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  Real Property Tax in the Philippines: What is it, who pays for it, and how to compute it
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  • 1. WHO PAYS FOR RPT? The owner or administrator of the property, which should be paid at the city or municipal treasurer’s office
  • 2. WHEN TO PAY? If the taxpayer chooses to pay for one whole year, the payment is due on or before January 31. If paid in advance, a discount not exceeding 20% of the annual tax due may be granted.
  • 3. IF IN INSTALLMENTS… The four quarterly installments shall be due on or before the last day of each quarter: March 31 June 30 September 30 December 31
  • 4. MAXIMUM ASSESSMENT LEVEL RATES MINERAL 50% INDUSTRIAL 50% TIMBERLAND 20% RESIDENTIAL 20% AGRICULTURAL 40% COMMERCIAL 50% LAND
  • 5. MAXIMUM ASSESSMENT LEVEL RATES Building and Other Structures RESIDENTIAL <P175K 0% P175K–300K 10% P300K–500K 20% P500K–750K 25% P750K–1M 30% P1M–2M 35% P2M–5M 40% P5M–10M 50% >P10M 60%
  • 6. MAXIMUM ASSESSMENT LEVEL RATES Building and Other Structures AGRICULTURAL <P300K 25% P300K–500K 30% P500K–750K 35% P750K–1M 40% P1M–2M 45% >P2M 50%
  • 7. Building and Other Structures COMMERCIAL/INDUSTRIAL <P300K 30% P300K–500K 35% P500K–750K 40% P750K–1M 50% P1M–2M 50% P2M–5M 70% P5M–10M 75% >P10M 80%
  • 8. MAXIMUM ASSESSMENT LEVEL RATES Building and Other Structures TIMBERLAND <P300K 45% P300K–500K 50% P500K–750K 55% P750K–1M 60% P1M–2M 65% >P2M 70%
  • 9. Building and Other Structures MACHINERIES AGRICULTURAL 40% RESIDENTIAL 50% COMMERCIAL 80% INDUSTRIA L 80% MAXIMUM ASSESSMENT LEVEL RATES
  • 10. SAMPLE COMPUTATION A residential house within Metro Manila, with the following fair market value per Assessor’s office: Assessed Land P350,000 Assessment Level – 20% Improvement P350,000 Assessment Level – 20% Assessed Value of Land P350,000 x 20% P70,000 Assessed Value of Improvement P350,000 x 20% P70,000 Basic RPT for Land and Improvement (P70,000 + P70,000) X 2% = P2,800
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