpose of use of the properties. By establishing these levels, local governments ensure that taxation is fair and equitable, reflecting the current market conditions and property usage within their areas. This process typically involves public consultation and adherence to guidelines set forth in the code to ensure transparency and community engagement.

Other options involve regulatory functions, but they do not fall under the specific powers granted by the Local Government Code to set through ordinance. For example, while tax collection methods may be influenced by local policies, they are not directly set by ordinance in the same manner as assessment levels are. Similarly, property ownership regulations and interest rates for loans typically involve different governance frameworks and may not be solely determined by the sanggunian, making assessment levels a distinct and pertinent area of authority under local government provisions.