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Monday, January 9, 2012

Paying Real Property Taxes in Taguig

Under Section 232 of R.A. No. 7160 or the Local Government Code, “[a] province or city or a municipality within the Metropolitan Manila Area my levy an annual ad valorem tax on real property such as land, building, machinery, and other improvement not hereinafter specifically exempted.” Normally, each year's real property taxes or RPT fall due on the first day of January.

However, Section 251 of R.A. No. 7160  provides:

Sec. 251. Tax Discount for Advanced Prompt Payment.- If the basic real property tax and the additional tax accruing to the Special Education Fund (SEF) are paid in advance in accordance with the prescribed schedule of payment as provided under Section 250, the sanggunian concerned may grant a discount not exceeding twenty percent (20%) of the annual tax due. (Emphasis supplied)
With this in mind, I resolved to pay my RPT for 2012 last December 2011 to avail of the 20% discount.

I went to the Taguig City Hall and found that the Assessor's Office is at the ground floor, very near the main entrance. Prepared for the worst, I was pleasantly surprised by how fast the process took.

First, I went through Step 1, when a taxpayer's property is identified via a Tax Declaration.


And then, I proceeded to Step 2, where I was given the computation for the real property taxes I had to pay for 2012, with a 20% discount.


Step 3 was for payment. The cashier accepts cash and personal checks. If you pay using the latter, however, you will not get your receipt immediately. Instead, you will come back after a few days (presumably, after the check clears). There are at least 2 ATMs outside the Taguig City Hall, one of which (Land Bank), is right inside the compound.







20 comments:

  1. May I ask where do I get the Tax Declaration from?
    Thank you

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  2. You get the tax declaration from the assessor's office.

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    Replies
    1. Are tax declaration forms available on line or we have to go to the assessor's office? We are FilAm & live in California, we own a condo at BGC & would like to get some info re: property tax due calculation, can you help?

      Is the parking slot value included in the property tax computation?

      Looking forward to your response

      Delete
    2. Hi! I seriously doubt if the tax declaration forms can be secured online.

      If you have a separate title for the parking slot, then you pay RPT for that too.

      Delete
  3. Glad I found your blog. I'm reading my Declaration of Property form and the 'assessment level' is 60% ! Is that correct? I live in a condo at Rosewood Pointe

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  5. Hi Michael!

    That actually sounds high, since R.A. 7160 fixes the assessment levels at 60% if the value is over 10 Million. Might have to check the Revenue Code for Taguig again.

    As to its appliation, it means that Taguig will check the declared value of your condo and multiply it by 60% to get the base of the real property tax. After that, the base will be multiplied by 1-2% (I'm not quite sure what is the tax rate for Taguig) and you will get the tax due for the year.

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  6. Hi Meg,
    I've read other blogs mentioning that residential buildings with an FMV of 750,000- 1,000,000 should have an assessment level of 30%. Our condo unit's FMV is only 999,360.
    My wife and I are first time buyers so we are not familiar with Real Property Tax or where we can get legitimate information on the correct amount that we should actually pay.

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  7. Rosewood Pointe/DMCI is also charging me the following Real Property Tax for 2009 - 2011 at the following amounts. Are these correct? They seem too big for a 2 bedroom unit. I have copies of the ORs that they paid, who can help confirm if what they are charging me is correct?

    CY2009 - 7,714.05
    CY2010 - 8,953.20
    CY2011 - 7,903.50
    TOTAL: 24,570.75








    ReplyDelete
    Replies
    1. That's the amount being charged for 2BR units in other Acacia Estates condos.

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  8. how can i trace back my lola,s old tax dec ty........

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    Replies
    1. You need to go to the assessor's office and get a copy from there. Bring a copy of her title (if any).

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  9. If I am paying my rpt this January can I still get discount for 2013 rpt?

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    Replies
    1. if I am not mistaken, there's a 10% discount if you pay in January.

      Delete
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  11. I have found this post on Google, I am searching this post a long time, Finally you solved my problem, Thanks..

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  12. un brgy calzada po ba iyon mga lote po ba dun ay mga rigts lang o may titulo po rin?

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  13. When is the deadline to get the 20% discount?

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  14. I have concern regarding the Real property Tax for 2007-2014 actual computed 29k plus last April 30,2014 shown on my statement of account released .but i did not clearly inform about the Due date dates and Penalties .then i get back last August 15,2014 but i really shocked the interest added is 72% within 15 days only ( reached for 17k plus) .please help me to have discount of said penalties even 50% i settle the account for 2007-2011 only amounting to 31,989.00 ....
    please help me to get discounts that could be applied to my remaining payable years-2012-2014 i could not imagine that the disaster happen in my life....


    ReplyDelete