As of the latest local government income classification of the Department of
Finance in 2005, Antipolo is classified as a "First Class City". In
2007, the city registered a total revenue of ₱993.1 million, an increase of 5.6
percent from the previous fiscal year, in 2010 this amount has grown to ₱1.56
billion. Its proximity to Metro Manila has continuously spurred the growth of
the real estate industry and by 2007, revenue from real property taxes has
ballooned by 32.1 percent from 2006 to ₱146.2 million as there are also about
456 residential subdivisions in the city
